04.02.2014 14:46:40
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Pre-market Movers Feb 4 (KORS, ATMI, ENTG, FURX, TTWO)
(RTTNews) - Gainers:
Michael Kors Holdings Ltd. (KORS) is jumping 20 percent to $91.90. The company's third quarter profit and revenue surged from the year-ago quarter and topped Wall Street view. Further, the company provided forecast for the fourth quarter, and lifted its forecast for fiscal 2014.
ATMI Inc. (ATMI) is rising 25 percent to $33.76 and Entegris, Inc. (ENTG) is up 19 percent to $12.25. Entegris has agreed to buy the company for a total equity value of about $1.15 billion on a fully-diluted basis, or some $850 million net of cash acquired, including the net cash proceeds from the sale of LifeSciences business of $170 million.
Furiex Pharmaceuticals, Inc. (FURX) is surging 125 percent to $12.25 based on the news that its two pivotal Phase III clinical trials evaluating the efficacy and safety of eluxadoline in the treatment of diarrhea-predominant irritable bowel syndrome met both the FDA and the European Medicines Agency formally agreed-upon primary endpoints of composite response based on simultaneous improvements in stool consistency and abdominal pain.
Decliners:
Take-Two Interactive Software Inc. (TTWO) is falling 5 percent to $17.89. The company's third quarter results topped Wall Street view. At the same time, the company provided a weak outlook for the fourth quarter, but again lifted its expectations for the full year 2014.
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