SNPS - Hot Stocks: KSS BBWI VIPS drop on earnings news; SNPS climbs

Retailers continued to demand the spotlight in Thursday's pre-market action following the massive sell-off that took place the day before. Kohl's (NYSE:KSS) and Bath & Body Works (BBWI) both pushed further lower following the release of their respective quarterly reports. Meanwhile, Vipshop (VIPS) also saw pre-market selling pressure in the wake of its quarterly report. On the other side of the ledger, earnings news prompted buying in shares of Synopsys (SNPS). Decliners Retailer Kohl's (KSS) added to a sharp decline seen the previous day, falling another 5% on earnings news. This followed a drop of 11% during Wednesday's session. The latest step down followed the release of quarterly results, with earnings coming in short of what analysts were predicting. Revenue dropped 4% from last year. Looking ahead, the firm predicted that full-year net sales would be flat to up 1%. Meanwhile, Bath & Body Works (BBWI) had a similar story.

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Hot Stocks: KSS, BBWI, VIPS drop on earnings news; SNPS climbs