Before the Open (Jul 31)

Posted on by Jason Leavitt

Good morning. Happy Tuesday.
Abbreviated Before the Open today because power went out where I am in Costa Rica. No power = no internet.
Overnight Stock Movers from barchart.com…
Illumina (ILMN -3.95%) rose nearly 7% in after-hours trading after it reported Q2 adjusted EPS of $1.43, well above consensus of $1.11 and then forecast full-year adjusted EPS of $5.35 to $5.45, higher than consensus of $4.87.
Chipotle Mexican Grill (CMG -1.45%) fell almost 4% in after-hours trading after Business Insider reported that CMG closed a restaurant location in Powell, Ohio on Monday following reports of customers getting sick after eating there.
Intel (INTC +0.02%) was upgraded to ‘Buy’ from ‘Hold’ at DZ Bank AG with a price target of $55.
Texas Roadhouse (TXRH -2.61%) slumped 12% in after-hours trading after it reported Q2 EPS of 62 cents, below consensus of 67 cents.
Varonis Systems (VRNS -5.21%) tumbled 13% in after-hours trading after it reported a Q2 adjusted loss per share of -8 cents, wider than consensus of -5 cents, and then forecast Q3 adjusted loss per share of -2 cents to up +1 cent, the midpoint below consensus of +0.9 cents.
Allison Transmission Holdings (ALSN -0.45%) climbed almost 6% in after-hours trading after it reported Q2 net sales of $711 million, better than consensus of $655.3 million, and then raised its full-year sales increase estimate to up 15% to 18%, higher than an April estimate of up 10% to 14%.
Medpace Holdings (MEDP -1.36%) rallied 8% in after-hours trading after it reported Q2 adjusted EPS of 67 cents, well above consensus of 42 cents, and then forecast full-year adjusted EPS of $2.51 to $2.62, higher than consensus of $1.93.
Tribune Media (TRCO +1.57%) was rated a new ‘Outperform’ at Evercore ISI with a price target of $40.
Electronics for Imaging (EFII +1.28%) fell 7% in after-hours trading after it reported Q2 adjusted EPS of 50 cents, weaker than consensus of 53 cents.
Acadia Healthcare (ACHC -2.42%) slid 7% in after-hours trading after it forecast full-year adjusted EPS of $2.52 to $2.56, below consensus of $2.59.
Rambus (RMBS -2.02%) fell more than 4% in after-hours trading after it forecast Q3 revenue of $45 million to $51 million, well below consensus of $99.6 million.
MagnaChip Semiconductor (MX +0.45%) jumped +15% in after-hours trading after it reported Q2 revenue of $199.7 million, better than consensus of $185 million, and then forecast Q3 revenue of $200 million to $210 million, above consensus of $197.5 million.
SunPower (SPWR -1.60%) rose 4% in after-hours trading after it reported a Q2 adjusted loss per share of -1 cent, narrower than consensus of -29 cents.
AK Steel Holding (AKS +2.10%) dropped 6% in after-hours trading after it reported Q2 adjusted Ebitda of $148.4 million, below consensus of $161.1 million.
Today’s Economic Calendar
10:00 Pending Home Sales
10:30 Dallas Fed Manufacturing Survey
3:00 PM Farm Prices
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY

One thought on “Before the Open (Jul 31)”

  1. That’s pretty funny, at least to me. I spend 5 months± in Costa Rica. Power outages are a way of life in CR. The infrastructure has no redundancy, the local power company (ICE) is top heavy with a lot of management, a lot of newer expensive trucks, a whole lot of million colones pensions and not enough trained manpower. IT’s a beautiful country with an enormous # of self made problems. Battery Backup on both the computer and the internet.
    Better luck today (Wednesday)

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