Check out the companies that are making news.
Ahead of its investor day, the drug store operator issued new guidance, saying it expects an adjusted profit of $8.10 to $8.30 per share in 2022, compared with an $8.24 consensus estimate and better-than-expected revenue. In the premarket, the shares rallied 2.2% after the company raised its outlook.
Hormel beat estimates by a penny with quarterly earnings of 51 cents per share, and revenue that also topped Wall Street forecasts. Hormel saw double-digit growth across all of its business segments.
The company formerly known as Restoration Hardware reported adjusted quarterly earnings of $7.03 per share, 40 cents above estimates, while the luxury home furnishings retailer's revenue beat forecasts. The revenue outlook was lifted by the company. In premarket action, the company surged 10.1%.
Rent The Runway fell 11.3% in the premarket after the fashion rental company posted a loss that was wider than a year ago and reported subscriber numbers that have not yet returned to pre-pandemic levels. Sales increased by 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266 800-381-0266
After the videogame retailer posted a wider loss compared with a year earlier and also disclosed an August subpoena from the SEC involving the trading of its shares, its shares slid 4% in premarket trading.
Changes to the App Store were delayed by an appeals court decision. An earlier ruling had ordered Apple to allow developers to offer payment alternatives outside of the App Store. When the share price hits $182.86, Apple will have a $3 trillion valuation.
The FDA approved the drug maker's Covid-19 treatment for patients who can't get adequate protection from vaccine.
The electric vehicle maker announced a $1.75 billion offering of convertible senior notes.
The medical lab operator announced a number of steps to enhance shareholder value, including the initiation of a dividend in the second quarter of 2022.
The parent company of Pizza Hut and other fast food chains was upgraded to overweight by Atlantic Equities, which sees the possibility of rising returns from the restaurant chain. There was a 1% rise in the premarket.
J.P. Morgan Securities rated FuboTV as an "overweight" due to its sports-centered offerings. The stock jumped in premarket trading.
