Check out the companies that make the headlines before the doorbell rings:
Lowe’s (LOW) – The home improvement retailer reported adjusted quarterly earnings of $ 4.25 per share, beating the consensus estimate of $ 4.01. Revenue beat projections, and the same store’s 1.6% decline in revenue was less than the 2.2% decline forecast by analysts. Lowe’s also raised its financial outlook for the full year as home builder and professional spending increased. Lowe’s was up 4.3% before the IPO.
Target (TGT) – The retailer beat estimates by 15 cents with adjusted quarterly earnings of $ 3.64 per share and revenue slightly above analyst forecasts. The like-for-like store sales rose by 8.9%, slightly above the consensus estimate of 8.8%. Despite exceeding analyst forecasts, the Target share lost 1.8% in pre-market trading.
Krispy Kreme (DNUT) – The donut chain fell a penny below Street forecasts with adjusted quarterly earnings of 13 cents per share, despite sales beating estimates. Krispy Kreme also issued a better-than-expected sales forecast based on the forecasted strength of online orders and new menu items. The share gained 2.9% before the trading session.
Alcon (ALC) – The eye care and surgical products maker gained 9.8% in premarket after reporting better-than-expected quarterly results and increasing its forecast for the year. The quarter marked the debut of Alcon’s Vivity intraocular contact lens, which analysts say will fuel sales growth.
Moderna (MRNA), BioNTech (BNTX) – Moderna was up 1.6% in pre-market trading while BioNTech was up 1% ahead of an expected White House announcement calling for a booster vaccination for Americans who are already fully against Covid-19 are vaccinated.
T-Mobile (TMUS) – After research, the wireless operator now says the personal information of approximately 7.8 million customers was compromised in a recent data breach. This included dates of birth, social security numbers, and driver’s license information, although no financial information was stolen.
ViacomCBS (VIAC) – The media giant’s shares rose 2.7% pre-market after Wells Fargo Securities upgraded the stock from “equilibrium” to “overweight”. Wells Fargo said ViacomCBS is one of the players who could benefit from industry consolidation and is also impressed with the company’s upcoming programming for the company’s Paramount + streaming service.
BlackBerry (BB) – The communications software maker announced that it has released software patches to fix an issue with older versions of its QNX operating system and has notified all customers. US officials said yesterday that the software bug could put cars and medical equipment at risk. The BlackBerry share rose by 2.3% before the IPO.
Tilray (TLRY) – Shares in the Canada-based cannabis producer rose 8.1% in early trading after closing a deal to purchase $ 166 million in convertible bonds from US producer MedMen Enterprises. Canadian producers can’t yet directly own a U.S.-based marijuana company, but Tilray could be ready to take advantage of the deal if U.S. laws change.
Agilent Technologies (A) – Agilent was up 1.9% in premarket after the life science company beat last quarter revenue and earnings estimates and raised its full year forecast. Agilent said its metrics are bullish across all of its units, adding that its non-Covid diagnostics business has rebounded beyond pre-pandemic levels.