Intercept set for modest gap up
Shares of Intercept Pharmaceuticals are up 7% premarket on light volume in response to the FDA's fast track designation for OCA as a treatment for primary biliary cirrhosis
Dollar Tree–The discount retailer's stock was upgraded to "buy" from "neutral" at Sterne Agee, which also downgrade competitor Dollar General to "neutral" from "buy." The firm points to new initiatives by Dollar Tree to drive sales and better protection for its profit margins compared to its competitors.
Twitter–Cantor Fitzgerald raised its rating on Twitter to "buy" from "hold," a day after Nomura Securities upgraded its Twitter rating to "buy." Cantor cites both the passing of the recent lockup expiration, as well as this year's pullback in Twitter's stock price.
Infosys–Company president B.G. Srinivas has resigned, becoming the 10th senior executive to leave the information technology services company in the past year.
Costco—The warehouse retailer reported fiscal third quarter profit of $1.07 per share, two cents shy of estimates. Revenue was also slightly shy of consensus, as the company saw higher expenses, including merchandise costs.
Abercrombie & Fitch–The teen apparel retailer posted a quarterly loss of 17 cents per share, smaller than the 19 cent loss forecast by analysts. Revenue was also better than expected, with the company saying it was pleased with its performance
in a difficult environment.
Palo Alto Networks–Palo Alto reported fiscal third quarter profit of 11 cents per share, excluding certain items, a penny above estimates, with revenue also beating forecasts, as the cyber security firm added more customers. Separately, the company settled a patent litigation dispute with Juniper Networks, with Palo Alto paying Juniper $75 million in cash and $100 million in common stock and warrants.
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9:00 12:30 Enersys ENS
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9:00 0:00 Tech Data TECD
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16:30 0:00 Violin Memory VMEM
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