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Find out which companies are making the headlines before the bell:
Weber (WEBR) – Shares of the grill maker jumped 3.8% in pre-market, following its first quarterly report since its IPO in August. Weber’s sales were up 19% from a year earlier, and the company forecasted full-year sales far above Wall Street’s current forecast.
Wynn Resorts (WYNN), Las Vegas Sands (LVS) – Shares of Macau-linked casinos tumbled in pre-market trading as regulators enter 45-day period to consider tougher regulations on the gambling industry. Macau. Officials say they want “sustainable and healthy development” at the world’s largest gaming center, but investors are worried about the impact of potential changes. Wynn fell 4.9% in pre-market while Las Vegas Sands slipped 3.9%.
Microsoft (MSFT) – Microsoft has announced a dividend hike of 11%, bringing its quarterly payout to 62 cents per share from 56 cents, along with a $ 60 billion share buyback program. Microsoft added 1.3% in the pre-market.
Canadian National Railway (CNI) – Canadian National will not improve its offer to buy Kansas City Southern (KSU), according to people familiar with the situation who spoke to CNBC’s David Faber. That would pave the way for Canadian Pacific Railway (CP) to buy Kansas City Southern, after the Kansas City Southern board of directors said CPR’s latest offer was “superior.”
Regeneron Pharmaceuticals (REGN) – The drugmaker has announced that the U.S. government will 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 nearly 3 million. Regeneron grew 1.8% in pre-release.
Yum China (YUMC) – Yum China has warned that the spread of the delta variant of Covid-19 will result in a 50% to 60% impact on its third quarter profits. The restaurateur said he had to close or limit service at more than 500 restaurants in August due to the delta variant outbreak in China. Yum China shares fell 4.8% pre-market.
Citrix Systems (CTXS) – Citrix is working with advisers to consider a possible sale of the company, according to people familiar with the matter who spoke to Bloomberg. The workplace software maker will assess potential interest in the company over the coming weeks and may decide to remain independent. Citrix grew 4.4% in pre-release.
Crocs (CROX) – Crocs added 1.1% in pre-market trading after Tuesday’s 8.5% gain. It came after the shoemaker’s Investor Day, during which it forecast better-than-expected annual earnings and announced an accelerated share buyback program.
Skillsoft (SKIL) – The enterprise digital learning program provider jumped 4.5% in the pre-market after reporting better-than-expected revenue and bookings for its last quarter as well as raising its forecast for the whole year.
Just Eat Takeaway (GRUB) – The food delivery service’s stock fell 3.2% in pre-market trading after Amazon (AMZN) and Deliveroo announced a partnership that will provide free food delivery in the UK. United to Amazon Prime members.
Sage Therapeutics (SAGE) – Shares of the drugmaker rose 5.7% pre-market after the FDA granted fast-track status to the company’s investigational treatment for Huntington’s disease. Sage plans to start a Phase 2 trial for the treatment before the end of 2021.
SoFi Technologies (SOFI) – Fintech company stock rose 2.8% in pre-market stock after Mizuho began hedging with a ‘buy’ rating and price target of 28 $ from Tuesday’s close of $ 14.50. Mizuho said SoFi is emerging as a “full-fledged super-app neo-bank” with next-gen capabilities.
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