5 Hot Early Movers: RIM Edges Higher, Dunkin’ Looks to Raise $900 Million
Shares of Research in Motion (NASDAQ:RIMM) gained .75 percent in early Friday trading. Late Thursday, the company reported a fourth-quarter loss of $125 million (24 cents per share), compared to a net gain of $934 million ($1.78 per share) a year earlier. The company also said the next few quarters are likely to be challenging.
Apple Inc. (NASDAQ:AAPL) shares edged slightly lower before the opening bell. The Fair Labor Association announced it found excessive working hours and health and safety issues at Foxconn, Apple’s largest manufacturer.
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Dunkin’ Brands Group Inc. (NASDAQ:DNKN) fell .30 percent in early trading. The company announced it priced a stock offering of 26.4 million shares at $29.50 per share. The doughnut and coffee chain will raise nearly $900 million in the offering.
Finish Line Inc. (NASDAQ:FINL) shares plummeted more than 9 percent after announcing first-quarter results. The company posted earnings of $41.9 million (80 cents per share), compared to $34.2 million (63 cents per share) a year earlier.
Best Buy Co. Inc. (NYSE:BBY) shares dropped 2.14 percent Friday morning. The electronics retailer recently announced plans to close 50 stores and cut 400 jobs in order to reduce costs.
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