Gapping down
In reaction to disappointing earnings/guidance:
- LMAT -16.6% (reports prelim Q3 sales below consensus and downside Q4 guidance), CUTR -16.3% (guides Q3 below consensus, lowers FY18 revenue outlook), COST -2.5% (also expects to report a material weakness in internal in its upcoming fiscal 2018 Annual Report on Form 10-K)
Other news:
- IGC -21.5% (extending yesterday's pull back)
- TSLA -3.3% (continued weakness as Elon Musk comments on SEC)
- AZRE -2.8% (prices 14.8 mln equity share offering at $12.50/share)
- AZUL -1.2% (preliminary traffic results for September)
Analyst comments:
- HPQ -2.1% (downgraded to Neutral from Overweight at JP Morgan)
- EMN -1.6% (downgraded to Neutral from Overweight at JP Morgan)
- MYL -1.2% (downgraded to Neutral from Buy at Mizuho)
- COMM -1.1% (downgraded to Neutral from Buy at Nomura)
- HCLP -0.8% (downgraded to Neutral at UBS)
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