Stocks to Watch: Google, Morgan Stanley, General Electric

Among the companies with shares expected to actively trade in Friday’s session are Google Inc.(GOOG), Morgan Stanley(MS) and General Electric Co.(GE)

Google Inc. posted a 12% increase in third-quarter revenue, as it tries to keep pace with its users’ shift to mobile devices. The Internet-search company Thursday said net income rose 36% amid several new initiatives to raise the price marketers pay for advertisements on smartphones and other mobile devices. Shares were up 9.5% to $973.01 in premarket trading as earnings and revenue beat expectations.

Morgan Stanley swung to a third-quarter profit, solidly beating analyst estimates, as strong results in the company’s wealth management business helped offset a slump in fixed-income trading revenue. Shares jumped 3.7% to $30 in premarket trading.

General Electric Co.’s third-quarter earnings fell 8.6% as the conglomerate’s financial unit posted weaker revenue and restructuring charges hurt results, though the industrial business’s results continued to strengthen. Shares rose 2.6% to $25.30 premarket, as profit exceeded expectations.

Specialty pharmaceutical firm pSivida Corp.(PSDV) said the U.S. Food and Drug Administration didn’t approve a treatment for an eye disease found in patients with diabetes. The company’s stock tumbled 47% to $2 premarket, while shares of Alimera Sciences Inc.(ALIM) were down 39% to $1.66, as the treatment is licensed and sold by Alimera in other markets.

Ariad Pharmaceuticals Inc. will discontinue its Phase 3 trial of Iclusig, which was placed on clinical hold by the U.S. Food and Drug Administration last week after follow-ups found some patients treated with the drug suffered from serious arterial thrombosis or other conditions. Shares slumped 30% to $3.15 premarket.

Chipotle Mexican Grill Inc.’s third-quarter earnings jumped 15% as the burrito chain reported more customers visited its restaurants, boosting sales to help offset some food cost pressures. In premarket trading, shares climbed 7.7% to $473, as sales topped expectations.

Advanced Micro Devices Inc. posted a quarterly profit for the first time since early 2012, but the chip maker sounded less optimistic about the current period than some analysts expected. Shares fell 11% premarket, to $3.65.

Shares of Acacia Research Corp. tumbled after the developer and acquirer of patented technologies issued third-quarter results that badly missed Wall Street expectations. The stock was down 19% to $15.80 premarket.