Pre-Open Movers 12/10: (ASNA) (GNW) (SFIX) Higher; (CONN) (SCYX) (FRAN) Lower (more...)
Today's Pre-Open Movers
Ascena Retail Group (NASDAQ: ASNA) 27% HIGHER; reported Q1 EPS of $0.18, versus ($0.09) reported last year. Revenue for the quarter came in at $1.3 million, versus $1.34 million reported last year.
Conn's (NASDAQ: CONN) 26% LOWER; reported Q3 EPS of $0.61, $0.07 better than the analyst estimate of $0.54. Revenue for the quarter came in at $377.71 million versus the consensus estimate of $394.29 million.
SCYNEXIS, Inc. (NASDAQ : SCYX) 22.3% LOWER; commenced an underwritten public offering of shares of its common stock and warrants. In addition, SCYNEXIS expects to grant the underwriter a 30-day option to purchase up to an additional 15% of the shares of common stock and warrants being offered on the same terms and conditions. All of the shares of common stock and warrants in the offering will be sold by SCYNEXIS. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed or as to the actual size or terms of the offering.
Francesca's (NASDAQ: FRAN) 20.3% LOWER; reported Q3 EPS of ($1.12), versus ($2.08) reported last year. Revenue for the quarter came in at $95.5 million, versus $95.36 million reported last year. The Board of Directors has hired an executive search firm to initiate a formal search for a permanent Chief Executive Officer. Michael Prendergast will remain interim Chief Executive Officer during this process and will continue to be engaged with the Company through a reasonable transition period once a new Chief Executive Officer is hired.
Designer Brands Inc. (NYSE: DBI) 17.7% LOWER; reported Q3 EPS of $0.67, $0.09 worse than the analyst estimate of $0.76. Revenue for the quarter came in at $936.3 million versus the consensus estimate of $938.59 million. Comparable sales increased 0.3%, delivering a two-year comparable sales increase of 7.6%. Designer Brands Inc. sees FY2019 EPS of $1.50-$1.55, versus the consensus of $1.88.
Genworth Financial, Inc. (NYSE: GNW) 10% HIGHER; Genworth Financial and Brookfield Business Partners (NYSE: BBU) (TSX: BBU.UN) today announced that Brookfield Business Partners together with its institutional partners has received approval under the Insurance Companies Act (Canada) to purchase Genworth's majority interest in Genworth MI Canada Inc. (Genworth Canada). With the receipt of this approval, all regulatory approvals required for the completion of this transaction have now been obtained. The parties expect to complete the Genworth Canada transaction on December 12, 2019.
Stitch Fix (NASDAQ: SFIX) 9% HIGHER; reported Q1 EPS of $0.00, $0.06 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $44.8 million versus the consensus estimate of $441 million.
Avid Bioservices (NASDAQ: CDMO) 7.4% HIGHER; First Analysis upgraded from Outperform to Strong Buy.
MongoDB (NASDAQ: MDB) 5.8% HIGHER; reported Q3 EPS of ($0.26), $0.02 better than the analyst estimate of ($0.28). Revenue for the quarter came in at $109.4 million versus the consensus estimate of $99.79 million. MongoDB sees Q4 2020 EPS of ($0.29)-($0.27), versus the consensus of ($0.30). MongoDB sees Q4 2020 revenue of $109-111 million, versus the consensus of $105.48 million. MongoDB sees FY2020 EPS of ($1.04)-($1.02), versus the consensus of ($1.07). MongoDB sees FY2020 revenue of $407.2-409.2 million, versus the consensus of $394.17 million.
Livongo Health, Inc. (Nasdaq: LVGO) 5.4% LOWER; commencement of an underwritten public offering of 2,777,327 shares of common stock by certain selling stockholders. Such selling stockholders also intend to grant the underwriters a 30-day option to purchase up to an additional 416,598 shares of common stock at the public offering price, less underwriting discounts and commissions. Livongo will not receive any of the proceeds from the proposed sale of the shares of its common stock being offered by the selling stockholders, and will bear the costs associated with the cost of such transaction, other than underwriting discounts and commissions. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the proposed offering may be completed.
AutoZone (NYSE: AZO) 5.3% HIGHER; reported Q1 EPS of $14.30, may not compare to the analyst estimate of $13.77. Revenue for the quarter came in at $2.8 billion versus the consensus estimate of $2.77 billion. 1st Quarter Same Store Sales Increase 3.4%
Regeneron (NASDAQ: REGN) 4% LOWER; Sanofi (NASDAQ: SNY) to Stop Research in Diabetes, Cardiovascular Diseases, May Sell Regeneron (NASDAQ: REGN) Stake - Reports
Avid Bioservices (NASDAQ: CDMO) 3.6% HIGHER; reported Q1 EPS of ($0.03), $0.02 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $18.3 million versus the consensus estimate of $14.25 million.
Redfin Corp. (NASDAQ: RDFN) 3.5% HIGHER; DA Davidson upgraded from Neutral to Buy with a price target of $25.00 (from $18.50).
Vail Resorts (NYSE: MTN) 3.5% HIGHER; reported Q1 EPS of ($2.64), $0.33 better than the analyst estimate of ($2.97). Revenue for the quarter came in at $267.8 million versus the consensus estimate of $257.66 million.
Agilent Technologies (NYSE: A) 3.5% HIGHER; In an amended 13F filing with the SEC, Bill Ackman's Pershing Square Capital hedge fund disclosed a new stake in Agilent Technologies (NYSE: A). The firm owned 2,916,103 shares at the end of September.
Constellation Pharmaceuticals, Inc., (Nasdaq: CNST) 3.2% LOWER; Announced that it has commenced an underwritten public offering of 4.75 million shares of its common stock. All of the shares are being offered by Constellation. In addition, Constellation expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of its common stock sold in the public offering.
Arbor Realty Trust, Inc. (NYSE: ABR) 3% LOWER; announced today that it plans to make a public offering of 6,000,000 shares of its common stock. In connection with the offering, the Company intends to grant the underwriters a 30-day option to purchase up to an additional 900,000 shares of its common stock.
NortonLifeLock Inc. (NASDAQ: NLOK) 2.8% HIGHER; has attracted deal interest from a handful of companies including rival McAfee, the company owned by Intel (NASDAQ: INTC) and private equity firms TPG and Thoma Bravo, according to a report earlier in the Wall Street Journal.
Church & Dwight Co. Inc. (NYSE: CHD) 2.1% LOWER; JPMorgan downgraded from Neutral to Underweight with a price target of $65.00 (from $74.00).
