Tuesday Stocks In The News Before The Open: $HTZ, $CVS, $VRX, $PCLN, $DRI, $W, $MAR, $DEPO

Hertz Global Holdings (HTZ +7.26%) plunged 25% in after-hours trading after it lowered guidance on 2106 adjusted Ebitda to $575 million-$625 million from an August 8 view of $850 million-$950 million.

CVS Health —(CVS) is down 15% in the premarket after the drugstore operator earned an adjusted $1.64 per share for its latest quarter, seven cents a share above estimates. The company’s revenue fell short of estimates, however, and it cut its full-year forecast. CVS said it was seeing slowing prescription growth as well as a soft seasonal business. Separately, CVS announced a new $15 billion stock buyback program.

Valeant Pharmaceuticals —(VRX) plunged 20% in the premarket after the drugmaker reported adjusted quarterly profit of $1.55 per share, missing estimates of $1.75 a share. Revenue came in below estimates, as well, and Valeant also cut its full-year forecast. CEO Joseph Papa did say the company is making progress with its ongoing restructuring of operations.

DR Horton — (DRI) fell over 4% before Tuesday’s open after the homebuilder fell two cents a share short of estimates, with quarterly earnings of 75 cents per share. Revenue also came in slightly below forecasts. Its results were impacted by a jump in cancellations. DR Horton also announced a 25 percent quarterly dividend increase to 10 cents per share.

Wayfair — (W) tanked 13.6% after the online home furnishings retailer lost 54 cents per share for its latest quarter, smaller than the 60 cent loss that analysts were expecting. Revenue came in above forecasts. Wayfair said it gained significant market share during the quarter and remains optimistic about its long-term profit potential.

Priceline Group (PCLN +3.94%) rose 5% in pre-market trading after it reported Q3 adjusted EPS of $31.18, higher than consensus of $29.86.

Fabrinet (FN +3.55%) jumped 8% in after-hours trading after it reported Q1 non-GAAP EPS of 80 cents, above consensus of 71 cents, and then said it sees Q2 non-GAAP EPS of 78 cents-80 cents, higher than consensus of 69 cents.

Marriott International (MAR +2.14%) fell nearly 3% in pre-market trading after it said it sees Q4 EPS of 80 cents-85 cents, weaker than consensus of 86 cents.

Depomed (DEPO +1.02%) dropped over 10% in after-hours trading after it reported Q3 adjusted EPS of 28 cents, weaker than consensus of 36 cents, and then lowered guidance on full-year Ebitda to $152 million-$160 million from a prior view of $175 million-$190 million.

Kindred Healthcare (KND +6.71%) slumped 15% in after-hours trading after it lowered guidance on full-year adjusted EPS to 70 cents-8- cents from a prior view of 80 cents-$1.00.

Resolute Energy (REN -1.51%) lost over 6% in after-hours trading after it reported an unexpected Q3 loss of -$1.24 a share, well below consensus of a profit of 55 cents.

Cray (CRAY +2.02%) slid nearly 9% in after-hours trading after it reported a Q3 adjusted EPS loss of -49 cents, wider than consensus of 35 cents.

News Corp. (NWSA +2.78%) rose nearly 4% in after-hours trading after it reported an unexpected Q1 adjusted profit of 1 cent, better than consensus of breakeven.

Source: Barchart, FoxBusiness, CNBC, & Bloomberg