UAA - Hot Stocks: UAA rises on earnings; CLX TTWO fall; PEP selling juice brands; MRVL buying Innovium
Earnings news took the spotlight in Tuesday's pre-market period. Under Armour (NYSE:UAA) advanced on its strong quarterly results. Clorox (NYSE:CLX) and Take-Two Interactive Software (NASDAQ:TTWO) both lost ground in pre-market action, dragged down by their financial figures. A couple of M&A deals also generated headlines. PepsiCo (NASDAQ:PEP) is selling a majority interest in a few high-profile juice brands. Meanwhile, Marvell Technology (NASDAQ:MRVL) signed a definitive agreement to purchase Innovium. Under Armour reported Q2 non-GAAP EPS of $0.24, topping expectations by $0.18. Revenue jumped 91% to $1.35B. The company also raised its guidance. UAA climbed about 6% in pre-market action. Clorox reported a quarterly profit that fell from last year, with revenue that slipped to $1.8B. A 17% drop in its health and wellness business led the sales decline. The results missed expectations and the company cut its full-year guidance. On the news, CLX fell nearly 11% before the bell. Take-Two
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Hot Stocks: UAA rises on earnings; CLX, TTWO fall; PEP selling juice brands; MRVL buying Innovium