Check out the companies that make headlines before the bell:
General Mills (GIS) – General Mills reported higher-than-expected quarterly earnings, up 1.6% in front of the market after raising its full-year outlook. Food manufacturers earned 84 cents per adjusted adjusted share. That’s 6 cents above the estimate, and revenue is basically in line with analysts’ expectations. General Mills said the demand for food at home continues to rise.
Winnebago (WGO) – RV carmakers reported adjusted quarterly earnings of $ 3.14 per share, above consensus estimates of $ 2.94 and earnings above Street expectations. The results were helped by strong consumer demand and higher prices. However, Winnebago stocks fell 2.4% in pre-marketing behavior.
GameStop (GME) – GameStop surges 12.4% in pre-market trading after SEC filing shows that President Ryan Cohen has bought an additional 100,000 shares and raised the shares of video game retailers to 11.9%. Did.
Adobe (ADBE) – Adobe’s adjusted quarterly earnings of $ 3.37 per share exceeded estimates by 3 cents. Software makers’ revenues were slightly higher than expected. However, Adobe has reduced its forecast for key subscription revenue indicators in anticipation of a $ 75 million blow to existing businesses in Russia and Belarus. Adobe fell 2.7% in the premarket.
Tilray (TLRY), Canopy Growth (CGC), Aurora Cannabis (ACB), Sundial Growers (SNDL) – US-listed marijuana stocks surged in front of the market following news of two acquisitions in the industry. Cresco Labs has purchased Columbia Care for $ 2 billion in shares, and Aurora Cannabis has acquired Thrive Cannabis’s parent, Terra Farma, in addition to $ 38 billion in cash and shares for specific incentives. Tilray soared 10.9% in the premarket, Canopy Growth soared 4%, Aurora Cannabis soared 7.6%, and Sundial soared 8.6%.
Okta (OKTA) – Okta said no evidence of ongoing malicious activity was found in the preliminary investigation following news of hacker infringement. Digital certification companies said up to 366 customers could have been affected by the breach, but hackers said they had limited access. Okta fell 3.6% in pre-market action.
Nielsen Holdings (NLSN) – Private equity firms Brookfield Asset Management and Elliott Investment Management are considering increasing their offers to Nielsen, according to people familiar with the issue they spoke to Bloomberg. Nielsen rejected the previous offer of $ 25.40 per share for underestimating the company.
Poshmark (POSH) – Poshmark fell 9.4% in the premarket after new and used clothing market operators provided weaker guidance than expected this quarter. Poshmark reported higher-than-expected earnings for the most recent quarter and slightly lower-than-expected losses.