Starbucks Corporation Jumps After Solid Earnings (SBUX, SKUL, NEE, INHX)


Skullcandy Inc  (NASDAQ:SKUL) shares soared 12.10% in the pre-market session after the company said that it earned 17 cents a share on revenue of $60.6 million in its third quarter, ahead of analysts’ estimates of 14 cents a share on revenue of $50.60 million.

For the FY2011, the company projects to earn 93 cents a share on revenue of $231 million, topping analysts’ estimates of 90 cents a share on revenue of $217.3 million.

Starbucks Corporation  (NASDAQ:SBUX) added 3.36% to $41.41 on high volume after the company posted a 28% jump in fiscal-fourth quarter profit on continued strong sales at existing stores. For the fourth quarter, the company earned $358.5 million, or $0.47 a share, from $278.9 million, or $0.37 a share, in the same period last year, beating Wall Street’s forecast by $0.06 a share.

NextEra Energy, Inc.  (NYSE:NEE)   reported earnings of $1.31 a share on revenue of $4.38 billion in its third quarter, missing analysts estimates of $1.41 a share on revenue of $4.44 billion.

Inhibitex, Inc.  (NASDAQ:INHX)  soared 127.27% to $9 in the pre-market session after the company announced its financial results for the third quarter ended September 30, 2011 and provided an update on several recent corporate developments, including top-line safety and antiviral data from the first cohort in its ongoing clinical trial designed to evaluate higher doses of INX-189, an oral nucleotide polymerase inhibitor, being developed to treat chronic infections caused by hepatitis C virus (HCV), administered as monotherapy or in combination with ribavirin for seven days.

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