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Harmonic Inc.’s stock dropped 4.9% in premarket trade Thursday, after the video-delivery infrastructure company lowered its third-quarter revenue outlook. The company now expects revenue in the range of $81 million to $84 million, down from a previous forecast of $92 million to $102 million, according to FactSet. The average estimate of analysts surveyed by FactSet is $99.2 million. The company said it expects the factors that weighed on third-quarter results to extend into the fourth quarter. “Several market factors continue to hamper near-term customer investment decisions; service provider consolidation, particularly within the U.S. and EMEA regions, and the pending release of our new cable edge architecture in mid-2016 amplified the effect,” said Chief Executive Patrick Harshman. The stock has lost 10% year to date through Wednesday, while the S&P 500 has slipped 3.1%.

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Domino’s Pizza Inc. reported a third-quarter profit that rose to $37.8 million, or 67 cents a share, from $35.6 million, or 63 cents a share, but missed the FactSet consensus for earnings per share of 74 cents. Revenue rose 8.5% to $484.7 million, but came in below the FactSet consensus of $487 million. Domestic same-store sales climbed 10.5%, matching the FactSet consensus, while international same-store sales growth of 7.7% topped expectations of a 7.6% increase. “We are pleased with the sustained strong sales and continued momentum behind store growth,” said Chief Executive J. Patrick Doyle. “The things we are doing are working, and we will continue to aggressively lead the industry.” The stock, which was indicated lower in light premarket trade, has climbed 15% year to date through Wednesday, while the S&P 500 has lost 3.1%.

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Shake Shack Inc. has filed for the sale of another up to 26 million shares. The company will not receive any of the proceeds from the offer, which will be conducted by selling shareholders, it said in a filing with the Securities and Exchange Commission. Shares were down 2% in premarket trade, and are down 6% in the last three months, while the S&P 500 has fallen 2.6%. The burger chain went public in January at $21 a share. The stock has since climbed to a peak above $92 in May, and closed Wednesday at $48.48, or 130% above its IPO price.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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Etsy Inc.’s stock was indicated down about 2% in premarket trade Thursday, after Amazon.com Inc. announced the launch of a rival to the online crafts marketplace called Handmade at Amazon. The new Amazon online store describes itself as a place “customers can discover artisans from around the world, and shop local from artisans based in their community with the familiar Amazon experience they know and trust.” Meanwhile, Etsy calls itself a marketplace “where people around the world connect, both online and offline, to make, sell and buy unique goods.” Etsy’s stock went public on April 16, closing that first day at $30, or 88% above its initial public offering price of $16. On Wednesday, it closed 11% below its IPO price at $14.18.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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The pound declined in midday trade on Thursday after the Bank of England, as expected, made no changes to its monetary policy at its October meeting. Sterling dropped to $1.5316, down from around $1.5344 ahead of the rate decision and below the $1.5318 recorded late Wednesday in New York. The U.K. central bank’s Monetary Policy Committee voted 8-1 to keep its key lending rate at record low of 0.5%, where it has stood since March 2009. The MPC voted unanimously to keep its 375 billion pound ($574.54 billion) quantitative-easing program unchanged. “With inflation below the target, and the likelihood that at least some spare capacity remains in the economy, the MPC intends to set monetary policy so as to ensure that growth is sufficient to absorb any remaining underutilized resources,” the committee said in the minutes, published alongside the rate decision. “That will support domestic cost growth and is necessary to ensure that inflation is on track to return sustainably to the 2% target rate within two years,” it said.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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Talen Energy Corp. said on Thursday it is selling three Pennsylvania power plants for $1.51 billion in cash. Talen’s Ironwood natural gas-fired plant is being sold to a subsidiary of TransCanada Corp. for $654 million, and the Holtwood and Wallenpaupack hydroelectric projects are being sold to a Brookfield Renewable Energy Partners L.P. sub for $860 million. The deals are expected to close in the first quarter of 2016. Talen expects to use the net proceeds of the deals, which should total $1.16 billion, to pay down debt. Talen’s stock, which was still inactive in premarket trade, has tumbled 39% over the past three months, while the S&P 500 has lost 2.5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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Canada Pension Plan Investment Board (CPPIB) and The Broe Group said Thursday they have agreed to purchase oil & gas assets from Encana Corp. for a value of about $900 million. CPPIB will own 95% of the assets, while The Broe Group will own 5%, the companies said in a statement. The deal is expected to close in the fourth quarter. The assets are located in northeast Colorado and produced an average of 52 million cubic feet per day of natural gas and 14,800 barrels a day of crude oil and natural gas liquids in the first half. Encana shares were not yet active in premarket trade, but are down 37% in the year so far, while the S&P 500 has lost 3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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