Market Movers Today: Snap Inc (SNAP), Wynn Resorts, Limited (WYNN), Perry Ellis International, Inc. (PERY), and More

MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) (The Motley Fool)
What happened: Shares of semiconductor supplier MACOM Technology Solutions Holdings (NASDAQ:MTSI) tumbled on Wednesday after the company reported disappointing fiscal first-quarter results. It missed analysts’ estimates on all fronts, and it provided guidance that fell well short of expectations. The stock was down about 32% as of 12:30 p.m. EST. So what: For the period, which ended Dec. 29, MACOM reported revenue of $130.9 million, down 13.7% year over year and roughly $2 million below analyst’s average estimate.

tronc Inc (NASDAQ:TRNC) (MarketWatch)
Tronc Inc. TRNC, +25.58% said Wednesday that it has sold the Los Angeles Times and the San Diego Union-Tribune for $500 million to businessman Patrick Soon-Shiong, a medical doctor and an investor in Tronc. Shares of Tronc rose 66% in premarket trade after the news. The sale includes various other titles in the California News Group. Soon-Shiong is acquiring the newspapers through his private investment vehicle Nant Capital, and in addition to the $500 million price tag there is the assumption of $90 million in pension liabilities.

Halcon Resources Corp (NYSE:HK) (Benzinga)
Halcon Resources Corporation declined 7.5 percent to $6.99. Halcon disclosed an offering of 1.2 million shares. The company also announced the acquisition of 22,617 net acres in Ward County, Texas at an average price of $14,674 per acre.

Extreme Networks, Inc (NASDAQ:EXTR) (Madison.com)
What happened: Shares of networking equipment maker Extreme Networks (NASDAQ: EXTR) are having a rough morning after it delivered mixed second-quarter earnings report, falling as much as 14.2% as of 11:17 a.m., EST. So what: In Q2, Extreme Networks sales rose 56% year over year to $231 million. On the bottom line, adjusted earnings increased from $0.12 to $0.14 per share. Your average analyst had been looking for earnings of $0.13 per share on sales near $242 million.

Sanofi SA (ADR) (NYSE:SNY) (CNBC)
Sanofi – Sanofi said it sees a return to profit growth this year, on the strength of recent acquisitions. The French drugmaker reported lower earnings for the fourth quarter, however, and gave a forecast that fell short of some analysts’ estimates.