font size
Show More

ss="textresizer__button textresizer__button--dec"/>

Stock futures pointed to a slight uptick at the start of Wall Street on Wednesday after stocks fell after retail sales data sent bond yields higher. The Federal Reserve will release the minutes of the central bank’s meeting on July 25-26 in the afternoon.

These stocks were poised to make moves on Wednesday:

coherent

(COHR) fell 20% after the optoelectronics company’s outlook for the first quarter and fiscal year was weaker than expected. Coherent expected first-quarter adjusted earnings 5 cents to 20 cents per share on revenue of $1 billion to $1.1 billion, far from analyst estimates for earnings of 47 cents per share on revenue of $1.17 billion. The company said the outlook “does not assume any appreciable improvement in the macroeconomic environment,” including in China.

Kava group

(CAVA), the Mediterranean restaurant chain, posted second-quarter earnings of 21 cents per share while analysts had expected a loss of 2 cents. Revenue of $171.1 million also exceeded expectations. This was Cava’s first report since it was published in June. The stock jumped 12%.

Semiconductor tower

(TSEM) fell 10% in post-market pre-trading

Intel

INTC has terminated its proposed $5.4 billion acquisition of the Israeli chipmaker after failing to win regulatory approval from China. Intel rose 0.3%.

DLocal

(DLO) was up 25% in pre-sale trading after the online payments company reported second-quarter results that beat estimates and maintained revenue guidance of $620 million to $640 million for the year.