Check out the companies that make news before the bell:
Weber (WEBR) – Shares of the grid maker jumped 3.8% in the premarket, following its first quarterly report since it was made public in August. Weber’s sales were up 19% from the previous year, and the company projected sales for the year completely above current Wall Street forecasts.
Wynn Resorts (WYNN), Las Vegas Sands (LVS) – Macau-related casino stocks fell in the premarket trade as regulators begin a 45-day period to consider stricter regulations on Macau’s gaming industry. Officials say they want “sustained and healthy development” at the world’s largest gaming center, but investors are worried about the impact of possible changes. Wynn fell 4.9% in the premarket, while Las Vegas Sands fell 3.9%.
Microsoft (MSFT): Microsoft announced an 11% dividend increase, raising its quarterly payout to 62 cents per share from 56 cents, in addition to announcing a $ 60 billion share repurchase program. Microsoft added 1.3% to the premarket.
Canadian National Railway (CNI) – Canadian National will not improve its Kansas City Southern (KSU) purchase offer, according to people familiar with the situation who spoke to CNBC’s David Faber. This would pave the way for Canadian Pacific Railway (CP) to buy Kansas City Southern, after the Kansas City Southern council declared Canadian Pacific’s latest bid as “superior”.
Regeneron Pharmaceuticals (REGN) – The drug maker announced that the U.S. government would purchase an additional 1.4 million doses of Regeneron’s Covid-19 antibody cocktail. This will bring the total number of doses purchased by the government to almost 3 million. Regeneron rose 1.8% in premarket trade.
Yum China (YUMC) – Yum China warned that the spread of the Covid-19 delta variant would lead to a 50% to 60% success in its third-quarter profits. The restaurant operator said it had to close or limit service to more than 500 restaurants in August due to the outbreak of the delta variant in China. Shares of Yum China fell 4.8% in premarketing stock.
Citrix Systems (CTXS): Citrix is working with consultants to consider a possible sale of the company, according to people familiar with the matter who spoke with Bloomberg. The software manufacturer for the workplace will measure the potential interest of the company over the next few weeks and may decide to remain independent. Citrix rose 4.4% in the premarket.
Crocs (CROX): Crocs added 1.1% in premarket trading after Tuesday’s 8.5% gain. This came after the shoe manufacturer’s Investor Day, where it projected higher-than-expected revenue year-round and announced an accelerated stock repurchase program.
Skillsoft (SKIL): Corporate digital learning program provider jumped 4.5% in premarket after reporting better-than-expected revenue and reserves during its last quarter, in addition to have increased their orientation for the whole year.
Just Eat Takeaway (GRUB): Food delivery service stocks fell 3.2% in premarket trade after Amazon (AMZN) and Deliveroo announced a partnership to offer free food delivery in the UK to members of ‘Amazon Prime.
Sage Therapeutics (SAGE) – Drug maker shares rose 5.7% in the pre-market after the FDA granted fast-track status to the company’s experimental treatment for Huntington’s disease. Sage expects to begin a phase 2 trial for treatment before the end of 2021.
SoFi Technologies (SOFI): Fintech technology company shares added 2.8% in pre-market shares after Mizuho began hedging with a “buy” rating and a $ 28 target price compared to closing on Tuesday for $ 14.50. Mizuho said SoFi is becoming a “complete and complete application neobank” with next-generation features.