The three most active funds and stocks in pre-market trading on the NYSE were Weatherford International
(NYSE:WFT), SPDR S&P 500 ETF
(NYSEARCA:SPY), Michael Kors Holdings
(NYSE:KORS) as of 9:25 a.m.
Investors exchanged 3.38 million shares of
Weatherford International, which was down $1.02, or 9.38%
. According to Reuters
, Weatherford reported a pre-tax profit $191 million for its third quarter compared to $270 million in the prior-year quarter. Revenue increased 13% to $3.82 billion, missing estimates of $3.9 billion.
2.15 million shares of
SPDR S&P 500 ETF, which was down $0.65, or 0.47%.
Investors also traded
1.57 million shares of Michael Kors Holdings, which was up $0.36, or 0.71%
. Michael Kors Holdings expects
to earn between $0.37 and $0.39 per share; Wall Street expects the company to report a profit of $0.39 per share. The fashion company expects its sales to rise more than 20% during the holiday quarter.
(See also: Pre-Market Primer: Bonds Rally on Fiscal Cliff Worries
No positions in stocks mentioned.