Try the businesses making headlines earlier than the bell:
Accenture (ACN) – The consulting agency’s shares fell 3.3% within the premarket after its quarterly income beat forecasts however earnings had been impacted by the price of its Russia exit. Accenture raised its full-year income forecast however lower the highest finish of its projected earnings vary resulting from a greater-than-expected destructive impression from overseas change.
Darden Eating places (DRI) – The dad or mum of Olive Backyard and different restaurant chains reported better-than-expected revenue and income for its newest quarter. It additionally elevated its quarterly dividend by 10% and licensed a brand new $1 billion share repurchase program. Darden added 3.4% in premarket buying and selling.
FactSet (FDS) – The monetary info supplier beat prime and bottom-line estimates for its newest quarter. It additionally backed its prior full-year steerage, with progress projected on the higher finish of its projected vary.
Ceremony Assist (RAD) – Ceremony Assist shares jumped 4.3% in premarket motion after reporting better-than-expected income and a smaller-than-expected quarterly loss.
KB Dwelling (KBH) – KB Dwelling reported quarterly earnings of $2.32 per share, beating the $2.03 consensus estimate, and the house builder’s income additionally got here in above analyst forecasts. Nevertheless, it mentioned rising rates of interest and increased costs had been starting to have a destructive impression on gross sales progress. KB Dwelling jumped 3% in premarket buying and selling.
Occidental Petroleum (OXY) – Berkshire Hathaway (BRK.B) purchased an extra 9.6 million shares of Occidental Petroleum, elevating its stake within the power producer to 16.3%. Occidental rallied 2.9% in premarket motion.
Steelcase (SCS) – Steelcase shares rose 3.1% in premarket buying and selling after the workplace furnishings maker reported better-than-expected quarterly outcomes. Increased costs and elevated demand helped offset rising prices stemming partly from provide chain difficulties.
WeWork (WE) – The office-sharing firm’s inventory rose 3.3% within the premarket after Credit score Suisse initiated protection of the inventory with an “outperform” ranking. Credit score Suisse feels WeWork is among the many corporations that can profit from the rise in hybrid work and co-working, in addition to demographic traits.
Snowflake (SNOW) – The cloud computing firm’s inventory was upgraded to “overweight” from “neutral” at J.P. Morgan Securities, which pointed to a beautiful valuation in addition to extraordinarily excessive satisfaction ranges amongst Snowflake clients. Snowflake surged 6.1% in premarket buying and selling.
Revlon (REV) – Revlon slid 5.7% within the premarket, signaling a potential finish to the three-day win streak that adopted its Chapter 11 chapter submitting final week. The cosmetics maker’s shares have surged more than fourfold over the previous 3 periods.
