After-Hours Movers 10/02: (ECYT) (LVLT) Higher; (TTS) (CPE) (TSLA) Lower (more...)

October 2, 2017 6:06 PM EDT

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Today's After-Hours Movers

Tile Shop Holdings, Inc. (NASDAQ: TTS) 22.4% LOWER; Net sales is expected to grow approximately 7% to approximately $84 million for the third quarter ended September 30, 2017 compared with $78.6 million for the third quarter ended September 30, 2016. Comparable store sales growth for the third quarter is expected to approximate 1%. Comparable store sales growth for the third quarter of 2016 was 5.7%. Gross margin for the third quarter of 2017 is expected to be approximately 66 to 67% compared with 70.2% for the third quarter of 2016. Selling, general and administrative costs for the third quarter of 2017 are expected to be approximately $52 million compared with $47.4 million for the third quarter of 2016 (Street sees Q3 revenue of $87.17 million). The Company notes that its prior expectations for the full year ending December 31, 2017 provided on July 18, 2017 are no longer applicable.

Endocyte (NASDAQ: ECYT) 17.6% HIGHER; adds to today's 157% intra-day gains on a new licensing deal which analysts called 'transformative'

Level 3 Communications, Inc. (NYSE: LVLT) 3.6% HIGHER; The U.S. Department of Justice has agreed to clear CenturyLink, Inc.'s (NYSE: CTL) pending acquisition of Level 3 Communications, Inc. (NYSE: LVLT) subject to conditions outlined in a consent decree, including court approval of certain provisions. The acquisition remains subject to regulatory approval from the Federal Communications Commission and the California Public Utilities Commission, along with other customary closing conditions.

Callon Petroleum Company (NYSE: CPE) 2.7% LOWER; announced a revised production guidance range of 22,450 to 22,600 barrels of oil equivalent per day ("Boe/d") for the third quarter of 2017, reduced from a previous guidance range of 23,000 to 25,000 Boe/d. Prior guidance of 77% oil production and estimates for expenses and operational capital expenditures for the third quarter are unchanged.

Tesla (Nasdaq: TSLA) 1.6% LOWER; delivered 26,150 vehicles in Q3, of which 14,065 were Model S, 11,865 were Model X, and 220 were Model 3. This was our all-time best quarter for Model S and X deliveries, representing a 4.5% increase over Q3 2016, our previous best quarter, and a 17.7% increase over Q2 2017. Q3 production totaled 25,336 vehicles, with 260 of them being Model 3. Model 3 production was less than anticipated due to production bottlenecks.

Roku (NASDAQ: ROKU) 1.7% LOWER; recent hot IPO continues intra-day move lower



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