>>> US Early premarket gappers

Early premarket gappers
Gapping up: SRPT +48%, PBY +16.4%, DY +15.3%, CSC +6.2%, FCX +4.8%, YGE +4.3%, UBS +2.9%, ALV +2.8%, ENZN +2.4%, CS +2.2%, YHOO +2.2%, NQ +1.9%, FRO +1.5%, NBG +1.4%, QIHU +1.1%, VOD +1%, RIO +0.9%, BG +0.8%, UTX +0.8%, RIG +0.8%

Gapping down: ETSY -16.6%, ACHN -6.9%, CISG -5.8%, KEYS -5.7%, LOW -5.6%, XEC -4.4%, DL -4.4%, SPLS -3.2%, NCLH -3.1%, SD -1.8%, ADSK -1.8%, STI -1.4%, GFI -1.4%, EPE -1.3%, NDSN -1.3%, SDRL -0.9%, TEDU -0.9%, MGM -0.8%, MNTA -0.7%, VSAT -0.5%

Reuters - Deal talks between Altice and Time Warner Cable are ongoing: source


Altice's acquisition of U.S. cable group Suddenlink has not dampened its interest in buying much larger Time Warner Cable, a source familiar with the matter said.
"Altice is very keen on Time Warner Cable," the person said after Altice's announcement of the $9.1 billion Suddenlink buy from private equity group BC Partners on Wednesday.
Talks between Altice and Time Warner Cable are continuing, the person said, but the European company faces competition for the second-largest cable group in the U.S. from John Malone's Charter Communications.
With a market value of $44.5 billion, TWC would also be big bite for Altice, which has a market value of about $30 billion.
Despite the size of a potential deal, Altice's offer for TWC is expected to be mainly in cash and not largely in shares, the person added.

>>> Emerson discloses 3-month orders growth data; Apr -15% --> ReadX for SU

Emerson discloses 3-month orders growth data; Apr -15%

"Trailing three-month orders decreased 15 percent as monthly orders continue to reflect the drop in oil prices, a global slowdown in capital spending, most notably in energy-related markets, and significant strength in the U.S. dollar, which deducted 7 percentage points through currency translation. In line with the Company's comments on its May 5th conference call, underlying orders were down high single digits reflecting slow market conditions in all segments. Based upon these trends, the Company expects third quarter underlying sales to be slightly negative compared to the prior year, excluding unfavorable currency of approximately 6 percent and an impact from divestitures of approximately 2 percent. Reported sales for the third quarter are expected to decrease up to approximately 10 percent."

>>> Lowe's misses by $0.04, reports revs in-line; reaffirms FY16 EPS, rev, and c

--> LOW : -7% pre maket

Lowe's misses by $0.04, reports revs in-line; reaffirms FY16 EPS, rev, and comp guidance; Q1 comps +5.2%

Reports Q1 (Apr) earnings of $0.70 per share, $0.04 worse than the Capital IQ Consensus Estimate of $0.74; revenues rose 5.4% year/year to $14.13 bln vs the $14.26 bln consensus.
  • Co reaffirms guidance for FY16, sees EPS of $3.29 vs. $3.31 Capital IQ Consensus Estimate; sees FY16 revs of +4.5-5.0% to ~$58.75-59.0 bln vs. $58.97 bln Capital IQ Consensus Estimate; reaffirms comp guidance of 4 to 4.5%. Co expects to open 15 to 20 home improvement and hardware stores.
  • Q1 comparable sales for the quarter increased 5.2%. Comparable sales for the U.S. home improvement business increased 5.3%.

>>> Staples reports EPS in-line, misses on revs; guides Q2 EPS in-line

--> SPLS Indicated lower in Pre-Market : -3% - no volume for now

Staples reports EPS in-line, misses on revs; guides Q2 EPS in-line

Reports Q1 (Apr) earnings of $0.17 per share, excluding non-recurring items, in-line with the Capital IQ Consensus Estimate of $0.17; revenues fell 6.9% year/year to $5.26 bln vs the $5.46 bln consensus.
North American Stores:
  • Comparable sales: -3%
  • Comparable store sales: -5%
  • Staples.com local currency sales growth: +3%
Guidance
Co issues in-line guidance for Q2, sees EPS of $0.11-0.13 vs. $0.11 Capital IQ Consensus Estimate.
  • expects sales to decrease versus the second quarter of 2014 (2Q14: $5.22 bln). This is in-line with current estimate of $5.08 bln