Pre-Market Look: Stocks In The News & Early Movers

Shake Shack (SHAK) is up 8% before the open after it raised its full-year sales forecast to $264 million-$265 million from a previous estimate of $256 million.

Mylan (MYL) fell 1% in after-hours trading after it reported Q3 adjusted EPS of $1.38, missing estimates for $1.45.

TASER International (TASR) surged 9% in the extended hours after it reported Q3 net sales of $71.9 million, well above consensus of $59 million.

Alexion Pharmaceuticals (ALXN) fell 2% before Thursday’s open after it filed to delay its 10-Q and said it is investigating whether personnel engaged in sales practices that were inconsistent with company policies.

Rapid7 (RPD) tanked -10% in after-hours trading after it said it sees a Q4 adjusted loss of -26 cents to -28 cents, a wider loss than consensus of -24 cents.

Zeltiq Aesthetics (ZLTQ) jumped nearly 8% in after-hours trading after it reported Q3 EPS of 12 cents, higher than consensus of 9 cents, and then raised its full-year revenue estimate to $350 million-$352 million from an August 8 view of $240 million-$350 million.

SolarEdge Technologies (SEDG) slid 5% in after-hours trading after it reported Q1 revenue of $128.5 million, below consensus of $132.4 million.

Tabula Rasa Healthcare (TRHC) rose nearly 5% in after-hours trading after it reported Q3 adjusted EPS of 6 cents, better than consensus of 4 cents, and said it sees Q4 revenue of $25 million-$26 million, above consensus of $22.9 million.

Avid Technology (AVID) plunged over 10% in after-hours trading after it lowered guidance on full-year GAAP revenue to $502 million-$517 million from a prior view of $535 million-$565 million.

Merrimack Pharmaceuticals (MACK) lost nearly 8% in after-hours trading after it reported Q3 total revenue of $28.1 million, well below estimates of $41 million.

Bovie Medical (BVX) fell nearly 6% in after-hours trading after it announced primary and secondary offerings of common stocks.

Harmonic (HLIT) imploded by over 20% in after-hours trading after it reported an unexpected Q3 adjusted loss of -1 cent, weaker than consensus of a 2 cent profit, and then said it sees Q4 adjusted EPS of 5 cents-7 cents, below consensus of 13 cents.

Kohl’s (KSS)— is up nearly 8% after the retailer reported adjusted quarterly profit of 80 cents per share, 10 cents a share above forecasts. Revenue was very slightly above estimates. Same-store sales did fall by 1.7 percent, but that drop was in line with analysts’ projections.

MetLife (MET) is up 1% after the insurance company announced a new $3 billion share repurchase program, marking a return to buybacks after a suspension earlier this year.

ConocoPhillips (COP)— is up 1% after the energy giant unveiled a new $3 billion share repurchase program as well as saying it would initiate a $5 billion to $8 billion asset divestiture program.

Party City (PRTY) is down 2% after the party supplies retailer fell four cents a share short of estimates, with quarterly earnings of eight cents per share. Revenue was also short of expectations. The company said it was impacted by a soft Halloween season, as well as a “more distracted consumer,” but is generally pleased with its overall outlook.

Best Buy (BBY)— The electronics retailer will open at 5 p.m. local time on Thanksgiving Day, and will make some of its Black Friday deals available in stores and online today.

Source: Barchart, CNBC, FoxBusiness, Reuters, & Bloomberg