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Pre-Open Stock Movers 07/22: (NAVI) (BNTX) (WTRH) Higher; (CASI) (SNAP) (COF) Lower (more...)

July 22, 2020 9:23 AM

Pre-Open Stock Movers

CASI Pharmaceuticals, Inc. (Nasdaq: CASI) 11.7% LOWER; announced that it has commenced an underwritten public offering, subject to market and other conditions, to issue and sell shares of its common stock.

Navient (NASDAQ: NAVI) 11% HIGHER; reported Q2 EPS of $0.92, $0.46 better than the analyst estimate of $0.46.

BioNTech SE (Nasdaq: BNTX) 8.6% HIGHER; Pfizer Inc. (NYSE: PFE) and BioNTech SE (Nasdaq: BNTX) today announced the execution of an agreement with the U.S. Department of Health and Human Services and the Department of Defense to meet the U.S. governments Operation Warp Speed program goal to begin delivering 300 million doses of a vaccine for COVID-19 in 2021. Under the agreement, the U.S. government will receive 100 million doses of BNT162, the COVID-19 vaccine candidate jointly developed by Pfizer and BioNTech, after Pfizer successfully manufactures and obtains approval or emergency use authorization from U.S. Food and Drug Administration (FDA).

Waitr Holdings (NASDAQ: WTRH) 7.2% HIGHER; B.Riley/FBR initiates coverage on with a Buy rating and a price target of $8.00.

AAR Corp. (NYSE: AIR) 6.9% HIGHER; reported Q4 EPS of $0.26, $0.49 better than the analyst estimate of ($0.23). Revenue for the quarter came in at $416.6 million versus the consensus estimate of $351.85 million.

Snap (NYSE: SNAP) 6.9% LOWER; reported Q2 EPS of ($0.09), in-line with the analyst estimate of ($0.09). Revenue for the quarter came in at $454 million versus the consensus estimate of $438.09 million. Daily Active Users increased 17% year-over-year to 238 million.

Costamare Inc. (NYSE: CMRE) 6.1% HIGHER; Stifel upgraded from Hold to Buy with a price target of $8.00 (from $6.50).

HCA Holdings (NYSE: HCA) 6% HIGHER; reported Q2 EPS of $3.23, $3.74 better than the analyst estimate of ($0.51). Revenue for the quarter came in at $11.07 billion versus the consensus estimate of $9.91 billion.

Pfizer Inc. (NYSE: PFE) 5.5% HIGHER; Pfizer and BioNTech SE (Nasdaq: BNTX) today announced the execution of an agreement with the U.S. Department of Health and Human Services and the Department of Defense to meet the U.S. governments Operation Warp Speed program goal to begin delivering 300 million doses of a vaccine for COVID-19 in 2021. Under the agreement, the U.S. government will receive 100 million doses of BNT162, the COVID-19 vaccine candidate jointly developed by Pfizer and BioNTech, after Pfizer successfully manufactures and obtains approval or emergency use authorization from U.S. Food and Drug Administration (FDA).

Bed Bath & Beyond Inc. (Nasdaq: BBBY) 5% HIGHER; Bed Bath & Beyond and 1-800-FLOWERS.COM, Inc. (Nasdaq: FLWS) today announced that the companies have entered into a settlement agreement with respect to the litigation relating to the previously announced sale of PersonalizationMall.com.

Capital One Financial (NYSE: COF) 5% LOWER; reported Q2 EPS of ($1.61), $0.07 better than the analyst estimate of ($1.68). Revenue for the quarter came in at $6.6 billion versus the consensus estimate of $6.83 billion.

Best Buy Co., Inc. (NYSE: BBY) 4.6% HIGHER; announced updates related to employee pay evolution and Q2 FY21 quarter-to-date sales performance. Increasing Starting Hourly Wage to $15 on Aug. 2; Quarter-to-Date Sales Up Approximately 2.5% Compared to Last Year; Sales Up Approximately 15% Compared to Last Year Since Stores Re-opened for Customer Shopping

Teradyne (NASDAQ: TER) 4.1% HIGHER; reported Q2 EPS of $1.33, $0.30 better than the analyst estimate of $1.03. Revenue for the quarter came in at $839 million versus the consensus estimate of $754.84 million. Teradyne sees Q3 2020 EPS of $1.01-$1.17, versus the consensus of $0.64. Teradyne sees Q3 2020 revenue of $745-805 million, versus the consensus of $603.2 million.

USANA Health Sciences (NYSE: USNA) 4.1% LOWER; reported Q2 EPS of $1.32, $0.24 better than the analyst estimate of $1.08. Revenue for the quarter came in at $259 million versus the consensus estimate of $256.33 million.

Ollies Bargain Outlet Holdings, Inc. (Nasdaq: OLLI) 4% HIGHER; Based on quarter-to-date trends, for the second quarter of fiscal 2020 the Company expects the following: Total net sales of approximately $515 million (*** consensus $387.84 million); Comparable store sales growth of approximately 40%.

iRobot Corp. (NASDAQ: IRBT) 3.4% LOWER; reported Q2 EPS of $1.06, $0.77 better than the analyst estimate of $0.29. Revenue for the quarter came in at $279.9 million versus the consensus estimate of $265.07 million.

Intuitive Surgical (NASDAQ: ISRG) 2.6% HIGHER; reported Q2 EPS of $1.11, $0.48 better than the analyst estimate of $0.63. Revenue for the quarter came in at $852 million versus the consensus estimate of $664.96 million.

Boston Scientific Corporation (NYSE: BSX) 2% HIGHER; announced it has received U.S. Food and Drug Administration (FDA) approval for the WATCHMAN FLX Left Atrial Appendage Closure (LAAC) Device.

Pinterest, Inc. (NYSE: PINS) 1.5% LOWER; lower on SNAP results.

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