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Michael Kors, Akamai Technologies, Hasbro, Tesla Inc - PRE-MARKET

Proactive takes a look at what's piquing interest in pre-market deals in New York

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Michael Kors unveiled earnings and revenues, which topped analysts' expectations.

In pre-market trade on Wednesday, luxury handbag maker Michael Kors (NYSE:KORS) was in focus, with shares up 7.89% to US$70.60.

The group unveiled earnings and revenues, which topped analysts' expectations.

It came after another successful showing by Coach parent Tapestry yesterday.

Akamai Technologies (NASDAQ:AKAM) was another riser in New York's pre-market, up 7.63% to US$68.53.

Its fourth quarter numbers beat EPS (earnings per share) and revenue estimates.

A US$52mln restructuring charge was made in the three months, mainly including workforce reductions and facility closures.

Meanwhile, Hasbro Inc (NYSE:HAS), the games maker, shed 3.18% to US$90.94 as it revealed that sales of 'Star Wars' and 'Frozen' toys lagged behind in its fourth quarter.

The firm had revenue of US$1.60bn against US$1.72bn, which had been projected.

 

Electric car giant and Elon Musk firm Tesla Inc (NASDAQ:TSLA) is set to report after the bell later.

Shares are up 0.89% to US$336.95 in pre-market deals and closed 0.25% up on Tuesday.

The group is forecast to report quarterly loss at US$3.12 per share on revenue of US$3.28bn.

Quick facts: Michael Kors Holdings

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NYSE:KORS
Market: NYSE
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