Investing.com - Stocks in focus in pre-market trade Wednesday:
• Office Depot (NASDAQ:ODP) stock soared 10.55% by 8:07 AM ET (13:07 GMT) after the company reported third-quarter results that beat on the top and bottom lines and lifted its full-year sales guidance.
• General Electric (NYSE:GE) stock gained 1.38% after news that the company was in the running against Rolls Royce (LON:RR) to be chosen to produce an engine for a new long-haul jet being developed by a Russian-Chinese joint venture.
• Dell Technologies (NYSE:DVMT) stock gained 3.15% after the company reportedly contacted large shareholders about sweetening a $22 billion buyout offer, according to The Wall Street Journal.
• Kraft Heinz (NASDAQ:KHC) stock advanced 1.03% as the company agreed to sell its Canadian natural cheese business to Parmalat for approximately $1.23 billion.
• Wendy’s (NASDAQ:WEN) stock sank 6.32% after the company’s North American sales missed estimates and its forecast for full-year same-store sales settled below expectations.
• DISH Network (NASDAQ:DISH) stock fell 3.18% as the company beat on third-quarter profit, but pay-TV subscribers declined.
• Fresenius Medical Care (NYSE:FMS) stock jumped 8.80% after California voters rejected Proposition 8 that would have capped profits for dialysis service providers.
• Dean Foods (NYSE:DF) stock plunged 12.08% as the company reported a wider-than-expected loss for the third quarter.
• Michael Kors (NYSE:KORS) stock tanked 11.23% after fiscal second-quarter profit beat expectations, but revenue for the period missed.
• Groupon (NASDAQ:GRPN) stock rose 3.07% after quarterly profit beat analysts’ estimates
• Qualcomm (NASDAQ:QCOM) stock rose 1.04% despite a court ruling that the company must license some of its technology to rivals.
• Infinera (NASDAQ:INFN) stock crashed 26.81% after the company posted a quarterly loss and revenue missed expectations.
• Twilio (NYSE:TWLO) stock surged 16.45% as third-quarter results beat consensus and the company projected better-than-expected fourth quarter earnings.
• Zillow (NASDAQ:ZG) stock plummeted 19.59% after the company warned that current-quarter revenue would fall short of expectations.
• Papa John's (NASDAQ:PZZA) stock advanced 2.86% it improved its forecast for the full-year decline in same-store sales. The company did miss estimates on both revenue and profit in the third quarter.
• Match Group (NASDAQ:MTCH) stock tumbled 8.10% despite better-than-expected third-quarter results as its outlook for fourth-quarter revenue missed consensus.