Pre-market earnings movers: URBN +12%, CREE -10%, MEET +5%, TGT -4%, LOW -4%
- Urban Outfitters (URBN) +12.4% after co beat by $0.11, reports revs in-line
- Cree (CREE) -10.4% after co missed by $0.01, reports revs in-line with preannouncement; guided Q1 with and without Wolfspeed business, being sold to Infineon (IFNNY)
- MeetMe (MEET) +5.4% after co reiterated Q3 and FY16 guidance (in response to recent volatility in the share price and in anticipation of upcoming investor meetings)
- OSI Systems (OSIS) +4.7% after co beat by $0.03, missed on revs; guided FY17 EPS above consensus, revs in-line
- Target (TGT) -4.1% after co beat by $0.10, reports revs in-line; guided Q3 EPS below consensus; lowered FY17 EPS; sees 2H comps below estimates
- Lowe's (LOW) -3.7% after co missed by $0.05, reports revs in-line; lowers and guided FY17 EPS above consensus, raises FY17 revs above consensus
- Popeyes Louisiana Kitchen (PLKI) -2.3% after co reports EPS in-line, missed on revs; reaffirms FY16 EPS guidance, lowers comps
- Childrens Place (PLCE) +1.3% after co beats by $0.22, reports revs in-line; raises FY17 EPS guidance