Broadsoft, the Gaithersburg, Md.-based maker of networking software, was surging 18.9% in premarket trading Tuesday after it reported strong earnings and revenue growth for its fiscal fourth quarter.Shares of Philadelphia-based specialty retailer Urban Outfitters were falling 13.9% in premarket trading Tuesday after reporting fourth-quarter earnings that fell short of Wall Street's expectations.
San Francisco-based biotech company Exelixis was falling 5.2% after saying that it is looking to replenish its coffers with a share offering that will increase its outstanding stock by at least 11%.
Sportswear company Dick's Sporting Goods was rising 1.9% after reporting fourth-quarter earnings of 76 cents a share, beating Wall Street's estimate by 4 cents a share.
Drug company Pharmasset was rising 1.4% on a BMO report that said the company's hepatitis C treatment appeared to be successful in more than 90% of patients tested.
U.S. lender Bank of America was rising 1.5% ahead of its first analyst meeting since February 2007 on Tuesday.
Wireless technology firm Qualcomm was lower by 1.4% in premarket trading Tuesday after announcing that it has raised its quarterly dividend by 13% to 21.5 cents a share.
Fast-food chain McDonald's was falling 0.6% after reporting global comparable sales growth of 3.9% in February.
Aerospace giant Boeing was rising 0.8% after announcing that it has won a $10 billion order from two airlines in China.
Starbucks was up 0.3% after a company executive said that the coffee company will begin offering instant coffee packets in China, making it not only a coffee chain in the country, but also a consumer packaged-goods company there, the Wall Street Journal reported.
Oil giants ConocoPhillips, Exxon Mobil and BP were down 0.1%, 0.3%, 0.9% as they halted trading with embattled Libya.
Nuts, popcorn and chips company Diamond Foods is expected to report second-quarter earnings of 89 cents a share after the markets close Tuesday.
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