Friday Pre-Market Look: Stocks In The News Before The Open

ByGary Kaltbaum

Fluor (FLR) was upgraded to ‘Buy’ from ‘Neutral’ at Citigroup.

Aflac (AFL) was downgraded to ‘Underperform’ from ‘Sector Perform’ at RBC Capital Markets with a 12-month target price of $65.

Finisar (FNSR) rallied over 3% in after-hours trading after it reported Q2 adjusted EPS of 58 cents, higher than consensus of 46 cents, and then said it sees Q3 adjusted EPS of 58 cents-64 cents, above consensus of 48 cents.

NCI Building Systems (NCI) tumbled 10% in after-hours trading after it reported Q4 adjusted EPS of 28 cents, weaker than consensus of 32 cents, and then said it sees Q1 revenue of $370 million-$390 million, weaker than consensus of $399 million.

USA Compression Partners LP (USAC) dropped 3% in after-hours trading after it announced a public offering of 4.5 million common units.

Broadcom Ltd (AVGO) climbed nearly 4% in after-hours trading after it reported Q4 adjusted EPS continuing operations of $3.47, above consensus of $3.36.

Restoration Hardware (RH) slid 2% in after-hours trading after it lowered guidance on full-year adjusted EPS to $1.19-$1.29 from a September 8 view of $1.60-$1.80.

Galapagos NV (GLPG) rose 3% in after-hours trading after it said its first patient dosed in a “Selection” Phase 2b/3 study of filgotinib in ulcerative colitis triggered a $10 million milestone payment from Gilead.

Xactly (XTLY) slipped 2% in after-hours trading after it said it sees Q4 revenue of $23.6 million-$24.4 million, below consensus of $25.9 million.

Fred’s (FRED) dropped 4% in after-hours trading after it said during a conference call that it will take no questions due to a pending transaction that it declined to identify.

Valley National Bancorp (VLY) lost 2% in after-hours trading after it filed to sell 8.4 million shares of common stock.

Frontline Ltd (FRO +5.04%) dropped 4% in after-hours trading after it offered 13.4 million shares.

Duluth Holdings (DLTH) tumbled over 13% in after-hours trading after it cut its full-year GAAP EPS view to 52 cent-60 cents from a September 8 view of 66 cents-70 cents.

Source: FoxBusiness, Reuters, BarChart, CNBC, Bloomberg