Pre-Open Movers 05/23: (NETS) (AVP) (LB) Higher; (ONVO) (SINA) (AKS) (more...)

May 23, 2019 9:27 AM EDT
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Price: $3.70 --0%

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Today's Pre-Open Movers

Netshoes (NYSE: NETS) 39.6% HIGHER; Centauro Offers $2.80/Share to Acquire

Organovo (NASDAQ: ONVO) 16.6% LOWER; says preclinical development will be extended into calendar 2020

Avon Products, Inc. (NYSE: AVP) 10.6% HIGHER; Natura &Co (B3: NATU3) announces that it is acquiring Avon Products, Inc. (NYSE: AVP) in an all-share transaction at an enterprise value of US$3.7 billion.

Sina Corp (NASDAQ: SINA) 9.3% LOWER; reported Q1 EPS of $0.40, $0.02 worse than the analyst estimate of $0.42. Revenue for the quarter came in at $475.1 million versus the consensus estimate of $473.18 million.

L Brands (NYSE: LB) 7.4% HIGHER; reported Q1 EPS of $0.14, versus $0.00 reported last year. Revenue for the quarter came in at $2.63 billion versus the consensus estimate of $2.56 billion. Comparable sales for the first quarter ended May 4, 2019, were flat compared to the quarter ended May 5, 2018. First quarter comparable sales declined 5 percent at the Victoria’s Secret segment and increased 13 percent at Bath & Body Works. L Brands sees Q2 2019 EPS of $0.15-$0.20, versus the consensus of $0.23. L Brands sees FY2019 EPS of $2.30-$2.60, from $2.20 to $2.60 and versus the consensus of $2.39.

AK Steel (NYSE: AKS) 6.9% LOWER; Credit Suisse downgraded from Outperform to Underperform with a price target of $1.00 (from $3.50).

NetApp (NASDAQ: NTAP) 6.4% LOWER; reported Q4 EPS of $1.22, $0.04 worse than the analyst estimate of $1.26. Revenue for the quarter came in at $1.59 billion versus the consensus estimate of $1.65 billion. NetApp sees Q1 2020 EPS of $0.78-$0.86, versus the consensus of $1.05. NetApp sees Q1 2020 revenue of $1.315-1.465 billion, versus the consensus of $1.5 billion. Iovance Biotherapeutics, Inc. (NASDAQ: IOVA) 5.5% HIGHER; announced that the U.S. Food and Drug Administration (FDA) has granted Breakthrough Therapy designation to Iovance TIL therapy candidate LN-145 in recurrent, metastatic, or persistent cervical cancer with disease progression on or after chemotherapy.

Vipshop Holdings (NYSE: VIPS) 5.5% HIGHER; reported Q1 EPS of $0.19, $0.04 better than the analyst estimate of $0.15. Revenue for the quarter came in at $3.2 billion versus the consensus estimate of $2.97 billion.

BJ's Wholesale Club (NYSE: BJ) 4.2% HIGHER; reported Q1 EPS of $0.26, $0.02 better than the analyst estimate of $0.24. Revenue for the quarter came in at $3.14 billion versus the consensus estimate of $3.12 billion.

Chipotle Mexican Grill (NYSE: CMG) 3.4% LOWER; BMO Capital downgraded from Market Perform to Underperform with a price target of $620.00 (from $675.00).

Shoe Carnival (NASDAQ: SCVL) 2.7% LOWER; reported Q1 EPS of $0.91, $0.07 better than the analyst estimate of $0.84. Revenue for the quarter came in at $253.8 million versus the consensus estimate of $258.9 million. Shoe Carnival sees FY2019 EPS of $2.73-$2.83, versus the consensus of $2.66. Shoe Carnival sees FY2019 revenue of $1.035-1.043 billion, versus the consensus of $1.04 billion.



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