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Mallinckrodt PLC shares dropped 8.6% in premarket trade Tuesday after the company reported third-quarter profit and revenue misses. Earnings for the latest quarter declined to $63.7 million, or 66 cents per share, from $115 million, or $1.06 per share in the year-earlier period. Adjusted earnings-per-share were $1.97, above the FactSet consensus of $1.81. Revenue declined to $793.9 million from $887.2 million, below the FactSet consensus of $807.8 million. Mallinckrodt shares have dropped 23.8% over the last three months to $31.18, compared with a 4.4% rise in the S&P 500 .

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Teligent Inc. shares dropped 38.1% in premarket trade Tuesday after the company reported third-quarter profit and revenue misses late Monday and lowered its 2017 revenue guidance. The company reported a loss of $6.33 million, or a loss of 12 cents per share, wider than a loss of $2.70 million, or a loss of 5 cents per share in the year-earlier period. Adjusted loss-per-share was 8 cents, below the FactSet consensus of a loss of 1 cent. Revenue declined to $13.66 million from $16.15 million, below the FactSet consensus of $19.1 million. The latest results were affected by generic approval delays — the company had four products approved in the latest quarter and now has 32 applications on file with the Food and Drug Administration, it said — and more competition for one of Teligent’s largest products. Teligent now expects 2017 revenue of $65 million to $67 million, below previous guidance of $75 million to $85 million. Teligent shares have plummeted 26.7% over the last three months to $5.25, compared with a 4.4% rise in the S&P 500 .

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Organic products maker Hain Celestial Group Inc. said Tuesday it had net income of $19.8 million, or 19 cents a share, in its fiscal first quarter to end September, up from $8.6 million, or 8 cents a share, in the year-earlier period. Adjusted per-share earnings came to 23 cents, matching the FactSet consensus. Sales rose 4% to $708.3 million, ahead of the FactSet consensus of $697 million. The company said it still expects fiscal 2018 sales of $2.967 billion to $3.036 billion and adjusted EPS of $1.63 to $1.80. Shares were not yet active premarket, but have fallen 12% in 2017, while the S&P 500 has gained 16%.

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Shares of Teva Pharmaceutical Industries Ltd. sank 3.6% in premarket trade Tuesday, after the Israel-based generic drug maker’s credit rating was cut by two notches into “junk” territory by Fitch Ratings. Teva’s most active bonds, the 3.150% notes that mature in October of 2026, fell about 3 points to 83 cents on the dollar, sending its yield up to 5.466%. The spread widened by 27 basis points to 315 basis points over comparable Treasuries. The credit rating agency said the cut in the rating, down to BB from BBB-, reflects concerns over “significant operational stress” at a time when it needs to reduce debt. “Pricing pressure in Teva’s North American generics segment and erosion of sales of Copaxone will continue to weigh on free cash flow in the near term, requiring the company to continue to sell assets or find external capital resources to meed debt obligations in 2018 and 2019 and beyond,” Fitch said in a statement. The rating outlook is negative. Teva’s stock has plunged 66% year to date through Monday, while the SPDR S&P Pharmaceuticals ETF has gained 5.4% and the S&P 500 has climbed 16%.

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SeaWorld Entertainment Inc. reported third-quarter earnings on Tuesday that were below Wall Street expectations. Net income for the quarter was $55.03 million, or 64 cents per share, down from $65.66 million, or 77 cents per share during the same quarter a year ago. FactSet’s per-share earnings consensus was 80 cents. SeaWorld revenue was $437.71 million, down from $485.32 in the year-earlier period, and below FactSet’s $457.00 million revenue consensus. SeaWorld said that park attendance during the quarter fell by 732,000 guests year-over-year. Shares of SeaWorld were inactive in premarket trade. The company said it implemented a cost savings and restructuring plan that will see 350 jobs cut. SeaWorld plans to meet its goal of $40 million in net cost savings by the end of 2018. Shares of SeaWorld have declined nearly 41% in the year to date, while the S&P 500 index is up close to 16% and the Dow Jones Industrial Average is up more than 19%.

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Valeant Pharmaceuticals International Inc. shares surged 12.1% in premarket trade Tuesday after the company reported a third-quarter revenue beat and lowered its 2017 revenue outlook. Earnings for the latest quarter rose to $1.30 million, or $3.69 per share, from $1.22 million, after a loss of $3.49 per share in the year-earlier period. A Valeant spokesperson said in an email that the company doesn’t report adjusted EPS but instructed MarketWatch to calculate one based on shares outstanding. The FactSet earnings-per-share consensus was 89 cents. Revenue declined to $2.22 billion after $2.48 billion, compared with the FactSet consensus of $2.16 billion. Valeant also lowered its 2017 revenue outlook, and now expects revenue of $8.65 billion to $8.80 billion, down from $8.70 to $8.90 billion. Valeant shares have dropped 21.7% over the last three months, compared with a 4.4% rise in the S&P 500 .

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Lyft Inc. Chief Operating Officer Rex Tibbens is stepping down, according to a report late Monday. Axios said Tibbens plans to leave the company by year’s end. Tibbens joined the ride-sharing company in 2015 and previously worked at Amazon.com Inc. and Dell Inc. “In the new year, he’ll spend time advising companies, reacquainting himself with his family, and figuring out what’s next,” Lyft said in an email to employees that Axios acquired. Lyft did not say who will replace Tibbens. The position will be crucial if the rival to Uber Technologies Inc. is to go public next year, as some analysts have suggested. Last month, Lyft raised another $1 billion in funding, at a valuation of $11 billion.

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Hollywood mogul Harvey Weinstein hired private security companies to gather information on women accusing him of sexual misconduct and journalists investigating their reports, according to a new report published Monday by The New Yorker. Those companies reportedly included Kroll, a global corporate intelligence firm, and Black Cube, a business intelligence company made up largely of former Israeli intelligence officers. Citing multiple documents and sources, The New Yorker said Weinstein hired the firms to send agents using false identities to get close to people, such as actress Rose McGowan, to find out what damaging information they had. Through those investigations, Weinstein was able to keep tabs on who might speak out against him, the report said, and allegedly made efforts to pressure them into silence. According to one contract cited in the report, one investigation was explicitly undertaken to suppress the allegations that eventually emerged last month in The New Yorker and the New York Times that resulted in Weinstein’s downfall. Weinstein’s spokesperson called the report “fiction.”

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Salesforce Inc. said late Monday it expects 20% revenue growth in fiscal 2019 as the cloud-software company launched its Dreamforce convention in San Francisco. The company forecast fiscal 2019 revenue of $12.45 billion to $12.5 billion, compared with its expected fiscal 2018 revenue of $10.4 billion. Analysts surveyed by FactSet expect revenue of $12.46 billion in fiscal 2019 and $10.39 billion in fiscal 2018, which ends in January. Earlier in the day, Salesforce announced a cloud partnership with Alphabet Inc.’s Google. Shares of Salesforce rose 2.6% to $105.08 after hours.

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