Check out the companies that make headlines before the bell:
Darden Restaurant (DRI) – Olive Garden and the parent company of other restaurant chains reported quarterly revenue of $ 1.93 per share, but lacked a consensus estimate of $ 2.10, and revenue and same-store sales are also analysts. Is lower than expected. According to Darden, the Omicron variant had a significant impact on guest demand, staffing and costs in January, but the environment has improved since then. Darden fell 1.7% in the premarket.
KB Home (KBH) – KB Home had a quarterly earnings of $ 1.47 per share, below the 9-cent estimate, and homebuilder earnings below Wall Street’s forecast. KB Home said it is addressing supply and labor issues that impede its ability to complete housing construction. KB Home shares fell 3.6% in pre-market trading.
Spotify Technology (SPOT) – Spotify’s share surged 3.7% in the premarket after reaching an agreement with Google on Alphabet (GOOGL), which allows subscribers to sign up for the service directly from the Google Play store. Dating service provider Match Group (MTCH) – another company that sparred with Google over app store pricing – rose 3.4% following Spotify news.
Nikola (NKLA) – After announcing the start of production of electric trucks at its Coolidge, Arizona plant last week, Nikola surged 15.1% in pre-marketing behavior, clarified in last month’s most recent quarterly earnings report. Achieved the goal.
GameStop (GME) – GameStop continues to be monitored after video game retailers’ stock prices surged 14.5% on Wednesday, after President Ryan Cohen bought another 100,000 shares and raised the shares to 11.9%. It rose for 7 consecutive days. GameStop fell 5.2% in pre-market trading.
FactSet (FDS) – A financial information provider reported adjusted quarterly earnings of $ 3.27 per share, compared to a consensus estimate of $ 2.98. Revenues also exceeded Wall Street’s forecast, and FactSet released a bright forecast.
Trip.com (TCOM) – Trip.com surged 6.2% in front of the market after a China-based travel service provider reported unexpected profits and revenues that exceeded analysts’ expectations in the last quarter.
HB Fuller (FUL) – Industrial Adhesives and Specialty Chemicals manufacturers reported higher-than-expected profits and revenues in the quarter, raising their full-year forecasts and then showing a 5.7% recovery in front of the market. Mr Fuller said he was prepared to raise prices to address rising raw material and logistics costs and to do so again if necessary.
Steelcase (SCS) – Office furniture makers reported unexpected losses in the last quarter, although revenues exceeded analysts’ estimates. Steelcase said the results were affected by supply chain disruptions and inflationary pressures. It also announced weaker forecasts, with its stocks down 5.4% in pre-market trading.
Logitech (LOGI) – Manufacturers of keyboards, mice and other computer peripherals increased 3.5% in the premarket after Bank of America Securities began reporting on a “buy” rating. BofA said the stock is an attractive entry point given Logitech’s growth prospects and strong performance.