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

Guess? (GES) tumbled over 10% in after-hours trading after it reported Q3 EPS of 11 cents, weaker than consensus of 14 cents, and then cut its fiscal 2017 adjusted EPS view to 42 cents-52 cents from a prior view of 62 cents-75 cents.

Xencor (XNCR) slid nearly 4% in after-hours trading after it announced a proposed public offering of common stock but gave no size.

La-Z-Boy (LZB) climbed nearly 5% in after-hours trading after it reported Q2 EPS of 42 cents, higher than a preliminary view of 37 cents-39 cents.

Tilly’s (TLYS ) surged over 15% in after-hours trading after it reported Q3 EPS of 22 cents, double consensus of 11 cents.

Fred’s (FRED) rose over 5% in after-hours trading after rescheduling the release of its Q3 results and Nov sales data to Dec 8 from Dec 2.

Rexnord (RXN) fell 4% in after-hours trading after it announced a public offering of 7 million shares of preferred stock.

Wells Fargo (WFC) was downgraded to ‘Neutral’ from ‘Positive’ at Susquehanna with a 12-month target price of $56.

Dollar General (DG) — The discount retailer reported adjusted quarterly profit of 89 cents per share, four cents below estimates, with revenue slightly below forecasts. Comparable store sales fell 0.1 percent, surprising analysts who had predicted a 0.5 percent increase. Dollar General said its results were hurt by slower customer traffic and a challenging retail environment.

Lands’ End (LE) — The apparel retailer reported a larger than expected quarterly loss, although revenue exceeded forecasts. Same-store sales fell 14.3 percent, a result the company calls “disappointing” although it also said its inventories are now under control and that costs are being aggressively managed.

McDonald’s (MCD) — The Financial Times reports that a joint bid by China state-owned investment firm Citic and U.S. private equity firm Carlyle is now in the lead to buy the restaurant chain’s China operations. That’s a sale that analysts say could be worth as much as $3 billion. Separately, the stock was downgraded to “neutral” from “buy” at Guggenheim. The firm said it sees limited upside at current valuations.

Clarcor (CL) — The maker of filtration products is being bought by Parker Hannifin for $4.3 billion in cash and assumed debt, or $83 per share. Clarcor had closed Wednesday at $70.45 per share.

Mobileye (MBLY) — The maker of autonomous car technology was rated “buy” at Needham, which said the company has a significant first mover advantage.

Walt Disney (DIS) — The company raised its semi-annual dividend by 10 percent to 78 cents per share. That brings the total dividend for 2016 to $1.49 per share, up from $1.37 a year ago.

Pure Storage (PSTG) — Pure Storage lost 10 cents per share for its latest quarter, five cents less than analysts were expecting. The data storage company’s revenue beat forecasts, benefiting from the addition of new customers.

Skechers (SKX) was upgraded to ‘Buy’ from ‘Neutral’ at Buckingham Research Group with a price target of $31.

Cerner (CERN) was downgraded to ‘Market Perform’ from ‘Outperform’ at Leerink Partners with a 12-month target price of $50.

PVH Corp. (PVH) fell 2% in after-hours trading after it said it sees Q4 non-GAAP EPS of $1.13-$1.18, below consensus of $1.29.

Rockwell Collins (COL) rallied over 3% in after-hours trading after it people familiar with the matter said it is under pressure from Starboard Value LP, one of its three biggest shareholders, to reconsider its $6.4 billion purchase of B/E/ Aerospace and instead explore alternative options, including selling itself.

Pure Storage (PSTG) rose over 1% in after-hours trading after it said it added more than 300 customers in Q3 and that it sees Q4 revenue of $219 million-$227 million versus estimates of $221.2 million.

Semtech (SMTC) gained 3% in after-hours trading after it reported Q3 adjusted EPS of 37 cents, better than consensus of 36 cents, and said it sees Q4 adjusted EPS of 33 cents-37 cents, above consensus of 33 cents.

Box Inc. (BOX) gained almost 1% in after-hours trading after it reported a Q3 adjusted loss of -14 cents a share, narrower than consensus of -19 cents, and then raised its 2017 revenue view to $397 million-$398 million from an August 31 view of $394 million-$396 million.