Check out the companies that make headlines before the alarm goes off:
Campbell Soup (CPV) – The food maker’s stock jumped 3.7% in money markets after Campbell reported adjusted quarterly profit of 70 cents a share, 9 cents higher than estimates. count. Sales also beat forecasts and the company raised its full-year sales outlook. Campbell also maintained its previous earnings forecast, noting that it now expects core inflation to move higher than its previous outlook.
Thor Industries (THO) – Shares of the entertainment-media maker jumped 6.9% in pre-market trading after better-than-expected quarterly results. Thor earned $6.32 per share, much higher than the consensus estimate of $4.77, amid strong demand for the company’s products. Thor also said it is seeing signs of improving supply chain issues.
Moderna (MRNA) – Moderna added 1.6% to the market before a modified version of its Covid-19 booster shot spurred a stronger immune response than the company’s original vaccine against the virus. omicron variation. The data will be submitted to US regulators in the coming weeks.
Western Digital (WDC) – Western Digital says it is looking at strategic alternatives, including splitting up its flash memory and disk drive businesses. Activist investor Elliott Management, which owns a 6% stake in Western Digital, has been driving those changes. Shares rose 3.8% in pre-market trading.
Roku (ROKU) – Shares of the video-streaming equipment maker rose 8.1 percent in money markets after a Business Insider article highlighted talk inside Roku about a possible acquisition by Roku. Netflix (NFLX).
Hasbro (HAS) – Hasbro will succeed in repelling a board challenge from activist investor Alta Fox, people familiar with the matter have told Reuters. Alta Fox criticized various aspects of the bread machine maker’s strategy and wanted Hasbro to release a Wizards of the Coast unit.
Credit Suisse (CS) – Credit Suisse warns the second quarter is likely to lose money, due to the negative impact of the Russia/Ukraine war, currency tightening and other financial market conditions. The bank did not specify how large of a loss this could be. Credit Suisse fell 6.1% in money markets.
Novavax (NVAX) – Novavax rallied 15.7% in pre-market trading after winning the certification of a Covid-19 vaccine from an FDA advisory panel. The entire FDA will now consider whether to approve the vaccine.
DocuSign (DOCU) – DocuSign stock jumped 4.6% in the buying and selling action before the digital signature technology company announced the expansion of its global partnership with Microsoft (MSFT). This agreement enhances the integration of DocuSign technology into Microsoft software applications.
