The companies are making news before the bell rings.
Lowe's rose 1% in the premarket after it reported quarterly earnings that were 9 cents above estimates. The home improvement retailer saw both revenue and comparable store sales come in below expectations but predicted full-year earnings would come in at the top end of its guidance range.
Target reported quarterly earnings of 39 cents per share, missing the consensus estimate of 72 cents. Target cut prices in order to reduce excess inventory. In the back half of the year, the operating margin rate will improve to about six percent.
Revenue and comparable store sales came in less than expected as the parent of the T.J. Maxx and Marshalls retail chains beat estimates by 3 cents. TJX cut its full-year forecast as well, and the stock fell in the premarket.
Krispy Kreme's profit and revenue for the second quarter were lower than expected. The company said it is seeing a decrease in commodity costs.
Musk said he was joking when he said he was buying the British football team.
Bed Bath & Beyond surged 22.8% in the pre- market after posting over 20% gains in each of the past three sessions. The retailer's shares are up in 14 of the past 15 sessions, more than quadrupling in value.
The life sciences and diagnostics company reported better-than- expected revenue and profit. The full year forecast was raised by the company.
Carl Icahn increased his stake in Southwest Gas to 8.7% from 7.6%.
The French drug maker stopped development of a breast cancer treatment after the market opened. There was no evidence that the drug worked.
All Rights Reserved © 2024
