Finance News

Shares that make the largest strikes forward of the market: Conagra, Tilray, Levi, Twitter, and extra

Check out the companies that make the headlines before the doorbell rings:

Conagra Brands (CAG) – The company behind grocery brands like Healthy Choice, Hunt & # 39; s, and Hebrew National made an adjusted 50 cents a share, 1 cent above estimates, last quarter, while sales were also above Wall Street projections. Conagra also said it expects to meet its full-year targets despite inflationary pressures.

Tilray (TLRY) – The Canadian cannabis producer matched Street's projections for a quarterly loss of 8 cents a share while sales fell short of consensus. Sales rose 43% year over year, with the company finding cannabis retail stores in Canada reopened in mid-June.

Levi Strauss (LEVI) – Levi Strauss beat estimates by 11 cents with adjusted quarterly earnings of 48 cents per share, and the apparel maker’s revenue also beat Street’s forecasts. The company benefited from a relaxation of pandemic restrictions that prompted people to freshen up their wardrobes. The share rose 3.9% before the IPO.

Helen Of Troy (HELE) – The housewares and health products company earned an adjusted $ 2.65 per share last quarter, compared to a consensus estimate of $ 2.17 per share. Sales were also above the analysts' forecasts. The company said it was able to overcome the "significant impact of widespread inflation" that was affecting almost all input costs.

Twitter (TWTR) – Twitter's premarket trade rose 2.4% after it announced the sale of its mobile ad unit MoPub to app development tool maker AppLovin for $ 1.05 billion in cash. Twitter bought MoPub in 2013 for an estimated $ 350 million.

Meredith Corp. (MDP) – Meredith agreed to be bought by Dotdash – the digital media arm of IAC / Interactivecorp (IAC) – for approximately $ 2.7 billion in cash, or $ 42.18 per share. The combined company will be called Dotdash Meredith and will include popular Meredith magazine titles such as People and Better Homes & Gardens. Meredith agreed to sell its television channels to Gray Television for $ 2.83 billion earlier this year. Meredith gained 6.4% in the premarket.

Costco (COST) – The warehouse retailer gained 1.3% pre-launch after reporting a comparable revenue increase of 14.3% in September, up slightly over the previous month's 14.2% increase.

Aspen Technology (AZPN) – Emerson Electric (EMR) is in talks to combine its software business with the industrial software company, knowledgeable people speaking with Bloomberg. Aspen shares rose 13.1% before the IPO.

Healthcare Trust of America (HTA) – Healthcare Trust stocks rose 3.4% in early trading after Bloomberg reported activist investor Elliott Management is pushing for a strategic review that could lead to a sale of the real estate investment trust.

Citrix Systems (CTXS) – David Henshall, Citrix chief executive officer, has stepped down and has appointed chairman Bob Calderoni as interim CEO of the cloud computing company. Citrix lost 2.3% in the premarket.

Rocket Labs USA (RKLB) – Rocket Labs added 9% in premarket after winning a NASA contract to fly an experimental solar sail into space.

Related Articles