Pre-Market Movers – EXK, LLY, DDS, TGE, CPS

Technology Stocks News 1

Endeavour Silver Corp. (NYSE:EXK) is up 1.5% in pre-market trade on Monday as it provided updated NI 43-101 silver and gold reserve and resource estimates for its three producing silver mines in Mexico (the Guanacevi Mine in Durango State and the Bolanitos and El Cubo Mines in Guanajuato State) as well as one exploration project (San Sebastian Project in Jalisco State) as of December 31, 2013 using lower silver and gold prices compared to December 31, 2012.

Eli Lilly (NYSE: LLY) lowered its full-year guidance to below analysts’ expectations as its animal health division Elanco agreed to buy privately-held Lohmann Animal Health, a provider of poultry vaccines and a range of feed additives.

Dillard’s (NYSE:DDS) was lower 1.8% in pre-market trade after reporting Q4 earnings that were shy of analysts’ expectations.  “Although it was a profitable fourth quarter, we are disappointed in our gross margin performance, as lower than anticipated sales necessitated heavier markdowns,” CEO William Dillard said in a statement.

TGC Industries (NASDAQ:TGE) reported Q4 earnings and sales that were significantly below analysts’ expectations amid weak demand and severe weather conditions. “Combined with the soft demand for seismic services, we experienced delays in Canada due to harsh weather and government permitting issues during the quarter,” CEO Wayne Whitener said in a statement.

Cooper-Standard Holdings (NYSE:CPS), the parent company of automotive systes and components supplier Cooper Standard Automotive, reported a widened Q4 loss on higher tax expenses, but revenue climbed and the company forecast continued revenue growth for 2014. For 2014, the company forecast sales in the range of $3.25 billion to $3.35 billion, up from 2013 revenue of $3.1 billion.

 

 

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