U.S. markets are set to open high as investors are awaiting the Fed's minutes from the January meeting. There exist concerns about inflation and interest rates, that the market will look close when the minutes are released at 2 p.m. Eastern Time.
Shares of Cardtronics PLC (CATM, Financial) plummeted nearly 10% in premarket trading on the heels of the company posting its financial results for the fourth quarter. The company reported an annual net sales growth of 17.2% to $362.97 million, while its profit advanced to 73 cents per share. Moreover, the results exceeded the analysts’ estimates by 10 cents in earnings per share and $22.74 million in revenue. In addition to that, the adjusted EBITDA reached $348.6 million, up 9% from $318.9 million in the previous year.
Looking ahead, for the 2018 year the company expects revenues to be between $1.25 billion and $1.29 billion and adjusted EBITDA in the range of $250 million to $260 million.
Gainers
• EQT Corp. (EQT, Financial)
• Autozone Inc. (AZO, Financial)
• Noble Energy Inc. (NBL, Financial)
• CF Industries Holdings Inc. (CF, Financial)
• Netflix Inc. (NFLX, Financial)
Losers
• Garmin Ltd. (GRMN, Financial)
• Qualcomm Inc. (QCOM, Financial)”‹
• DISH Network Corp.”‹ (DISH, Financial)
• Hess Corp. (HES, Financial)
• General Electric Co. (GE, Financial)
Global Markets
The main European stock markets closed in negative territory. The U.K.'s FTSE gained 0.29%, while France's CAC lost 0.03%, Germany's Dax retreated 0.26% and Spain's Ibex slid 0.83%.
In Asia, Japan's Nikkei gained 0.21%, Hong Kong's Hang Seng advanced 1.81%, India’s BSE Sensex jumped 0.42% and China´s SSE Composite rose 0.45%.
Disclosure: The author holds no positions in any stocks mentioned.
