Shares of Alphabet Inc. (GOOG) are higher by 1.73% to $718.80 in pre-market trading on Friday despite a Bloomberg report saying the search giant paid $1 billion to Apple (AAPL) in 2014 to keep its search bar on the iPhone.
Yahoo! Inc. (YHOO) shares gained 2.35% to $30 in pre-market trading, following a Reuters report saying the company will decide on its next strategic steps only after releasing its quarterly earnings on Feb. 2. The publication also said the web portal this month has rebuffed several potential buyers for its core Internet assets, including private equity firms.
8×8 Inc. (EGHT) shares are up $1.20 to $12.36 in pre-market trading Friday after the company reported its third-quarter earnings results.
The telecommunications services company posted earnings of $0.05 per share on revenues of $53.2 million, up 28.5% from a year ago. Analysts were expecting EPS of $0.03 on revenues of $52.05 million.
8×8 shares have declined 2.5% since the beginning of the year.
Shares of Great Basin Scientific, Inc. (GBSN) are higher by 28.07% to $0.265 in late morning trading on Friday after the molecular diagnostics firm announced the conversion of all outstanding Series C Warrants into shares of its common stock and therefore now has 75.5 million shares of common stock issued and outstanding, and has no remaining unconverted Series C Warrants.
Shares of Ballard Power Systems Inc. (BLDP) are up $0.14, or 11.38%, at $1.37, after the company announced that it has signed a $12 million fuel cell contract in China.
Cardiovascular Systems Inc. (CSII) is under heavy pressure this morning, down 31% in early trading after the medical device developer reported second-quarter EPS of ($0.47) compared to the consensus estimate of ($0.50). Revenues decreased 7.4% from last year to $41.4 million. Analysts expected revenues of $43.36 million.
For the current quarter ending in April, the company guided revenues of $40.5 to $42.0 million, as compared to analysts’ expectations of $46.05 million. The management also gave its bottom line range of (0.45) to (0.42) per share, against projections of ($0.45) per share.
The stock is currently down $3.86 to $8.60.
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