Stocks making the biggest moves premarket: Under Armour, Coty, Walmart, Amazon.com & more

Stocks making the biggest moves premarket: Under Armour, Coty, Walmart, Amazon.com & more

12th February 20190Byadmin

Check out the companies making headlines before the bell:

Under Armour – The athletic apparel maker earned an adjusted nine cents per share for the fourth quarter, beating the consensus estimate of four cents. Revenue also beat forecasts, with results being helped by higher sales and fewer discounts.

Molson Coors – The beer brewer beat estimates by five cents with adjusted quarterly profit of 84 cents per share. However, revenue fell below forecasts. Molson also said it would restate its financials for 2016 and 2017 due to accounting errors relating to its partnership in MillerCoors. It adds that the financial impact of the changes will not be material, but that it did have “material weakness” in internal financial reporting controls at the end of 2018.

Cisco Systems – Morgan Stanley downgraded the networking equipment maker to “equal-weight” from “overweight,” saying Cisco’s continued strength and growth in security-based networking is already priced into the stock.

Wolverine World Wide – The maker of shoe brands like Saucony and Hush Puppies announced a 25 percent dividend increase and a new $400 million share repurchase program.

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