Pre-Open Stock Movers 10/28: (SMCI) (GIMO) (BHI) Higher; (SNMX) (MCK) (SYNA) Lower (more...)

October 28, 2016 9:24 AM EDT

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Today's Pre-Open Stock Movers

Senomyx (NASDAQ: SNMX) 43% LOWER; On October 25, 2016, PepsiCo informed Senomyx that it will not be proceeding with a national launch of the reformulated version of Mug Root BeerĀ® containing Sweetmyx S617. However, PepsiCo will continue to sell the reformulated version of Manzanita SolĀ® containing Sweetmyx S617 throughout the United States.

Corindus Vascular Robotics (NYSE: CVRS) 38% HIGHER; announced today that it has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for its CorPath GRX, the second generation of its CorPath Vascular Robotic System. Corindus expects to commence commercialization of CorPath GRX in the first quarter of 2017.

YRC Worldwide (NASDAQ: YRCW) 17% LOWER; reported Q3 EPS of $0.42, $0.11 worse than the analyst estimate of $0.53. Revenue for the quarter came in at $1.22 billion versus the consensus estimate of $1.23 billion.

McKesson (NYSE: MCK) 16.7% LOWER; reported Q2 EPS of $2.94, $0.11 worse than the analyst estimate of $3.05. Revenue for the quarter came in at $50 billion versus the consensus estimate of $51.21 billion. McKesson sees FY2017 EPS of $12.35-$12.85, versus the consensus of $13.59.

Synaptics (NASDAQ: SYNA) 12.1% LOWER; reported Q1 EPS of $0.96, $0.04 worse than the analyst estimate of $1.00. Revenue for the quarter came in at $386.2 million versus the consensus estimate of $372.65 million.

Super Micro Computer (NASDAQ: SMCI) 12% HIGHER; reported Q1 EPS of $0.26, $0.07 better than the analyst estimate of $0.19. Revenue for the quarter came in at $529 million versus the consensus estimate of $503.64 million.

Century Aluminum Co (NASDAQ: CENX) 12% LOWER; reported Q3 EPS of ($0.31), $0.32 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $333.7 million versus the consensus estimate of $331.2 million.

A10 Networks (NYSE: ATEN) 10.9% LOWER; reported Q3 EPS of $0.00, $0.01 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $55.1 million versus the consensus estimate of $59.26 million.

Gigamon, Inc. (NYSE: GIMO) 10.8% HIGHER;reported Q3 EPS of $0.36, $0.05 better than the analyst estimate of $0.31. Revenue for the quarter came in at $83.5 million versus the consensus estimate of $79.56 million.

LogMeIn (NASDAQ: LOGM) 6.7% HIGHER; reported Q3 EPS of $0.56, $0.03 better than the analyst estimate of $0.53. Revenue for the quarter came in at $85.1 million versus the consensus estimate of $84.29 million.

Baker Hughes (NYSE: BHI) 6.7% HIGHER; reports from the Wall Street Journal General Electric (NYSE: GE) was in talks to acquire the company. It was later learned that the talks only involved a partnership.

Cirrus Logic, Inc. (NASDAQ: CRUS) 6.6% HIGHER; reported Q2 EPS of $1.35, $0.30 better than the analyst estimate of $1.05. Revenue for the quarter came in at $428.6 million versus the consensus estimate of $396.75 million. Cirrus Logic, Inc. sees Q3 2017 revenue of $475-515 million, versus the consensus of $440.9 million.

Mellanox Technologies (NASDAQ: MLNX) 6% LOWER; reported Q3 EPS of $0.93, $0.01 better than the analyst estimate of $0.92. Revenue for the quarter came in at $224.2 million versus the consensus estimate of $224.15 million. Mellanox Technologies sees Q4 2016 revenue of $222-228 million, versus the consensus of $233.8 million.

On Assignment (NYSE: ASGN) 6% LOWER; reported Q3 EPS of $0.55, $0.29 worse than the analyst estimate of $0.84. Revenue for the quarter came in at $629.4 million versus the consensus estimate of $624.64 million.

HanesBrands (NYSE: HBI) 5.9% HIGHER; reported Q3 EPS of $0.56, in-line with the analyst estimate of $0.56. Revenue for the quarter came in at $1.76 billion versus the consensus estimate of $1.76 billion. GUIDANCE: HanesBrands sees Q4 2016 EPS of $0.57-$0.60, versus the consensus of $0.59. HanesBrands sees Q4 2016 revenue of $1.7-1.73 billion, versus the consensus of $1.68 billion.

Amazon.com (NASDAQ: AMZN) 5.2% LOWER; reported Q3 EPS of $0.52, $0.26 worse than the analyst estimate of $0.78. Revenue for the quarter came in at $32.7 billion versus the consensus estimate of $32.69 billion. Amazon.com sees Q4 2016 revenue of $42-45.5 billion, versus the consensus of $44.6 billion.

Marvell Technology (NASDAQ: MRVL) 4.8% HIGHER; close to hiring Goldman Sachs as an adviser after replacing its CEO and rejecting bids from a Chinese investor group, according to Bloomberg, citing people with knowledge of the matter. The company was approached by Montage Technology Group, the report said.

Cypress Semiconductor (NASDAQ: CY) 3.4% HIGHER; reported Q3 EPS of $0.15, $0.01 better than the analyst estimate of $0.14. Revenue for the quarter came in at $523.8 million versus the consensus estimate of $525.03 million. Cypress Semiconductor sees Q4 2016 EPS of $0.12-$0.16, versus the consensus of $0.13. Cypress Semiconductor sees Q4 2016 revenue of $510-540 million, versus the consensus of $516.7 million.

Acacia Research (NASDAQ: ACTG) 2.4% HIGHER; reported Q3 EPS of $0.31, $0.25 better than the analyst estimate of $0.06. Revenue for the quarter came in at $64.6 million versus the consensus estimate of $25.98 million.



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