Check out the companies that are making news.
The drug store operator's shares gained 2.9% in the premarket, after beating estimates on both the top and bottom lines for its latest quarter. Demand for Covid-19 vaccinations and testing boosted Walgreens' adjusted earnings by $1.68 per share.
Bed Bath & Beyond reported an adjusted quarterly loss of 25 cents per share compared with a consensus estimate of breakeven. Overall and comparable-store sales were below expectations.
After reporting earnings, the spirits producer's stock fell 2% in the premarket, before recovering that loss. The company earned an adjusted $3.12 per share, compared with a $2.76 consensus estimate, with sales also beating forecasts.
ConAgra fell 1% in the premarket after missing estimates by 4 cents with an adjusted quarterly profit of 64 cents per share, although revenue was slightly above forecasts. ConAgra raised its full-year sales forecast because of higher prices and strong demand for frozen foods.
Helen of Troy shares added 2.2% in premarket trading after the household products company beat consensus estimates and raised its earnings outlook. Helen of Troy's adjusted quarterly profit was well above the $3.11 that analysts were expecting. The results were driven by double-digit growth in beauty products.
The CDC recommends the use of the Pfizer/BioNTech Covid-19 vaccine as a booster shot for children between the ages of 12 and 15. The agency believes that about half of the group is fully protected and that a third of them will return for the booster shot. Pfizer was little changed while BioNTech rose 2.5%.
Chris Cocks, the head of the digital gaming business, will become the next CEO of the toymaker on February 25. Rich Stoddart has been filling in since the death of Brian Goldner.
The stock reversed an earlier premarket slide and rose 1% after BofA Securities upgraded it to a buy. After the release of the Fed meeting minutes yesterday, the shares of the exchange operator fell for a fourth day in a row.
Datadog's shares added 2.2% in the premarket after the company announced a new partnership with Amazon Web Services, which will focus on developing and tightening product alignment.
The home security products provider lost 2% in premarket trading after it was cut to Sector perform from Outperform by the investment bank. Component and wage inflation are cited by the bank.
Morgan Stanley upgraded Allbirds stock to "overweight" from "equal-weight", and its stock rallied 5.7% in the premarket. The firm said that the company's valuation is attractive because of a recent decline in the stock and growth prospects.
