Pre-Open Movers 01/10: (AMRH) (KODK) (HMNY) Higher; (APHB) (SVU) (DPZ) Lower (more...)

January 10, 2018 9:27 AM EST

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Today's Pre-Open Movers

AMERI Holdings (NASDAQ: AMRH) 110.5% HIGHER; announced that it intends to expand its service offering with blockchain functionality designed to transform its customers' approach to supply chain management by delivering greater transparency and accountability at every step of a customer's supply chain. The Company will develop its expanded offering through the establishment of an in-house blockchain practice, the formation of new strategic partnerships with blockchain technology companies and the acquisition of startup companies that offer blockchain functionality.

Kodak (NYSE: KODK) 75% HIGHER; Adds to Thursday's big gains after the company and WENN Digital, in a licensing partnership, announced the launch of the KODAKOne image rights management platform and KODAKCoin, a photo-centric cryptocurrency to empower photographers and agencies to take greater control in image rights management.

Helios and Matheson (NASDAQ: HMNY) 42.5% HIGHER; Trades tied the move to comments from the company's CEO yesterday to Yahoo finance regarding a possible Moviepass ICO

tandem Diabetes Care, Inc. (NASDAQ: TNDM) 22.4% HIGHER; reported select, unaudited and preliminary results for the year and quarter ended December 31, 2017. In comparing the fourth quarter of 2017 to the same period of 2016:
Non-GAAP sales increased to approximately $39 million to $40 million (Street sees Q4 revenue of $34.4 million).

VOXX Int'l (NASDAQ: VOXX) 21% HIGHER; reported Q3 EPS of $0.35, $0.21 better than the analyst estimate of $0.14. Revenue for the quarter came in at $156.6 million versus the consensus estimate of $151 million.

Vince Holding Corp. (NYSE: VNCE) 19% HIGHER; announced that the Company’s full-price stores and eCommerce business combined delivered a comparable sales increase of 15.9% for the nine-week period ended December 30, 2017. Total direct-to-consumer comparable sales, inclusive of Company-owned outlets, increased 8.8% for the nine-week period. In addition, merchandise margin for the direct-to-consumer segment slightly increased as compared to the same period last year as a result of improved full price sell-through. Wholesale segment shipments were down slightly during the nine-week period ended December 30, 2017 as compared to the same period last year, largely as a result of the timing of shipments.

AmpliPhi Biosciences Corporation (NYSE: APHB) 16.7% LOWER; announced that it intends to offer shares of its common stock in a public offering. H.C. Wainwright & Co., LLC is acting as the placement agent for the offering.

SUPERVALU (NYSE: SVU) 9% LOWER; reported Q3 EPS of $0.61, $0.14 better than the analyst estimate of $0.47. Revenue for the quarter came in at $3.94 billion versus the consensus estimate of $4.01 billion.

Ocean Rig UDW (NASDAQ: ORIG) 8.8% HIGHER; Said to Work with Credit Suisse to Explore Sale - Bloomberg

Sears Holdings Corporation (NASDAQ: SHLD) 8.6% HIGHER; announced today it has raised $100 million in new financing and is pursuing an additional $200 million from other counterparties. In addition, Sears Holdings has amended its existing second lien notes, maturing October 15, 2018, to increase their borrowing base advance rate for inventory and defer their collateral coverage test and restart it with the second quarter of 2018, and is in discussions with certain lenders regarding additional transactions to improve the terms on potentially more than $1 billion of its non-first lien debt. The Company also outlined incremental actions to further streamline its operations to drive profitability, including cost reductions of $200 million on an annualized basis in 2018 unrelated to store closures.

IMAX Corporation (NYSE: IMAX) 8.3% LOWER; Piper Jaffray downgraded from Overweight to Neutral with a price target of $21.00 (from $28.00).

WD-40 Co. (NASDAQ: WDFC) 4.8% HIGHER; reported Q1 EPS of $0.90, $0.07 better than the analyst estimate of $0.83. Revenue for the quarter came in at $97.6 million versus the consensus estimate of $93 million.

Domino's (NYSE: DPZ) 4% LOWER; President and Chief Executive Officer J. Patrick Doyle announced today his intention to depart Domino's (NYSE: DPZ) on June 30 after more than eight years at the helm of what is now the world leader in pizza. At the same time, Domino's Board of Directors announced the promotion of Richard Allison, 50, President of Domino's International, to the role of Chief Executive Officer, succeeding Doyle; and the promotion of Russell Weiner, 49, President of Domino's USA, to the newly-created role of Chief Operating Officer of Domino's and President of the Americas. Both appointments will be effective as of July 1, 2018.

SYNNEX Corp. (NYSE: SNX) 2.7% LOWER; reported Q4 EPS of $2.79, $0.11 better than the analyst estimate of $2.68. Revenue for the quarter came in at $5.31 billion versus the consensus estimate of $4.86 billion. GUIDANCE: SYNNEX Corp. sees Q1 2018 EPS of $2.06-$2.15, versus the consensus of $2.10. SYNNEX Corp. sees Q1 2018 revenue of $4.35-4.55 billion, versus the consensus of $4.28 billion.

Workday (NASDAQ: WDAY) 2.4% HIGHER; Morgan Stanley upgraded from Equalweight to Overweight with a price target of $145.00 (from $108.00).

United Airlines (UAL) 2.2% HIGHER; today reported December 2017 operational results. UAL's December 2017 consolidated traffic (revenue passenger miles) increased 2.7 percent and consolidated capacity (available seat miles) increased 3.7 percent versus December 2016. UAL's December 2017 consolidated load factor decreased 0.8 points compared to December 2016.

Financial Engines (NASDAQ: FNGN) 2% LOWER; Block of Shares Said Offered at $28.70-$29 - Bloomberg

Cloudera (NYSE: CLDR) 1.5% HIGHER; Mizuho Securities upgraded from Neutral to Buy with a price target of $21.00 (from $18.00).

Nordstrom, Inc. (NYSE: JWN) 1.2% LOWER; announced an increase in its net sales of 2.5 percent and an increase in comparable sales of 1.2 percent for the nine weeks ended December 30, 2017, compared with the same period last year. This reflected an improvement in Nordstrom full-line and Nordstrom Rack stores relative to year-to-date sales trends and continued growth in e-commerce at Nordstrom.com and Nordstromrack.com/HauteLook. Based on holiday results, the Company has updated its fiscal 2017 expectations for an increase in net sales of approximately 4.2 percent, inclusive of the 53rd week, and an increase in comparable sales of approximately 0.5 percent. Nordstrom expects full-year earnings per diluted share to be in a range of $2.90 to $2.95, compared with its prior outlook of $2.85 to $2.95. This reflects sales performance near the high end of the Company’s outlook range, continued stability in merchandise margins and expected deleverage from higher supply chain, technology, and occupancy expenses associated with Nordstrom’s growth initiatives. The Company’s updated outlook does not incorporate the potential impact of federal tax reform.

Applied Optoelectronics (NASDAQ: AAOI) 0.7% LOWER; B.Riley/FBR initiates coverage with a Neutral rating and a price target of $38.00.



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