Stock futures were pointing higher ahead of the Thanksgiving holiday after the release of better-than-expected initial jobless claims numbers.
Here are some of the early market movers for Wednesday.
Incyte Corporation (INCY)
Shares were up 14.7% in pre-market trading after the company announced it has entered into a collaboration and license agreement with Novartis for two of its in development hematology-oncology therapies, INCB18424, and INCB28060.
J Crew Group Inc. (JCG)
The retailer released third-quarter results, beating the Street with earnings of 67 cents per share on revenue of $414.1 million. Analysts had been expecting earnings of 58 cents per share on revenue of $407.99 million. Shares were up 7.2% in pre-market trading.
Satyam Computer Services (SAY)
The agency handling the federal probe of accounting fraud against the computer software company in India filed additional charges late Tuesday against 10 people accused of falsifying client accounts and receiving illegal loans from the company. Shares dropped 12% in pre-market trading on Wednesday.
Dataram Corporation (DRAM)
The data memory manufacturer posted a loss of 18 cents per share for the second quarter after the bell Tuesday, widening from a loss of 4 cents from the same period last year. Shares were down 13% in pre-market trading Wednesday.
Coldwater Creek Inc. (CWTR)
Shares of the women’s specialty retailer were down 7.3% in pre-market trading Wednesday after posting third-quarter results late Tuesday. The company reported a non-GAAP loss of 4 cents per share on revenue of $266.7 million. Analysts had been expecting a loss of 3 cents per share on revenue of $232.24 million.
Conn’s Inc. (CONN)
The home appliance and consumer electronics manufacturer posted a wider loss than expected reporting a loss excluding items of 29 cents per share on revenue of $182.8 million for the third quarter. Analysts had been expecting a loss of four cents per share on revenue of $191.67 million.
Dollar General shares up in the first day of tradingEarly-Market Movers: IMS Health, Whole Foods Market
