Pre-Open Movers 03/09: (APRI) (VVUS) (ELF) Higher; (TLRD) (SPPI) (RATE) Lower (more...)
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Today's Pre-Open Movers
Apricus Biosciences, Inc. (Nasdaq: APRI) 33.8% HIGHER; announced that it completed the sale to Ferring International Center S.A. (Ferring) of Apricus ex-U.S. assets and rights related to Vitaros®, Apricus on-demand topical cream indicated for the treatment of patients with erectile dysfunction pursuant to a definitive agreement with Ferring. Ferring is Apricus existing commercialization partner for Vitaros in Latin America and certain parts of Europe and Asia. Apricus will retain its Vitaros rights in the U.S. and it remains on track to re-submit the Vitaros NDA to the FDA in the third quarter of 2017.
Tailored Brands (NYSE: TLRD) 28.2% LOWER; reported Q4 EPS of ($0.62), $0.50 worse than the analyst estimate of ($0.12). Revenue for the quarter came in at $793.26 million versus the consensus estimate of $811.3 million.
VIVUS (NASDAQ: VVUS) 22% HIGHER; reported Q4 EPS of $0.54, $0.31 better than the analyst estimate of $0.23. Revenue for the quarter came in at $81.8 million versus the consensus estimate of $48.82 million.
e.l.f. Beauty, Inc. (NYSE: ELF) 21.5% HIGHER; reported Q4 EPS of $0.13, $0.01 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $76.4 million versus the consensus estimate of $74.51 million. GUIDANCE: e.l.f. Beauty, Inc. sees FY2017 EPS of $0.40-$0.43, versus the consensus of $0.37. e.l.f. Beauty, Inc. sees FY2017 revenue of $285-295 million, versus the consensus of $281.3 million.
Spectrum Pharma (NASDAQ: SPPI) 9% LOWER; reported Q4 EPS of ($0.10), $0.17 better than the analyst estimate of ($0.27). Revenue for the quarter came in at $32.2 million versus the consensus estimate of $31.13 million.
Bankrate (NYSE: RATE) 8.7% LOWER; reported Q4 EPS of $0.16, $0.03 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $113.6 million versus the consensus estimate of $119.95 million.
Semtech Corporation (Nasdaq: SMTC) 7.9% HIGHER; reported unaudited financial results for its fourth quarter and fiscal year 2017, which ended January 29, 2017. Net sales computed in accordance with U.S. generally accepted accounting principles (GAAP), for fourth quarter and for fiscal year 2017 were $140.0 million and $544.3 million, respectively, after being reduced by $1.7 million and $5.4 million of share-based compensation associated with the previously-announced issuance of a Warrant to Comcast. Excluding the offset associated with the Warrant, net sales were $141.8 million and $549.7 million, respectively (non-GAAP net sales).
Energous (NASDAQ: WATT) 6.9% LOWER; reported Q4 EPS of ($0.75), versus ($0.61) reported last year. Revenue for the quarter came in at $130 thousand, versus $0 reported last year.
Staples (NASDAQ: SPLS) 6% LOWER; reported Q4 EPS of $0.25, $0.01 worse than the analyst estimate of $0.26. Revenue for the quarter came in at $4.6 billion versus the consensus estimate of $5.04 billion.
Comtech Telecom (NASDAQ: CMTL) 4.7% HIGHER; reported Q2 EPS of $0.28, $0.39 better than the analyst estimate of ($0.11). Revenue for the quarter came in at $139 million versus the consensus estimate of $136.1 million.
21Vianet Group (NASDAQ: VNET) 4.3% LOWER; reported Q4 EPS of ($0.07), $0.07 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $129.7 million versus the consensus estimate of $135.99 million.
Marathon Oil Corporation (NYSE: MRO) 4% HIGHER; announced it has signed an agreement to sell its Canadian subsidiary, which includes the Companys 20 percent non-operated interest in the Athabasca Oil Sands Project (AOSP), to Shell and Canadian Natural Resources Limited for $2.5 billion in cash, excluding closing adjustments. Marathon Oil also announced the signing of a definitive agreement to acquire approximately 70,000 net surface acres in the Permian basin from BC Operating, Inc. and other entities for $1.1 billion in cash, excluding closing adjustments. The acquisition includes 51,500 acres in the Northern Delaware basin of New Mexico, and current production of approximately 5,000 net barrels of oil equivalent per day (boed).
BioCryst Pharmaceuticals, Inc. (Nasdaq: BCRX) 3.8% LOWER; announced that it is offering to sell $45.0 million of its common stock in an underwritten public offering. As part of this offering, BioCryst intends to grant the underwriters a 30-day option to purchase up to an additional $6.75 million of its common stock. The offering is subject to market condition.
Planet Fitness, Inc. (NYSE: PLNT) 3.7% LOWER; announced that certain of its existing stockholders intend to offer for sale 15 million shares of its Class A common stock pursuant to a registration statement on Form S-3 filed with the Securities and Exchange Commission.
TG Therapeutics (NASDAQ: TGTX) 3.4% LOWER; announced that it intends to offer and sell, subject to market conditions, shares of its common stock in an underwritten public offering.
Himax Technologies (NASDAQ: HIMX) 2.5% HIGHER; Mizuho Securities upgraded from Neutral to Buy.
Advanced Micro Devices (NASDAQ: AMD) 2% HIGHER; Canaccord Genuity raised its price target to $17.00 (from $14.00) while maintaining a Buy rating.
American International Group (NYSE: AIG) 1.9% HIGHER; said today that Peter D. Hancock, President and Chief Executive Officer, has informed the Board of Directors of his intention to resign. As part of the transition plan, Mr. Hancock will remain as CEO until a successor has been named. The Board of Directors will conduct a comprehensive search for a successor to Mr. Hancock.
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