Check out the companies that make news before the bell:
Campbell Soup (CPB): The food producer surpassed the estimates for the top and bottom of the last quarter, gaining 55 cents of adjusted stock and surpassing the consensus by 7 cents. It issued a 2022 fiscal adjusted profit outlook between $ 2.75 and $ 2.85 per share, compared to a consensus estimate of $ 2.87, as it deals with higher input costs and a restricted labor market. Shares initially rose more than 1% in pre-market trading, but later reduced those gains.
PVH (PVH) – PVH reported adjusted quarterly earnings of $ 2.72 per share, well above the consensus estimate of $ 1.20, while the clothing manufacturer’s revenue also exceeded forecasts. The company behind the Tommy Hilfiger and Calvin Klein brands also increased its year-round revenue forecast. PVH shares rose 7.8% in the pre-market.
Ambarella (AMBA): Ambarella rose 9.1% in premarket trading after exceeding 10 cents above estimates with an adjusted quarterly profit of 35 cents per share. Revenue also exceeded analysts ’projections. The car and camera chip maker said demand is high and revenue could reach a five-year high for the current quarter.
CrowdStrike (CRWD): CrowdStrike outperformed street forecasts by 2 cents with adjusted quarterly earnings of 11 cents per share, while revenue also exceeded estimates. The cybersecurity company also raised its full-year outlook, but shares fell 2.2% in premarketing stock.
Philips (PHG): Philips received permission from the FDA to begin repairing and replacing its DreamStation respirators after the agency approved its proposal to replace the sound-reducing material. The Dutch technology company withdrew a maximum of 4 million devices in June to solve a potential toxicity problem with sound-reducing foam. Philips gained 2.3% in the premarket.
Sunrun (RUN) – Shares of the solar energy company jumped 3.6% in the pre-market after two positive mentions from analysts. It was added to the list of U.S. analysts ’approaches to JPMorgan Chase, and was also among the net energy stocks classified as“ market overweight ”in Wolfe Research’s new coverage. Wolfe said the clean energy transition is a secular trend that will last far beyond the current economic cycle.
Nio (NIO) – Shares of China-based electric vehicle maker fell 4.6% in premarket trade after lowering its third-quarter delivery prospects, citing supply chain constraints.
Intuit (INTU): Intuit is in talks to buy email marketing company Mailchimp for more than $ 10 billion, according to people familiar with the matter who spoke with Bloomberg. This agreement would be added to the small business personal finance software company’s tools, which include QuickBooks and Credit Karma.
Southwest Airlines (LUV): Southwest pilots are suing the airline for changes in working conditions when the Covid-19 pandemic was consolidated. The pilots argue that these changes should have been negotiated with their union, while the company said such negotiation was not necessary.
Canadian National Railway (CNI): Canadian National will not be allowed to use a temporary voting trust as part of its $ 30 billion deal to buy Kansas City Southern (KSU), following a Surface Transportation Board ruling. This could pose a major hurdle to completing the deal and another opportunity for Canadian Pacific Railway (CP), which has also offered to buy Kansas City Southern.
Sprouts Farmers Markets (SFM) – Sprouts said its chief financial officer, Denise Paulonis, is leaving the natural food supermarket chain, and board member Lawrence Molloy will succeed Paulonis on September 25th.