First Solar, Dynegy: Premarket Trading
NEW YORK (
) --
First Solar
(FSLR) - Get Report
provided earnings 2011 guidance in the range of $8.75 to $9.50 a share, far exceeding the consensus estimate.
Shares of First Solar rose 3.2% to $141.36 in premarket trading Wednesday.
>> First Solar Beats Whisper, Sells Key Project
Dynegy
(DYN)
agreed to be bought by
Icahn Enterprises
for $5.50 a share in cash, or about $665 million.
Dynegy shares rose 2.8% to $5.60 in early trading.
>> Dynegy Agrees to Icahn Buyout
Lexington Realty Trust
(LXP) - Get Report
said it will sell 10 million common shares in a public offering.
Shares of Lexington Realty tumbled 5% to $7.65.
Invesco Mortgage Capital
(IVR) - Get Report
plans to make a public offering of 8.7 million common shares.
Shares of Invesco fell 4.1% to $22.52.
Yahoo!
(YHOO)
confirmed Tuesday it is laying off 4% of its work force, eliminating roughly 600 positions.
There were no premarket quotes available for Yahoo! Shares of the company settled at $16.63 Tuesday, down 0.4%.
>> Yahoo Confirms Plans to Cut 4% of Staff
topped analysts' estimates by reporting fourth-quarter net income of $146 million, or $1.39 a share, on a sales increase of 9%.
Shares of Joy Global rose 5.9% to $84.96 in premarket trading Wednesday.
>>Joy Global Posts Profit Beat, Bookings Soar
Novartis
(NVS) - Get Report
will acquire the 23% of eye-care company
Alcon
( ACL) it doesn't already own for $12.9 billion.
Novartis shares have risen 8.7% to $60.70 before the market open, while Alcon was up 2.6% to $166.60.
>> Novartis Buys Rest of Alcon Stake for $12.9B
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-- Written by Andrea Tse in New York.
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RELATED STORIES:
>> Yahoo Confirms Plans to Cut 4% of Staff
>>Joy Global Posts Profit Beat, Bookings Soar
>> Novartis Buys Rest of Alcon Stake for $12.9B
>> First Solar Beats Whisper, Sells Key Project
>> Dynegy Agrees to Icahn Buyout
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