Pre-market Movers For Jan 21 (VZ, BBRY, YRCW, FRX, SAP, PATH, CNBC, CNOB)

(RTTNews) - Gainers:

Verizon Communications Inc. (VZ) is up 0.72 percent to $48.70. The company reported a profit in its fourth quarter and its adjusted earnings per share topped analysts' estimate. Total operating revenues for the quarter increased 3.4 percent, with 84 percent of revenues generated by Verizon Wireless, FiOS and strategic enterprise services.

BlackBerry Ltd. (BBRY) is gaining 8 percent to $9.84.

YRC Worldwide Inc. (YRCW) is surging 18 percent to $18.70 based on the news that it has reached a tentative agreement with officials of the International Brotherhood of Teamsters on an extension of its collective bargaining agreement to March 2019.

Forest Laboratories Inc. (FRX) is up 8 percent to $74.35. The company swung to a profit in its third quarter and its adjusted earnings per share topped Wall Street view. Net sales for the quarter grew 24.9 percent and came above the consensus estimate. The company also raised its fiscal year adjusted earnings per share guidance range.

Decliners:

SAP AG (SAP) is falling 1 percent to $81.60. The company's fourth quarter profit after tax improved 20 percent, amid marginal growth in revenues. Further, the company delayed its adjusted operating margin goal by two years to 2017, considering the growth opportunities in the cloud. Profit after tax for the quarter rose 20 percent on the basis of IFRS. Total revenue grew 2 percent.

NuPathe Inc. (PATH) is down 7 percent to $4.05. The company terminated its agreement and plan of merger with Endo Health Solutions Inc. (ENDP) and entered into an agreement, under which Teva Pharmaceutical Industries Ltd. (TEVA) will acquire NuPathe for $3.65 per share in cash. Endo has received a $5 million termination fee from NuPathe.

Trading halt:

Trading in shares of Center Bancorp, Inc. (CNBC) and ConnectOne Bancorp. Inc. (CNOB) was halted. The companies have agreed to merge in a deal valued at $243 million. ConnectOne shareholders will receive a fixed exchange ratio of 2.6 shares of Center common stock for each share of ConnectOne common stock held by them. The merger is expected to be accretive to both Center's and ConnectOne's earnings per share in 2015, excluding the impact of potential revenue enhancement opportunities.