U.S. stocks will open with gains on Wednesday as investors await the Fed decision to raise its interest rate for the third time this year.
In Wednesday pre-market trading, VeriFone Systems Inc. (PAY, Financial)Â declined by 7% after reporting financial results for its fourth quarter, ended Oct. 31. EPS of 44 cents beat estimations by one cent and revenue of $476.5 million also beat expectations by $4.04 million. The revenue growth was 1.9% year over year.
Paul Galant, CEO of the company, said that it focuses on executing a strategy to transform the company from a terminal sales one to a platform services company. He added, “Our focus now shifts from launching our next generation devices and solutions to scaling them across the globe.”
Gainers
• CenturyLink Inc. (CTL)
• Western Digital Corp. (WDC, Financial)
• Micron Technology Inc. (MU)
Losers
• Ralph Lauren Corp. (RL, Financial)
• Acuity Brands Inc. (AYI)
• Twenty-First Century Fox Inc. (FOXA, Financial)
• F5 Networks Inc. (FFIV)
Global markets
The main European stock markets were mixed. The U.K.'s FTSE gained 0.01% and Spain's Ibex jumped 0.06%, while Germany's Dax closed down 0.18% and France's CAC retreated 0.39%.
In Asia, Japan's Nikkei closed down 0.47% and India’s BSE Sensex fell 0.53%, while Hong Kong's Hang Seng inched up 1.49%, and China´s SSE Composite jumped 0.68%.
Disclosure: The author holds no positions in any stocks mentioned.
