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22 Stocks Moving In Wednesday's Pre-Market Session


Gainers

  • Yelp Inc YELP rose 14.1 percent to $37.24 in pre-market trading as the company reported a surprise profit for the second quarter. The company also exceeded analysts’ sales estimates.
  • JD.Com Inc(ADR) JD rose 4.7 percent to $23.41 in the pre-market trading session as the company provided revenue outlook for the third quarter that was better than the Street estimate. Its revenue for the second quarter came in ahead of the estimates. The company suffered a net loss of 132.1 million Yuan or $19.92 million in the second quarter.
  • Fossil Group Inc FOSL shares rose 3.6 percent to $31.45 in pre-market trading. Fossil reported better-than-expected results for its second quarter, but issued a weak earnings guidance for the current quarter.

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Losers

  • SunPower Corporation SPWR shares fell 30.8 percent to $10.23 in pre-market trading after the company posted a loss for its second quarter and issued a weak revenue forecast. Management expected a workforce reduction of about 15 percent totaling about 1,200 employees in the future and restructuring charges totaling $30-$45 million.
  • Cyberark Software Ltd CYBR shares fell 5.3 percent to $52.37 in pre-market trading. Cyberark’s quarterly earnings per share came in above Wall Street consensus expectations.
  • Michael Kors Holdings Ltd KORS fell 5 percent to $47.63 in pre-market trading. Michael Kors reported better-than-expected earnings and revenue for the first quarter. However, the company offered a soft outlook for the second quarter and fiscal year 2017.
  • Lattice Semiconductor LSCC fell 4.8 percent to $5.73 in pre-market trading as the company posted downbeat Q2 results and issued a weak revenue forecast for the current quarter.
  • Wendys Co WEN shares fell 3.8 percent to $9.80 in pre-market trading. Wendys posted better-than-expected quarterly results and lifted its full year forecast.
  • Solaredge Technologies Inc SEDG shares fell 3.8 percent to $17.92 in pre-market trading. The company’s Q4 earnings per share came in above Wall Street consensus expectations, however, shares fell due to the company's miss on sales estimates. Company management saw Q1 revenues to be between $130-$139 million vs. estimates of $139.43 and gross margins within 30-32 percent.
  • Mylan NV MYL shares declined 2 percent to $49.00 in the pre-market trading session. Mylan’s Q2 earnings per share came in above Wall Street consensus expectations, however, the company missed on sales estimates.

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