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Delta Air Lines, PepsiCo, Mirror Knoll, etc.

People line up at a Delta check-in counter at JFK International Airport in New York City on June 30, 2023.

David Dee Delgado | Getty Images

Check out the companies that make headlines before the bell.

delta airlines — Delta Air Lines rose 4% after airline acquisition Reported record quarterly earnings and earningsand raised its earnings forecast for 2023. Delta posted adjusted earnings of $2.68 per share, beating analyst estimates of $2.40 in a Refinitiv survey. Adjusted revenue was $14.61 billion, beating consensus expectations of $14.49 billion.

Mirror Knoll — Miller Kol shares fell more than 5% before the market. The furniture company, which makes Noguchi tables and Eames office chairs, beat earnings expectations for the fourth quarter of the fiscal year. MillerKnoll reported adjusted earnings of 41 cents per share on sales of $957 million. Analysts polled by Refinitiv had forecast earnings of 39 cents a share and revenue of $946 million.

pepsico — Beverage stocks rose 2% after PepsiCo beat earnings and revenue estimates in recent earnings on Thursday and raised its full-year outlook. The company reported adjusted earnings of $2.09 per share, beating Refinitiv’s consensus forecast of $1.96 per share. It reported revenue of $22.32 billion, beating its $21.73 billion forecast.

walt disney company — The entertainment giant’s stock rose about 1.5% in premarket trading after Disney’s announcement CEO Bob Iger’s contract extended until 2026. Iger previously told CNBC that he has no plans to return to Disney until 2024.

via sat — Shares fell more than 22% after ViaSat revealed problems with its recently launched communications satellite, dubbed the ViaSat-3 Americas satellite, which launched in April.

Calvana — Online used car dealers Downgraded from Neutral to Underweight by JP Morgan. The Wall Street firm said Carvana’s valuation “has deviated significantly from its fundamentals.” A price target of $10 implies a 74% downside.

alphabet — Alphabet rose more than 1% after announcing it was Deploy the Bard chatbot in the European Union and Brazil.

meta platform — Meta increased by more than 1%.a Financial Times report, A person familiar with the matter said the social media company plans to release a commercial version of its artificial intelligence model to compete with Microsoft and Alphabet. Its language model, called LLaMA, was previously released to researchers and academics.

Cirrus Logic — Chip stocks rose more than 1% after Cirrus Logic said: Regulatory application The company said it would cut its workforce by about 5% worldwide, citing “overall market conditions.”

coin base — Shares down 1% after Barclays Downgraded crypto platform to underweight With similar weight, investors said they would sell Coinbase ahead of the earnings report.

SoFi technology — Shares fell 3.7% in pre-market trading. Downgraded to underweight by Morgan Stanley. The company said SoFi works more like a full-fledged bank and should be valued as such. SoFi’s stock has nearly doubled so far this year.

— CNBC’s Michelle Fox and Jessie Pound contributed to the report

Summarize this content to 100 words People line up at a Delta check-in counter at JFK International Airport in New York City on June 30, 2023.David Dee Delgado | Getty ImagesCheck out the companies that make headlines before the bell.delta airlines — Delta Air Lines rose 4% after airline acquisition Reported record quarterly earnings and earningsand raised its earnings forecast for 2023. Delta posted adjusted earnings of $2.68 per share, beating analyst estimates of $2.40 in a Refinitiv survey. Adjusted revenue was $14.61 billion, beating consensus expectations of $14.49 billion.Mirror Knoll — Miller Kol shares fell more than 5% before the market. The furniture company, which makes Noguchi tables and Eames office chairs, beat earnings expectations for the fourth quarter of the fiscal year. MillerKnoll reported adjusted earnings of 41 cents per share on sales of $957 million. Analysts polled by Refinitiv had forecast earnings of 39 cents a share and revenue of $946 million.pepsico — Beverage stocks rose 2% after PepsiCo beat earnings and revenue estimates in recent earnings on Thursday and raised its full-year outlook. The company reported adjusted earnings of $2.09 per share, beating Refinitiv’s consensus forecast of $1.96 per share. It reported revenue of $22.32 billion, beating its $21.73 billion forecast.walt disney company — The entertainment giant’s stock rose about 1.5% in premarket trading after Disney’s announcement CEO Bob Iger’s contract extended until 2026. Iger previously told CNBC that he has no plans to return to Disney until 2024.via sat — Shares fell more than 22% after ViaSat revealed problems with its recently launched communications satellite, dubbed the ViaSat-3 Americas satellite, which launched in April.Calvana — Online used car dealers Downgraded from Neutral to Underweight by JP Morgan. The Wall Street firm said Carvana’s valuation “has deviated significantly from its fundamentals.” A price target of $10 implies a 74% downside. alphabet — Alphabet rose more than 1% after announcing it was Deploy the Bard chatbot in the European Union and Brazil.meta platform — Meta increased by more than 1%.a Financial Times report, A person familiar with the matter said the social media company plans to release a commercial version of its artificial intelligence model to compete with Microsoft and Alphabet. Its language model, called LLaMA, was previously released to researchers and academics.Cirrus Logic — Chip stocks rose more than 1% after Cirrus Logic said: Regulatory application The company said it would cut its workforce by about 5% worldwide, citing “overall market conditions.”coin base — Shares down 1% after Barclays Downgraded crypto platform to underweight With similar weight, investors said they would sell Coinbase ahead of the earnings report.SoFi technology — Shares fell 3.7% in pre-market trading. Downgraded to underweight by Morgan Stanley. The company said SoFi works more like a full-fledged bank and should be valued as such. SoFi’s stock has nearly doubled so far this year. — CNBC’s Michelle Fox and Jessie Pound contributed to the report
https://www.cnbc.com/2023/07/13/stocks-making-the-biggest-moves-premarket-delta-air-lines-pepsico-millerknoll-and-more.html Delta Air Lines, PepsiCo, Mirror Knoll, etc.

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