Check out the companies that make news before the bell:
Dick Sporting Goods (DKS): The sporting goods retailer’s shares jumped 4.9% in the pre-market as its quarterly profits exceeded estimates. The company also announced a special dividend of $ 5.50 per share and a 21% increase in the quarterly dividend. Dick’s earned a tight $ 5.08 per share during its last quarter, surpassing the consensus estimate of $ 2.80.
Johnson & Johnson (JNJ) – Johnson & Johnson said the study data support the benefits of a booster shot for recipients of their Covid-19 vaccine. The dose drastically increased antibody levels in two early-stage trials.
Express (EXPR): Clothing retailer shares rose 4.1% in the pre-market after the company reported an unexpected profit in its last quarter. Express gained 2 cents per share, compared to the loss forecast of 30 cents per share, and revenue also exceeded analysts ’forecasts.
Shoe Carnival (SCVL): The shoe retailer reported a quarterly profit of $ 1.54 per share, more than double the agreed-upon estimate of 75 cents, with revenue that also exceeds Wall Street forecasts and comparable sales they increase by 11.4%. The Carnival of Shoes gained 1.2% in the premarket.
Cassava Biosciences (SAVA) – The biotechnology company claimed that the statements published yesterday afternoon that challenge its scientific integrity are false and misleading. The topic revolved around data from the study for the treatment of Alzheimer’s disease. Cassava issued a statement to refute each of the 15 claims the company calls “fiction.” Cassava fell 23.1% in the pre-market.
Urban Outfitters (URBN): Urban Outfitters earned $ 1.28 per share during its last quarter, surpassing the consensus estimate of 77 cents. The clothing retailer’s revenue also exceeded forecasts. Urban Outfitters benefited from a considerable increase in digital sales compared to pre-pandemic levels. However, the company also mentioned that it was dealing with supply chain emissions and that its shares lost 4.7% in premarket trading.
Nordstrom (JWN) – Nordstrom fell 11.3% in premarket trading after its quarterly report showed last quarter revenue was still below pre-pandemic levels. The department store operator exceeded the estimate by 27 cents for its last quarter, with earnings of 49 cents per share and revenue above forecasts. Nordstrom also raised its year-round outlook.
Toll Brothers (TOL) – Toll Brothers reported quarterly earnings of $ 1.87 per share, 32 cents above the agreed-upon estimate, with the luxury home builder’s revenue basically in line with Wall Street forecasts . Low overall real estate market inventories and low mortgage rates helped boost the company’s performance. Toll Brothers gained 2.1% in premarketing shares.
Intuit (INTU): Intuit surpassed estimates by 38 cents with an adjusted quarterly profit of $ 1.97, while the financial software company’s revenue exceeded estimates. The TurboTax maker also issued an optimistic outlook, increased its dividend and boosted its stock repurchase program. Shares added 2.2% to the premarket.
Meme Actions: Actions called “memes” continue to be monitored after Tuesday’s rallies at the end. GameStop (GME), AMC Entertainment (AMC), Koss (KOSS), Robinhood (HOOD) and ContextLogic (WISH) grew despite the lack of news about any of these companies. Koss rose 4.2% in the pre-market, AMC jumped 4.4% and Robinhood fell 1%.
Campbell Soup (CPB): Campbell Soup was downgraded to “neutral” from “overweight” to Piper Sandler, who cited rising commodity costs, among other factors. Campbell shares fell 1.2% in premarket trading.