Check out the companies that make headlines before the bell:
Autonation (AN) – Automobile retailers reported quarterly earnings of $ 4.83 per share. This is well above the $ 2.81 consensus estimate. Revenues also exceeded consensus, with new car sales at the store up 42% and used car sales up 37% compared to a year ago. AutoNation added 1.1% in pre-market transactions.
Cal-Maine Foods (CALM) – The country’s largest egg producer posted an unexpected loss of 9 cents per share in the last quarter after analysts forecast a profit of 18 cents per share. Sales were also lower than expected due to lower egg prices and lower egg volumes.
Tractor supply (TSCO) – Agricultural equipment and services companies had a quarterly profit of $ 3.19 per share, 23 cents above estimates and earnings above analysts’ expectations. Tractor Supply also raised its full-year outlook, but pre-market inventories fell 2.1%.
Persing Square Tonteen Holdings (PSTH) – Pershing Square Tontine Holdings withdrew its plan to buy 10% of Universal Music after questioning the idea that regulators and investors would buy minority shares through a structured company. Instead, billionaire investor Bill Ackman will buy shares through a hedge fund in Persing Square.
Zoom video communication (ZM) – Zoom Acquires Cloud-Based Call Center Operator Five 9 (FIVN), with a $ 14.7 billion stake, represents Zoom’s largest acquisition in history. Zoom fell 2.7% in pre-market transactions, while Five9 surged 7.4%.
National grid (NGG) – The National Grid is reportedly deprived of responsibility for operating the UK power grid. The Times reports that British authorities are preparing plans to hold that responsibility to an independent body, which will be announced as early as this week.
Inger Solland (IR) – Industrial equipment and service companies were rejected in a bid to begin acquisition negotiations with manufacturing equipment manufacturer SPX Flow (SPXC), according to people familiar with the matter spoken to Reuters. Sources say the latest offer per share was in the low $ 80s and was rejected as the SPX flow was inadequate.
Johnson & Johnson (JNJ) – J & J is reportedly considering plans to offload talc-related debt to new businesses and file for bankruptcy. Those familiar with the issue spoken to Reuters said such a move could result in lower payments for those who did not resolve their case in advance. J & J faces many allegations that baby powder and other talc-related products caused cancer.
Tesla (TSLA) – Tesla offers “FSD” Premium Driver Assistance Service customers on a $ 199 / month subscription basis instead of a $ 10,000 upfront payment. Tesla fell 1.6% before it went on sale.
Xpeng (XPEV) – A Chinese-based electric vehicle maker has priced a base model of its new P5 electric sedan at around $ 24,700, below the price of a cheaper version of Tesla’s newly introduced Model 3 sedan. Xpeng lost 1.9% in the premarket.
AMC Networks (AMCX) – AMC will pay $ 200 million to end a legal dispute over profits from the hit TV show The Walking Dead. We’ll pay $ 143 million to settle the proceedings and the rest to buy the rest of the show’s rights from executive producer Frank Darabont and the Creative Artists Agency.
Correction: This article has been updated to correct the spelling of Cal-Maine Foods.
AutoNation, Cal-Maine Foods, Tractor Supply, etc.
Source link AutoNation, Cal-Maine Foods, Tractor Supply, etc.