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

Goldman Sachs (GS) fell 2% in pre-market trading after it reported Q4 EPS of $5.08, higher than consensus of $4.84, but said Q4 equities and trading revenue was $1.59 billion, below consensus of $1.61 billion.

Wells Fargo (WFC) was downgraded to ‘Hold’ from ‘Buy’ at Argus.

McKesson (MCK) was upgraded to ‘Market Outperform’ from ‘Market Perform’ at Avondale Partners LLC with a 12-month target price of $193.

Hancock Holding (HBHC) reported Q4 EPS of 64 cents, stronger than consensus of 61 cents.

Linear Technology (LLTC) reported Q2 revenue of $375.8 million, higher than consensus of $373.8 million.

HP Enterprise (HPE) bought Simplivity for $650 million in cash.

Toys R Us (TOY) reported that same-store comparable sales for the 9-week period ended December 31, fell =3.4%.

San Francisco Fed President Williams (non-voter) said more gradual interest rate increases will likely be needed, given a “strong” U.S. economy that’s reached full employment with inflation approaching 2%.

United Continental Holdings (UAL) lost over 1% in after-hours trading after it forecast Q1 Prasm growth of down -1% to up +1%, weaker than consensus of up +0.5% to +1.5%.

CSX Corp. (CSX) dropped 3% in after-hours trading after it reported Q4 EPS of 49 cents, below consensus of 50 cents.

Neurocrine Biosciences (NBIX) fell nearly 5% in after-hours trading after it said a Phase II clinical study of its Ingrezza to treat adults with Tourette syndrome did not meet its pre-specified primary endpoint.

Jazz Pharmaceuticals (JAZZ) slid 4% in after-hours trading after the U.S. FDA said it approved the first generic version of Jazz’s Xyrem drug to treat patients with narcolepsy.

Teladoc (TDOC) dropped 5% in after-hours trading after certain stock holders are reportedly offering to sell 7.25 million shares of stock.

Interactive Brokers Group (IBKR) fell over 2% in after-hours trading after it reported an unexpected Q4 comprehensive loss of -5 cents a share, much weaker than consensus for Q4 adjusted EPS to climb 35 cents.

Shiloh Industries (SHLO) jumped 11% in after-hours trading after it reported Q4 adjusted EPS of 50 cents, well above consensus of 18 cents.

Almost Family (AFAM) sank 9% in after-hours trading after it announced a proposed underwritten public offering of 2.5 million shares of common stock.

Gigamon (GIMO) plunged over 20% in after-hours trading after it reported preliminary Q4 revenue of $84.5 million-$85 million, below consensus of $92.2 million.

Source: FoxBusiness, BarChart, CNBC, Bloomberg, Reuters