Amazon.com, Inc. (AMZN) shares surged 1.03% to $671.62 in pre-market trading on Tuesday after the e-commerce giant said this holiday shopping weekend was the best ever for Amazon-made devices such as its Fire tablets, Fire TVs, and its Amazon Echo digital assistant.
Shares of Breitburn Energy Partners LP (BBEP) are down $0.40, or over 20%, at $1.60, after the company this morning announced that it has suspended the distribution on its Common Units, effective immediately.
Halbert S. Washburn, Breitburn’s CEO said: “In light of the ongoing weakness in commodity prices, and crude oil prices in particular, and after careful consideration, Breitburn has decided to suspend cash distributions on its Common Units…”
Shares of XOMA Corporation (XOMA) are higher by more than 12% to $1.49 in pre-market trading on Tuesday after the company announced today it has exclusively licensed the global development and commercialization rights to its XMetA program of allosteric monoclonal antibodies that up-regulate the insulin receptor to Novo Nordisk (NVO).
Under the terms of the agreement, XOMA retains commercialization rights for rare disease indications. Novo Nordisk has an option to add these additional rights in rare diseases to its license. XOMA will receive $5.0 million in the form of an upfront payment, and the agreement includes up to $290.0 million in additional potential development, regulatory and commercial milestones (excluding potential option payments). In addition, XOMA is eligible to receive tiered royalties on product sales.
Infoblox Inc. (BLOX) rallied $3.41 to $22.67 in pre-market trading after beating Q116 estimates and guiding above consensus. On a per-share basis, the network automation firm said it had a loss of $0.03. Earnings, adjusted for one-time gains and costs, came to $0.13 per share.
The results surpassed Street expectations.
For the current quarter, Infoblox said it will earn between $0.12 to $0.14/shr, above the $0.07 analysts are expecting. It sees revs between $93 million and $95 million, also above the $91.3 million consensus.
Infoblox expects full-year revenue in the range of $370 million to $380 million, compared to the $368.7 million.
TerraForm Power, Inc. (TERP) shares climbed 14.93% to $7.93 in pre-market trading after the company said Appaloosa had send a letter to co. saying that “aligning the company’s strategic focus around acquiring projects from its Sponsor” offers little apparent benefit for TERP stakeholders and raises concern for obvious conflicts between the interests of TERP and its “Sponsor”, SunEdison (SUNE)”.