Google, Sony, Nokia: Pre-Market Movers
NEW YORK (TheStreet) -- Shares of Google(GOOG) rose $4.81, or 0.76%, to $640.77 in pre-market trading, ahead of the company's first-quarter results.
The Internet giant reports its latest numbers after market close, with investors eager to see whether the results can serve as a catalyst for Google's lackluster stock. Google shares have slipped 1.54% this year, compared to the Nasdaq's gain of 15.79%.
Analysts surveyed by Thomson Reuters are looking for revenue of $8.147 billion and earnings of $9.65 a share.
Sony(SNE) shares gained 15 cents, or 0.8%, to $18.90 before market open after the company announced a massive restructuring plan, which will involve 10,000 job cuts in fiscal year 2012.
The Japanese tech giant also vowed to strengthen its core digital imaging, game and mobile businesses, and turn around its television operation. In November, Sony announced a plan to return its TV business to profitability in the fiscal year ending March 31, 2014. On Thursday, the Tokyo-based firm said that it intends to accelerate these measures moving forward, promising to reduce the number of product models and boost design engineering efficiency.
Other parts of the Sony strategy outlined on Thursday are emerging market expansion and faster innovation.
Sony shares tumbled earlier this week after the company lowered its results forecast for the fiscal year ending March 31.
Shares of the Finnish handset maker were down 14 cents, or 3.3%, to $14.10 in pre-market trading.
--Written by James Rogers in New York.
>To follow the writer on Twitter, go to http://twitter.com/jamesjrogers.
>To submit a news tip, send an email to: firstname.lastname@example.org.