Check out the businesses making headlines earlier than the bell:
Conagra Brands (CAG) – The firm behind meals manufacturers like Healthy Choice, Hunt's and Hebrew National earned an adjusted 50 cents per share for its newest quarter, 1 cent above estimates, whereas income additionally got here in forward of Wall Street forecasts. Conagra additionally mentioned it expects to ship on its full-year targets regardless of inflationary pressures.
Tilray (TLRY) – The Canadian hashish producer matched Street forecasts for a quarterly lack of 8 cents per share, whereas income was wanting consensus. Revenue did soar 43% from a yr earlier, with the corporate noting that retail hashish shops in Canada began to reopen in mid-June.
Levi Strauss (LEVI) – Levi Strauss beat estimates by 11 cents with an adjusted quarterly revenue of 48 cents per share and the attire maker's income additionally topped Street forecasts. The firm benefited from an easing of pandemic restrictions that prompted individuals to refresh their wardrobes. The inventory jumped 3.9% within the premarket.
Helen Of Troy (HELE) – The housewares and well being care merchandise firm earned an adjusted $2.65 per share for its newest quarter, in contrast with a $2.17 per share consensus estimate. Revenue additionally got here in above analyst forecasts. The firm mentioned it was in a position to overcome the "significant impact of widespread inflation," which impacted almost all enter prices.
Twitter (TWTR) – Twitter rose 2.4% in premarket buying and selling after asserting the sale of its cellular advert unit MoPub to app growth instruments maker AppLovin for $1.05 billion in money. Twitter had bought MoPub in 2013 for an estimated $350 million.
Meredith Corp. (MDP) – Meredith agreed to be purchased by Dotdash – the digital media arm of IAC/Interactivecorp (IAC) – for about $2.7 billion in money or $42.18 per share. The mixed firm shall be referred to as Dotdash Meredith and can embody widespread Meredith journal titles similar to People and Better Homes & Gardens. Meredith had agreed earlier this yr to promote its TV stations to Gray Television for $2.83 billion. Meredith rallied 6.4% within the premarket.
Costco (COST) – The warehouse retailer added 1.3% in premarket motion after it reported a September comparable gross sales enhance of 14.3%, barely above the prior-month enhance of 14.2%.
Aspen Technology (AZPN) – Emerson Electric (EMR) is in talks to merge its software program enterprise with the economic software program firm, in keeping with individuals with information of the matter who spoke to Bloomberg. Aspen shares soared 13.1% within the premarket.
Healthcare Trust of America (HTA) – Healthcare Trust shares jumped 3.4% in premarket buying and selling after Bloomberg reported that activist investor Elliott Management is pushing for a strategic evaluate that would end in a sale of the true property funding belief.
Citrix Systems (CTXS) – Citrix Chief Executive Officer David Henshall has stepped down with the cloud computing firm naming Chairman Bob Calderoni as interim CEO. Citrix fell 2.3% within the premarket.
Rocket Labs USA (RKLB) – Rocket Labs surged 9% within the premarket after the corporate received a NASA contract to fly an experimental photo voltaic sail into house.
