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

Home Depot (HD) was upgraded to ‘Overweight’ from ‘Equalweight’ at Morgan Stanley with a price target of $165.

NVIDIA (NVDA) fell 3% in after-hours trading after it was downgraded to ‘Reduce’ from ‘Buy’ at Nomura Instinet.

Hormel (HRL)– The maker of Spam, Dinty Moore, and other food brands fell a penny short of estimates with quarterly profit of 44 cents per share, while revenue came in slightly above forecasts. Hormel also lowered its forward guidance because of unfavorable conditions in the Turkey industry.

Kohl’s (KSS)– The retailer earned $1.44 per share for the fourth quarter, 11 cents above estimates, with revenue essentially in line. Kohl’s did forecast same store sales for 2017 to be flat to down two percent, a range that falls largely below estimates.

HP Inc. (HP) – HP reported adjusted quarterly profit of 38 cents per share, one cent above estimates, while the computer hardware maker’s revenue also beat forecasts. HP’s results were helped by a rebound in the personal computer business, with sales rising for a second straight quarter.

Tesla (TSLA) – Tesla reported a wider than expected loss of 69 cents per share, compared to the consensus estimate of a 43 cent loss. But the automaker’s revenue beat forecasts, and it said its new Model 3 sedan was on track for volume production by September. Separately, Tesla announced the departure of CFO Jason Wheeler in April, to be replaced by former CFO Deepak Ahuja.

Square (SQ) climbed 6% in after-hours trading after it reported Q4 adjusted EPS of 5 cents, above consensus of 3 cents.

Jack in the Box (JACK) dropped nearly 10% in after-hours trading after it reported Q1 adjusted operating EPS of $1.18, weaker than consensus of $1.24, and said it sees full-year operating EPS of $4.25-$4.45, below consensus of $4.71.

Ctrip.com International Ltd (CTRP) gained over 1% in after-hours trading after it reported Q4 profit per ADS of 17 cents, above consensus of 15 cents.

L Brands (LB) plunged 12% in after-hours trading after it said it sees Q1 EPS of 20 cents-25 cents, weaker than consensus of 49 cents, and then lowered guidance on full-year EPS to $3.05-$3.35, weaker than consensus of $3.69.

CoStar Group (CSGP) fell over 5% in after-hours trading after it said it sees Q1 adjusted EPS of 92 cents-97 cents, weaker than consensus of $1.13, and lowered guidance on full-year adjusted EPS to $4.18-$4.28, below consensus of $4.95.

Boston Beer Co. (SAM) declined 7% in after-hours trading after it said it sees full-year EPS of $4.20 to $6.20, below consensus of $6.44.

ARRIS International PLC (ARRS) tumbled over 8% in after-hours trading after it said it will buy Brocade’s Ruckus Wireless and ICX units for $800 million.

Tessera Holding (TSRA unch) sank nearly 9% in after-hours trading after it reported Q4 adjusted EPS of 45 cents, well below consensus of 58 cents, and said it sees Q1 revenue of $60 million-$63 million, less than consensus of $72.9 million.

AxoGen (AXGN -0.94%) lost 3% in after-hours trading after it reported a Q4 adjusted loss per share of -10 cents, wider than consensus of -9 cents.

Ultra Clean Holdings (UCTT +1.62%) surged over 10% in after-hours trading after it reported Q4 revenue of $174.5 million, better than consensus of $173 million, and then said it expects Q1 revenue of $190 million-$197 million, above consensus of $168.3 million.

Bellicum Pharmaceuticals (BLCM-4.48%) climbed nearly 5% in after-hours trading after it said updated results from a BP-004 trial of its BPX-501 and rimiducid show “consistent, durable outcomes” at 6 and 12 months with rapid immune recovery in patients with inherited blood disorders and hematological cancers and “very low” incidence of graft-versus-host disease.

Endologix (ELGX) dropped nearly 6% in after-hours trading after it reported Q4 revenue of $47.5 million, less than consensus of $48.7 million.

Foundation Medicine (FMI) fell 5% in after-hours trading after it reported Q4 revenue of $28.8 million, below consensus of $29.2 million.

Source: FoxBusiness, BarChart, Bloomberg, Reuters