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Broadsoft: Premarket Trading


NEW YORK ( TheStreet) -- Broadsoft (BSFT), the Gaithersburg, Md.-based maker of networking software, was surging 18.9% in premarket trading Tuesday after it reported strong earnings and revenue growth for its fiscal fourth quarter.






Shares of Philadelphia-based specialty retailer Urban Outfitters (URBN) were falling 13.9% in premarket trading Tuesday after reporting fourth-quarter earnings that fell short of Wall Street's expectations.






San Francisco-based biotech company Exelixis (EXEL) was falling 5.2% after saying that it is looking to replenish its coffers with a share offering that will increase its outstanding stock by at least 11%.






Sportswear company Dick's Sporting Goods (DKS) was rising 1.9% after reporting fourth-quarter earnings of 76 cents a share, beating Wall Street's estimate by 4 cents a share.






U.S. lender Bank of America (BAC) was rising 1.5% ahead of its first analyst meeting since February 2007 on Tuesday.






Drug company Pharmasset (VRUS) was rising 1.4% on a BMO report that said the company's hepatitis C treatment appeared to be successful in more than 90% of patients tested.






Wireless technology firm Qualcomm (QCOM) was lower by 1.4% in premarket trading Tuesday after announcing that it raised its quarterly dividend by 13% to 21.5 cents a share.






Aerospace giant Boeing (BA) was rising 0.8% after announcing that it has won a $10 billion order from two airlines in China.






Fast-food chain McDonald's (MCD) was falling 0.6% after reporting global comparable sales growth of 3.9% in February.






Starbucks (SBUX) was up 0.3% after a company executive said coffee company will begin offering instant coffee packets in China, making it not only a coffee chain in the country, but also a consumer packaged-goods company there, The Wall Street Journal reported.






Oil giants ConocoPhillips (COP), Exxon Mobil (XOM) and BP (BP) were down 0.1%, 0.3%, 0.9%, respectively, as they halted trading with embattled Libya.






Nuts, popcorn and chips company Diamond Foods (DMND) is expected to report second-quarter earnings of 89 cents a share after the markets close Tuesday.

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-- Written by Andrea Tse in New York.



>To contact the writer of this article, click here: Andrea Tse.

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