Pre-Open Stock Movers 01/10: (DCIX) (VERI) (BBBY) Higher; (M) (MDB) (KSS) Lower (more...)

January 10, 2019 9:29 AM EST

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Today's Pre-Open Movers

Diana Containerships Inc. (NASDAQ: DCIX) 47% HIGHER; announced that its Board of Directors authorized a share repurchase program to purchase up to an aggregate of US$6.0 million of the Company’s common shares, of which 14,939,602 are currently issued and outstanding.

Veritone, Inc. (NASDAQ: VERI) 19.7% HIGHER; today reported that it now expects its net revenues for its fourth quarter ended December 31, 2018 to be in the range of $10.7 million to $10.9 million, up from the range of $9.3 million to $9.7 million provided by the Company originally. Net revenues at the midpoint of this range would represent an increase of 209% over the Companys net revenues of $3.5 million in the fourth quarter of 2017, and would be a record quarterly level for the Company. (**Street sees Q4 revenue of $9.49 million).

Macy's (NYSE: M) 18% LOWER; Company Owned Comps Increase 0.7%, Cuts FY EPS Guidance

Cancer Genetics, Inc. (Nasdaq: CGIX) 14.3% LOWER; announced that it intends to offer and sell, subject to market and other conditions, shares of its common stock in an underwritten public offering.

MongoDB (NASDAQ: MDB) 12.2% LOWER; Amazon (NASDAQ: AMZN) launched Amazon DocumentDB, with MongoDB compatibility.

Kohls Corporation (NYSE: KSS) 9.8% LOWER; reported comparable sales for November and December 2018 combined (the Holiday period). On a shifted basis, which compares the nine weeks ended January 5, 2019 and January 6, 2018, comparable sales for the Holiday period increased 1.2%

Uxin Ltd. (NASDAQ: UXIN) 9% HIGHER; JPMorgan upgraded from Neutral to Overweight with a price target of $7.00 (from $7.40).

Zumiez Inc. (NASDAQ: ZUMZ) 8.1% HIGHER; announced, that total net sales for the five-week period ended January 5, 2019 increased 2.9% to $164.6 million, compared to $160.0 million for the five-week period ended December 30, 2017. The Company's comparable sales increased 4.9% for the five-week period ended January 5, 2019 compared to a comparable sales increase of 7.9% for the five-week period ended December 30, 2017. Based primarily on stronger than expected quarter-to-date sales, the Company is increasing guidance and now expects fiscal 2018 fourth quarter comparable sales growth of approximately 3%, and earnings per share between $1.08 and $1.10. This compares to the previous guidance for comparable sales growth between 0% and 2%, and earnings per share between $1.02 and $1.08. (**Street sees Q4 EPS $1.06).

Bed Bath & Beyond (NASDAQ: BBBY) 7.7% HIGHER; reported Q3 EPS of $0.18, $0.01 better than the analyst estimate of $0.17. Revenue for the quarter came in at $3 billion versus the consensus estimate of $3.04 billion. Bed Bath & Beyond sees FY2018 EPS of $2.00, versus the consensus of $1.99. The company said Y19 net EPS will be about Same as FY18, which is above the consensus.

L Brands, Inc. (NYSE: LB) 7.4% LOWER; reported net sales of $2.477 billion for the five weeks ended Jan. 5, 2019, compared to net sales of $2.516 billion for the five weeks ended Dec. 30, 2017. Comparable sales were flat for the five weeks ended Jan. 5, 2019, compared to the five weeks ended Jan. 6, 2018.

Nordstrom, Inc. (NYSE: JWN) 7.1% LOWER; retailers weak after holiday results

JetBlue Airways (NASDAQ: JBLU) 6.2% LOWER; JPMorgan downgraded J from Overweight to Neutral with a price target of $18.00 (from $20.00).

KB Home (NYSE: KBH) 4.9% HIGHER; reported Q4 EPS of $0.96, $0.02 better than the analyst estimate of $0.94. Revenue for the quarter came in at $1.35 billion versus the consensus estimate of $1.35 billion

Volt Information Sciences (NYSE: VISI) 3.8% HIGHER; reported Q4 EPS of ($0.14), versus ($0.54) reported last year. Revenue for the quarter came in at $264.8 million versus the consensus estimate of $288.48 million.

Southwest (NYSE: LUV) 3.3% LOWER; Cowen downgraded from Outperform to Market Perform with a price target of $54.00 (from $65.00).

Twitter, Inc. (NYSE: TWTR) 2.6% HIGHER; BofA/Merrill Lynch upgraded from Underperform to Buy with a price target of $39.00.

Target (NYSE: TGT) 2.6% LOWER; November/December Comps Increase 5.7%, Maintains EPS Guidance, CFO to Retire

WD-40 Co. (NASDAQ: WDFC) 2% LOWER; reported Q1 EPS of $0.95, in-line with the analyst estimate of $0.95. Revenue for the quarter came in at $101.3 million versus the consensus estimate of $99.1 million. The Company reaffirmed its guidance for fiscal year 2019.



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