(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock index futures were lower on Tuesday, a day after Wall Street suffered its steepest drop in six weeks as investors braced for an interest-rate hike and fretted about China's economic health.
Dow Jones industrial average futures were down 0.18 percent at 17,644, S&P 500 futures were down 0.21 percent at 2,068.75 and Nasdaq 100 futures were down 0.41 percent at 4,633.75.
** GAP INC, Monday close $27.69, -7.01 pct premarket
The apparel retailer reported lower-than-expected Q3 sales, hurt by a strong dollar, while October comparable sales fell much more than expected due to a steep decline in comparable sales at the Banana Republic chains.
** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Monday close $85.41, +1.74 pct premarket
Valeant will hold a conference call at 8:00 a.m. ET on Tuesday to allay investor concerns after a tumultuous few weeks for the embattled drugmaker.
** MALLINCKRODT PLC, Monday close $58.01, +2.05 pct premarket
Mallinckrodt tumbled 17 percent on Monday after influential short-seller Citron Research called the drugmaker “a far worse offender of the reimbursement system”. Earlier in October, Citron had accused Valeant Pharmaceuticals of using specialty pharmacies to inflate revenue.
** CHIPOTLE MEXICAN GRILL INC, Monday close $609.29, +1.02 pct premarket
The restaurant chain could reopen locations in Washington state and Oregon as soon as Wednesday after a batch of tests found no E. coli bacteria in food samples, health officials said on Monday.
** ARCH COAL INC, Monday close $1.56, -15.38 pct premarket
The second largest coal miner in the United States, said on Monday that it could follow its smaller peers into bankruptcy in the near term, even if current talks with creditors yield a restructuring agreement.
** TUBEMOGUL INC, Monday close $12.46, +4.74 pct premarket
The advertising software maker reported better-than-expected Q3 revenue, helped by higher sales from platform services business where it executes its customers’ advertising campaign. The company also forecasts Q4 revenue above analysts’ estimate.
** EXONE CO, Monday close $10.43, -20.90 pct premarket
The 3D printer maker reported a bigger-than-expected Q3 loss, hurt by higher costs, and also forecast 2015 revenue below analysts’ average estimate.
** NEVRO CORP, Monday close $47.34, +9.84 pct premarket
The medical device maker reported better-than-expected Q3 revenue, driven by increased demand for its spinal cord stimulator. It also forecasts 2015 revenue above analysts’ estimates.
** WAYFAIR INC, Monday close $45.84, +7.55 pct premarket
The online home furnishing retailer posted better-than-expected Q3 revenue, helped by demand from new and existing customers.
** BARRETT BUSINESS SERVICES INC, Monday close $52.75, -35.51 pct premarket
The business management services provider said its accounting firm, Moss Adams LLP, has information, which indicates an illegal act has or may have occurred regarding BBSI’s workers’ compensation expense reserve. Barrett said in May that SEC was investigating its accounting practices with regard to worker compensation reserves.
** VODAFONE GROUP PLC, Monday close $32.31, +5.01 pct premarket
The mobile operator reported Q2 organic service revenue growth ahead of analyst expectations, which helped nudge its annual expectations towards the top of its guidance
** OPKO HEALTH INC, Monday close $9.95, +6.23 pct premarket
The drug developer posted an unexpected Q3 profit, helped by several non-recurring and non-cash activities, on significantly higher revenue that beat analysts’ expectations. Revenue was boosted by recently acquired Bio-Reference Labs and EirGen and also income from a collaboration with Pfizer Inc.
** SUNEDISON INC, Monday close $7.4, -3.38 pct premarket
The U.S. solar company said it would reduce sales of renewable energy assets to its “yieldcos” until market conditions improved.
** D.R. HORTON INC, Monday close $28.77, +2.35 pct premarket
The largest U.S. homebuilder reported a near 44 percent jump in profit for the fourth quarter as the company sold more homes and it said orders rose 19 percent.
** SCICLONE PHARMACEUTICALS INC, Monday close $7.99, +28.29 pct premarket
The drugmaker said Q3 revenue jumped 25 percent, boosted by increased sales of lead drug Zadaxin, and the company also raised its FY 2015 adjusted EPS forecast.
** RACKSPACE HOSTING INC, Monday close $27.09, +7.83 pct premarket
The web-hosting company reported Q3 revenue and profit above analysts’ average estimate, helped by higher demand for its online storage space offering. The company also said it intends to offer $350 million of senior notes due 2024.
** ERICSSON, Monday close $9.99, -5.51 pct premarket
Sweden’s Ericsson, the world’s biggest mobile network equipment maker, pared back its market growth forecast on Tuesday, but said it could expand beyond its mainstay networks business, aided by a new deal with data network supplier Cisco.
** LEAPFROG ENTERPRISES INC, Monday close $0.89, untraded premarket
The toy maker said it says it continues to explore all available financial, strategic and structural alternatives after it reported lower-than-expected Q2 sales hurt by significant markdown to support its promotion plans for LeapTV. The company said international sales continue to be impacted by the closure of Target stores in Canada and that 2016 sales would “contract considerably” relative to the prior year.
** REAL GOODS SOLAR INC, Monday close $1.17, untraded premarket
The SEC has subpoenaed the solar company on June 29, asking for documents related to investigation into a July 2014 pipe offering.
** MOTOROLA SOLUTIONS INC, Monday close $68.2, untraded premarket
Activist investor ValueAct, which has a 9.96 percent stake in the maker of walkie-talkies and radio systems, said it would talk to the company’s board about ways to enhance shareholder value.
** SCIENTIFIC GAMES CORP, Monday close $11.57, untraded premarket
The slot machine maker reported a much bigger Q3 net loss, mainly due to a $535 million goodwill impairment charge associated with recent acquisitions.
Deutsche Bank said the chare was a “eyes wide open moment” and “call out the reality that future cash flows will be lower than previously articulated”.
** KEYW HOLDING CORP, Monday close $7.39, untraded premarket
The cyber-security software and hardware maker reported a s bigger-than-expected loss and also lowered its revenue expectations for the year from its government and commercial businesses.
** NORFOLK SOUTHERN CORP, Monday close $88.62, +0.32 pct premarket
** CANADIAN PACIFIC RAILWAY LTD, Monday close $142.18, untraded premarket
Canadian Pacific is exploring a potential acquisition of U.S. peer Norfolk Southern, a person familiar with the matter said on Monday. The two rail companies have held preliminary merger talks, but there is no certainty that negotiations will advance, the person said.
** MCDERMOTT INTERNATIONAL INC, Monday close $5.25, untraded premarket
The energy-focused construction company won a brownfield contract from RasGas Co Ltd for engineering, procurement, construction and installation (EPCI) of a project, offshore Qatar. McDermott also reported better-than-expected Q3 results.
** ATMEL CORP, Monday close $7.66, untraded premarket
Activist hedge fund Elliott has disclosed a 2.9 percent stake in Anglo-German chipmaker Dialog Semiconductor and says it will rally co-shareholders to vote against the acquisition of U.S. peer Atmel.
** LIONS GATE ENTERTAINMENT CORP, Monday close $38.28, untraded premarket
The movie studio behind “Hunger Games” franchise reported lower-than-expected Q2 revenue and posted an unexpected loss, hurt by the underperformance of “American Ultra”, higher marketing costs for “Sicario” and a $7.2 million write-down on “The Last Witch Hunter”. (Reporting by Natalie Grover in Bengaluru; Editing by Savio D‘Souza)