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

ByGary Kaltbaum

Twitter (TWTR) rose 3% in pre-market trading after it was upgraded to ‘Buy’ from ‘Neutral’ at BTIG LLC with a $25 price target.

Disney (DIS) fell 1% in after-hours trading after it reported Q1 revenue of $14.8 billion, below consensus of $15.3 billion.

Cooper Tire & Rubber (CTB) gained more than 3% in after-hours trading after it was named to replace ComScore in the S&P 400 Midcap index as of the close of trading Friday, Feb 10.

Akamai Technologies (AKAM) dropped 3% in after-hours trading after it projected Q1 revenue of $596 million-$610 million, the midpoint below consensus of $604.8 million.

Buffalo Wild Wings (BWLD) fell nearly 4% in after-hours trading after it forecast 2017 EPS of $5.60 to $6.00, well below consensus of $6.47.

Panera Bread (PNRA) gained 2% in after-hours trading after it reported Q4 adjusted EPS of $2.05, better than consensus of $2.00.

Gilead Sciences (GILD) slid 5% in after-hours trading after it said it expects 2017 sales of $22.5 billion to $24.5 billion, below consensus of $27.9 billion.

Coherent (COHR) surged 14% in after-hours trading after it reported Q1 net sales of $346.1 million, well above consensus of $216.2 million.

DR Horton (DHI) was rated a new ‘Buy at BTIG LLC with a 12-month target price of $38.

Lennar (LEN) was rated a new ‘Buy’ at BTIG LLC with a 12-month target price of $56.

Urban Outfitters (URBN) lost nearly 3% in after-hours trading after it reported Q4 net sales of $1.03 billion, below consensus of $1.04 billion.

Tucows (TCX) slumped 13% in after-hours trading after it reported Q4 revenue of $48.8 million, below consensus of $50.4 million.

Pier1 Imports (PIR) rose almost 4% in after-hours trading after it reported comparable sales in the quarter to date through Jan were up +0.6%.

Coherus Biosciences (CHRS) dropped 6% in after-hours trading after it announced a public offering of $125 million of common stock.

Jive Software (JIVE) jumped over 7% in after-hours trading after it said it sees Q1 adjusted EPS of 4 cents to 5 cents, above consensus of 3 cents.

Genworth Financial (GNW) fell 5% in after-hours trading after it reported an unexpected -27 cent loss per share, weaker than consensus of 19 cents EPS.

Source: FoxBusiness, Barchart, Bloomberg, Reuters