NEW YORK ( TheStreet) -- Newell Rubbermaid (NWL) shares were falling 8.5% to $15.52 in premarket trading Friday after the consumer goods company lowered its 2011 outlook to the range of $1.60 to $1.67 a share from $1.67 to $1.70 previously, reflecting disappointing economic conditions and weak consumer spending trends in the U.S.
Newell Rubbermaid also said it believes its second-quarter performance will be lower than analysts' consensus expectations.
GT Solar International ( SOLR ) was popping by 6.7% to $12.83 on news that the solar industry services provider has received a $460.4 million order for its advanced sapphire crystallization furnaces from a China-based manufacturing company new to the LED (light-emitting diode) industry.
Tesla (TSLA) was rising 5.5% to $30.33 in premarket trading Friday after raising $152.4 million in a secondary offering. The electric vehicle maker said in regulatory filing that it plans to reveal a prototype of its Model X crossover vehicle by the end of 2011 and begin selling it in the fourth quarter of 2013.
Arch Coal (ACI) shares were down 2.3% to $26.79 after announcing that its public offering of 48 million shares of common stock has priced $27 a share for gross proceeds of about $1.3 billion.
Property insurer Allstate ( ALL) was falling by 2.2% to $30.22 after being downgraded to hold from buy at Citigroup.
Shipping company Frontline (FRO) was falling 1.9% to $17.50 after being cut to market perform from outperform by Wells Fargo.
Drug company Forest Laboratories ( FRX) was up 0.2% to $35.63 after being raised to overweight from neutral by JPMorgan.
Drugstore chain Walgreen (WAG) said its May sales increased 7% to $6.08 billion from $5.69 billion the same time last year.
San Jose, Calif.-based electronic payment technology company Verifone Systems (PAY) posted quarterly results that came in slightly ahead of Wall Street expectations. Shares were trading sideways at $47.14.
Retail giant Wal-Mart (WMT) is scheduled to hold its annual shareholders' meeting in Bentonville, Ark. Friday. While the Dow component is expected to outline a number of strategic plans, the big question mark is still when it will be able to jumpstart domestic same-store sales. >>Search for Highest Dividends by Rate or Yield
|More on Earnings Today's Top Earnings|
>To contact the writer of this article, click here: Andrea Tse. >To follow the writer on Twitter, go to Andrea Tse. >To submit a news tip, send an email to: firstname.lastname@example.org.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV