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FinanceDarden Restaurants, Winnebago, FedEx and others

Darden Restaurants, Winnebago, FedEx and others

Check out the businesses making headlines earlier than the bell:

Darden Restaurants (DRI) – The guardian of Olive Garden, Longhorn Steakhouse and different restaurant chains beat estimates by 5 cents with quarterly earnings of $1.48 per share and income that additionally topped forecasts. Same-restaurant gross sales jumped 34.4%, larger than the 32.6% consensus estimate compiled by StreetAccount, and Darden issued an upbeat forecast. Separately, Darden introduced that CEO Eugene Lee will retire in May 2022, to get replaced by present President and Chief Operating Officer Ricardo Cardenas. Darden fell 5% within the premarket.

Winnebago (WGO) – The leisure automobile maker added 3.4% in premarket buying and selling after a large bottom-line beat for its fiscal first quarter. Winnebago earned $3.51 per share, in contrast with the consensus estimate of $2.26 and income that additionally got here in above analyst forecasts.

FedEx (FDX) – The supply service’s shares rallied 5.9% within the premarket after beating estimates on the highest and backside strains for its newest quarter. FedEx earned an adjusted $4.83 per share, beating the $4.28 consensus estimate, with larger transport charges serving to to make up for elevated bills.

Rivian (RIVN) – The electrical automobile maker misplaced $1.23 billion for the third quarter stemming from bills to start manufacturing of its electrical pickup truck. It was Rivian’s first quarterly report since going public, and income was $1 million from its first deliveries. The inventory tumbled 7.9% in premarket buying and selling.

Bottomline Technologies (EPAY) – Bottomline shares soared 15.1% within the premarket after the fintech firm agreed to be acquired by non-public fairness agency Thoma Bravo for $57 per share in money, or $2.6 billion.

Cerner (CERN) – The healthcare information-technology firm’s inventory soared 18.9% in premarket buying and selling after the Wall Street Journal reported that Oracle (ORCL) was in talks to purchase Cerner in a possible $30 billion deal. Oracle fell 4.6%.

Johnson & Johnson (JNJ) – J&J shares fell 2.1% within the premarket after the CDC advisable that adults obtain the Pfizer (PFE) or Moderna (MRNA) Covid-19 vaccines quite than the J&J shot. The CDC cited new information displaying larger ranges of a blood clotting situation than beforehand thought, though that situation stays uncommon.

Affirm Holdings (AFRM) – The “buy now pay later” firm’s inventory fell 2.3% within the premarket after the Consumer Financial Protection Bureau mentioned it was launching an inquiry into companies that provide such plans.

Novavax (NVAX) – The drug maker’s inventory rose 1.3% in premarket motion on a Financial Times report that the European Medicines Agency could approve its Covid-19 vaccine for emergency use as early as subsequent week.

U.S. Steel (X) – The metal maker’s inventory slid 4.4% within the premarket after the corporate issued lower-than-expected current-quarter steerage, with larger bills and cautious buyer shopping for patterns offsetting improved metal pricing.

Steelcase (SCS) – The workplace furnishings maker reported lower-than-expected revenue and income for the third quarter, with Steelcase saying its outcomes have been impacted by provide chain points and larger prices. Steelcase fell 4.4% in premarket buying and selling.

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