Wednesday Pre-Market Movers & Stocks In The News

TripAdvisor (TRIP) plunged over 12% before Wednesday’s open after it reported Q3 revenue of $421 million, below consensus of $436.6 million.

SAExploration (SAEX) vaulted over 20% in extended hours trading after it announced a new project award for seismic data acquisition services valued at $35 million for a 3D deep water ocean-bottom marine project in West Africa.

Hertz Global Holdings (HTZ) which fell over 20% on Tuesday (after reporting dismal earnings) is up 1% before the open after Carl Icahn increased his stake and bought 15.1 million shares of the stock on Tuesday and boosted his stake in the company to 33.77% from 15.6%.

Jazz Pharmaceuticals PLC (JAZZ) fell over 3% in the pre-market after it reported Q3 adjusted EPS of $2.57, below consensus of $2.61.

ViaSat (VSAT) is up nearly 3% after it reported Q2 adjusted EPS of 40 cents, higher than consensus of 34 cents.

Globus Medical (GMED) tanked 10% before the open after it lowered guidance on 2016 sales to $560 million from a July 26 view of $575 million, and cut its 2017 sales view to $625 million from a prior view of $640 million.

Multi Packaging Solutions International Ltd. (MPSX) plunged -8% in before the open after it reported Q1 adjusted EPS of 17 cents, weaker than consensus of 24 cents and said it sees a “challenging” first half of 2017.

Viacom (VIA)— is down -3% after the media company reported adjusted quarterly profit of 69 cents per share, four cents above estimates, although revenue missed forecasts. Viacom said ratings at its networks are stabilizing and that movie studio Paramount is developing successful new films.

Norwegian Cruise Line (NCLH) is down 3.5% before the open after the cruise line operator beat estimates by three cents with adjusted quarterly profit of $1.62 per share, with revenue essentially in line. Revenue set a record as the company added new ships, and it issued an outlook mostly above current Street consensus.

Dish Network (DISH) is down 6.5% after the satellite TV operator fell four cents short of estimates with quarterly earnings of 64 cents per share, though revenue was very slightly above forecasts. Dish lost 116,000 paid subscribers during the quarter, fewer than expected.

Wendy’s —The restaurant operator beat estimates by eight cents with quarterly profit of 18 cents per share, and revenue also beat forecasts as North American same-restaurant sales rose 1.4 percent. Wendy’s also raised its full-year forecast.

Source: BarChart, CNBC, FoxBusiness, Bloomberg