Wednesday’s Pre-Market Look: Stocks In The News Before The Open
Boeing (BA) climbed 1.5% in pre-market trading after it reported Q4 core EPS of $2.47, above consensus of $2.32.
Seagate Technology PLC (STX) jumped 10% in after-hours trading after it reported Q2 adjusted EPS of $1.38, higher than consensus of $1.08, and said it sees fiscal 2017 EPS “at least” $4.50, above consensus of $3.77.
Discover Financial Service (DFS) lost 1% in after-hours trading after it reported Q4 provision for loan losses of $579 million, up from $445 million in Q3.
Intuitive Surgical (ISRG) rose 1% in after-hours trading after it reported Q4 adjusted EPS of $6.09, better than consensus of $5.98.
Capital One Financial (COF) slipped nearly 2% in after-hours trading after it reported Q4 adjusted EPS of $1.45, weaker than consensus of $1.62.
Alcoa (AA) gained over 2% in after-hours trading after it said it sees 2017 adjusted Ebitda ex-items $2.1 billion-$2.3 billion, up from $1.1 billion in 2016.
Phillips 66 Partners (PSXP) was upgraded to ‘Buy’ from ‘Neutral’ by Citigroup, citing strong organic growth, ability to attract third-party revenue and compete with large non-sponsored MLPs.
Cree Inc (CREE) rallied 4% in after-hours trading after it reported Q2 adjusted EPS of 20 cents, higher than consensus of 11 cents.
CA Technologies (CA) fell over 2% in after-hours trading after it cut its full year adjusted EPS from continuing operations growth estimate to flat to up +2%, below a previous projection of up 2%-5%.
Bob Evans (BOBE) jumped 15% in after-hours trading after it announce a sale of its restaurants to Golden Gate Capital for $565 million.
Concho Resources (CXO) rose nearly 3% in after-hours trading after it sold a Permian Basin crude oil gathering system to Plains All-American for $1.2 billion.
Mercury Systems (MRCY) lost 3% in after-hours trading after it announced a public offering of 5 million shares of common stock.
Newtek Business Services (NEWT) dropped nearly 5% in after-hours trading after it announced a public offering of 1.5 million shares of common stock.
Michaels Cos. (MIK) slid 2% in after-hours trading after it announced a secondary offering of 18 million shares of common stock.
Sources: FoxBusiness, Barchart, Bloomberg. Reuters