Stock futures were pointing to a higher opening as strong earnings from Intel and JP Morgan Chase offset a larger-than-expected drop of 0.3% in September import prices.
Here are some early-market movers for Wednesday.
According to Bloomberg, the mobile broadband operator is looking to raise up to $5 billion by leasing airwave space to major telecom operators who are bidding for the bandwidth. Shares were up 10.3% in pre-market trading.
Aixtron (NASDAQ: AIXG)
Shares of the German semiconductor company were up 9.5% in pre-market trading on positive industry sentiment following Intel’s earnings beat.
Mistras Group Inc (NYSE: MG)
The infrastructure safety evaluator posted first-quarter results late Tuesday reporting earnings of 6 cents per share in line with estimates and revenue of $68.4 million which beat expectations of $66.5 million. Shares were up 7.2% in pre-market trading Wednesday.
Adtran Inc. (NASDAQ:ADTN)
The network and communications equipment company posted third-quarter results beating expectations with earnings of 50 cents per share on revenue of $163 million. Analysts had estimated earnings of 44 cents per share and revenue of $156 million. Shares were up 6.3% in pre-market trading.
MGM Resorts (NYSE: MGM)
The casino operator announced it has plans along with its largest shareholder to sell 68.7 million shares. The stock was trading 5.9% lower in pre-market trading.
Linear Technology Corp (NASDAQ: LLTC)
The chipmaker released first-quarter results after the close Tuesday reporting earnings of 59 cents per share. The Street had been looking for earnings of 62 cents per share. Shares slipped 4.1% in pre-market trading Wednesday.