Investing

Top Five Early Winners & Losers This Thursday (ITRI, NTAP, NILE, NVDA, PMFG)

Many stocks are on the move this morning.  Itron, Inc. (NASDAQ: ITRI) and NetApp, Inc. (NASDAQ: NTAP) are the two pre-market leaders on percentage gains this Thursday morning on NASDAQ; and the companies with the biggest losses and active volume are Blue Nile, Inc. (NASDAQ: NILE); NVIDIA Corporation (NASDAQ: NVDA); and PMFG, Inc. (NASDAQ: PMFG).  We have added color on each and shown the moves.

Itron, Inc. (NASDAQ: ITRI) managed to beat estimates on earnings and sales and it is buying a company called SmartSynch for $100 million.  Shares are up 12% at $45.02 on almost 20,000 shares in the pre-market.

NetApp, Inc. (NASDAQ: NTAP) was up almost 10% last night and up even higher in early Thursday pre-market trading after saying that it now expects earnings to come in at $0.60 to $0.65 EPS on $1.645 billion to $1.725 billion in sales.  The mid-point of each range is slightly above estimates and it comes after shares are still down by about one-third from the peak. Shares are up 8.1% at $43.12 on about 100,000 pre-market shares.

Blue Nile, Inc. (NASDAQ: NILE) has the dubious honor of being on the leaderboard of pre-market losers.  Guidance for the quarter ahead was of $0.04 to $0.07 EPS on sales of $81 million to $84 million, both were light.  Shares are down more than 23% at $31.99 in the pre-market. 

NVIDIA Corporation (NASDAQ: NVDA) is down this morning after the graphics chip card maker sees revenue of $900 million to $930 million in the coming quarter against estimates of $944 to $945 million.  For the past quarter, the $0.26 per share and $953.2 million in sales did slightly beat expectations.  Shares are down about 7% at $15.07 on about 150,000 shares.

PMFG, Inc. (NASDAQ: PMFG) is lower after pricing a 2.6 million share secondary offering at $16.00 per share after closing at $21.01.  Boy, what a discount.  Shares are down almost 20% at $16.90 on 175,000 pre-market shares.


 JON C. OGG