Investing

Trader Alerts: Unusual Stocks on the Move (URI, ISRG, YHOO, CREE, STX)

Here’s a pre-open look at several stocks making moves this morning: United Rental Inc. (NYSE: URI), Intuitive Surgical Inc. (NASDAQ: ISRG), Yahoo! Inc. (NASDAQ: YHOO), Cree Inc. (NASDAQ: CREE), and Seagate Technology PLC (NASDAQ: STX).

United Rental Inc. (NYSE: URI) is up 10% in the pre-market to $45.00, just $0.08 shy of its 52-week high. The equipment rental company reported reported first quarter earnings after markets closed last night, and handily topped consensus estimates on EPS and revenues. Revenues totaled $656 million, well above the consensus estimate of $609 million, and adjusted EPS totaled $0.36, shattering the consensus estimate of $0.05.

Intuitive Surgical Inc. (NASDAQ: ISRG) is up about 5.5% this morning at $575.75, well above the 52-week high of $554.13. The maker of robotic surgical devices posted revenues of $495.2 million, up 28% year-over-year and substantially better than the consensus estimate of $466.7 million. EPS totaled $3.50 compared with the consensus estimate of $3.09.

Yahoo! Inc. (NASDAQ: YHOO) is up about 2.7% this morning at $15.42. The internet portal posted revenues last night of $1.08 billion, up just 1% over the same period a year ago and slightly better than the consensus estimate of $1.06 billion. EPS came in at $0.23, also better than the consensus estimate of $0.17.

Cree Inc. (NASDAQ: CREE) is down about -3.5% in the pre-market at $30.20. The LED lighting maker missed the consensus revenue estimate of $301 million, posting revenue for its third fiscal quarter of $285 million. The company also missed the consensus EPS estimate of $0.21 by a penny.

Seagate Technology PLC (NASDAQ: STX) is up about 3.2% in the pre-market at $28.78, within a quarter of a new 52-week high. The disk drive maker posted revenue of $4.45 billion compared with a consensus estimate of $4.37 billion and adjusted EPS of $2.64 compared with an estimate of $2.10.

Paul Ausick

Want to Retire Early? Start Here (Sponsor)

Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.