PANW - Hot Stocks: PANW BBY MDT rise on earnings news; AAP falls; CARA jumps on FDA approval
Earnings season might be firmly in the rearview at this point, but quarterly results continued to drive single-stock moves in Tuesday's pre-market trading. Palo Alto Networks (NYSE:PANW) led the way, posting a double-digit percentage gain on its Street-beating financial figures. Best Buy (NYSE:BBY) and Medtronic (NYSE:MDT) also gained ground before the bell. Both companies announced better-than-expected results. Not every company that reported quarterly results on Tuesday got a boost. Advance Auto Parts (NYSE:AAP) moved in the other direction, dropping in the wake of its earnings report. Outside of earnings, Cara Therapeutics (NASDAQ:CARA) was also a big mover in the morning. Shares jumped in pre-market action after the company received U.S. regulatory approval for its drug to combat itching associated with kidney disease. Earnings news gave a boost to Palo Alto Networks (PANW) before the opening bell. The company surpassed consensus with its top and bottom line, including revenue that rose
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Hot Stocks: PANW, BBY, MDT rise on earnings news; AAP falls; CARA jumps on FDA approval