Here are the companies making headlines before the bell:
Johnson & Johnson (JNJ) – Johnson & Johnson shares rose 1.4% in the premarket after beating third-quarter sales and bottom-line earnings estimates, aided by drug sales growth. J&J has reduced its earnings outlook as it remains cautious due to the strong US dollar.
Hasbro (HAS) – The toymaker reported adjusted quarterly earnings of $1.42 per share, 10 cents below Street’s forecast and in line with sales expectations. Hasbro cut its sales forecast earlier this month, citing consumer sensitivity to rising prices. Hasbro fell 3.5% in premarket trading.
goldman sachs (GS) – Goldman earned $8.25 per share in the third quarter, beating consensus expectations of $7.69 and earnings also beat Wall Street estimates. Goldman rose 2.3% in the premarket.
Amazon.co.jp (AMZN) – Amazon added 2.3% in pre-market trading after Citi named it a top pick in both hard and soft economic landings, saying it would do well in either scenario.
Hubo TV (FUBO) – Sports-focused streaming service fuboTV climbed 10.4% in the pre-market after announcing it would ditch its sports betting business and raise its sales outlook.
XPO Logistics (XPO) – XPO has released preliminary third-quarter sales guidance that fell short of analyst estimates and marked its lowest quarterly sales since 2015. But the transportation company also raised its profit forecasts, and the stock rose 1.5% in pre-market trading.
nordstrom (JWN) – Nordstrom Chief Financial Officer Anne Bramman will step down in December. The retailer has launched a search for her new CFO, with Chief Accounting Officer Michael Maher serving as interim CFO. Nordstrom is up 1.7% in the premarket.
intel (INTC) – Intel’s Mobileye division is targeting a value of around $16 billion in an initial public offering, according to SEC filings. The Wall Street Journal reported that Intel, which initially expected a valuation of about $50 billion for its self-driving car division, has significantly lowered that estimate. Intel added he added 1.2% in premarket action.
Target (TGT) – Retailer shares jump 3% in premarket after Jefferies upgrades from ‘hold’ to ‘buy’, saying Target will benefit from easing supply chain problems and improved inventory positioning I was. Target shares rose yesterday after CEO Brian Cornell’s bullish comments at the Yahoo Finance conference.
