Pre-Open Stock Movers 12/16: (VRCA) (VALN) (ACN) Higher; (IRNT) (SNDX) (ADBE) Lower (more...)
Pre-Open Stock Movers:
IronNet (NYSE: IRNT) 25.7% LOWER; reported Q3 EPS of ($2.22), $2.07 worse than the analyst estimate of ($0.15). Revenue for the quarter came in at $6.9 million versus the consensus estimate of $11.79 million.
Verrica Pharmaceuticals Inc. (Nasdaq: VRCA) 13.6% HIGHER; announced that the U.S. Food and Drug Administration (FDA) acknowledged that Verrica’s resubmitted New Drug Application (NDA) for VP-102 for the treatment of molluscum contagiosum (molluscum) was complete and assigned a Prescription Drug User Fee Act (PDUFA) goal date of May 24, 2022.
Valneva SE (Nasdaq: VALN) 13.3% HIGHER; announced positive homologous booster data from the Phase 1/2 study, of its inactivated, adjuvanted COVID-19 vaccine candidate, VLA2001. Initial results confirm that VLA2001 significantly boosted immunity in participants who received VLA2001 as a primary vaccination.
Accenture (NYSE: ACN) 10.7% HIGHER; reported Q1 EPS of $2.78, may not compare to the analyst estimate of $2.35. Revenue for the quarter came in at $15 billion versus the consensus estimate of $12.56 billion. Accenture sees Q2 2022 revenue of $14.3-14.75 billion, versus the consensus of $12.5 billion. Accenture sees FY2022 EPS of $10.32-$10.60, may not compare versus the consensus of $9.01.
Syndax Pharmaceuticals, Inc. (Nasdaq: SNDX) 10% LOWER; announced that it plans to offer and sell, subject to market and other conditions, shares of its common stock in an underwritten public offering.
Adobe Systems (NASDAQ: ADBE) 8.5% LOWER; reported Q4 EPS of $3.20, in-line with the analyst estimate of $3.20. Revenue for the quarter came in at $4.11 billion versus the consensus estimate of $4.09 billion. Adobe Systems sees FY2022 EPS of $13.70, versus the consensus of $14.26. Adobe Systems sees FY2022 revenue of $17.9 billion, versus the consensus of $18.16 billion. Adobe Systems sees Q1 2022 EPS of $3.35, versus the consensus of $3.38. Adobe Systems sees Q1 2022 revenue of $4.23 billion, versus the consensus of $4.34 billion.
Blue Bird Corporation (NASDAQ: BLBD) 8% LOWER; reported Q4 EPS of $0.07, $0.11 worse than the analyst estimate of $0.18. Revenue for the quarter came in at $192.2 million versus the consensus estimate of $242.5 million.
Lennar Corp. (NYSE: LEN) 5.2% LOWER; reported Q4 EPS of $4.36, ex-items, $0.21 better than the analyst estimate of $4.15. Revenue for the quarter came in at $8.4 billion versus the consensus estimate of $8.2 billion.
KE Holdings Inc. (NYSE: BEKE) 4.6% LOWER; Mentioned as Short at Muddy Waters
Shopify (NYSE: SHOP) 3.2% HIGHER; Evercore ISI upgraded from In Line to Outperform with a price target of $1,770.00.
Synchrony Financial (NYSE: SYF) 1.7% HIGHER; announced today that its Board of Directors has increased the Company's share repurchase authorization by $1.0 billion. The Company had $1.2 billion remaining under its prior authorization as of September 30, 2021, so this increase will bring the amount available to $2.2 billion through the period ending June 30, 2022.
Focus Financial Partners Inc. (NASDAQ: FOCS) 1.6% LOWER; launched an underwritten offering (the "Offering") of 3,204,448 shares of its Class A common stock. This amount includes 2,500,000 shares being offered by Focus for its own account and 704,448 shares being offered by Focus on behalf of certain of the existing unitholders of Focus Financial Partners, LLC ("Focus LLC"), its operating subsidiary. Focus intends to grant the underwriters a 30-day option to purchase up to an additional 480,667 shares of Focus' Class A common stock.
Nordson Corp. (NASDAQ: NDSN) 1.6% LOWER; reported Q4 EPS of $1.88, $0.21 worse than the analyst estimate of $2.09. Revenue for the quarter came in at $599 million versus the consensus estimate of $617.45 million. Nordson Corp. sees Q1 2022 EPS of $1.80-$1.95, versus the consensus of $1.71. First quarter 2022 sales growth of 14% to 16% over prior year first quarter. Fiscal 2022 sales growth of 6% to 10% and earnings growth of 8% to 18% over the record fiscal 2021 results
Visa (NYSE: V) 1% HIGHER; the board of directors of Visa Inc. authorized a new $12.0 billion share repurchase program.