Take a look at the businesses making headlines earlier than the bell:
CVS (CVS) – CVS gained 1.9% within the premarket after reporting better-than-expected income and revenue for its newest quarter. The corporate additionally raised its adjusted full-year steering. The outlook excludes prices associated to a just-announced $5 billion settlement of opioid litigation.
Estee Lauder (EL) – The cosmetics maker’s shares tumbled 11.5% in premarket buying and selling after the corporate issued a weaker-than-expected outlook, noting larger prices, a stronger US greenback and Covid lockdowns in China. Estee Lauder reported better-than-expected earnings for its newest quarter.
Canada Goose (GOOS) – The outerwear firm lower its full-year income forecast, prompting a 2.4% premarket drop in its shares. Canada Goose is seeing Covid restrictions in China weigh on its gross sales.
Paramount Global (PARA) – The media firm’s shares slid 8.5% within the premarket after high and backside line misses for its newest quarter.
Tupperware (TUP) – The maker of family storage merchandise mentioned it might not be capable to adjust to the covenants in its credit score agreements, and that problem raises doubts about its capability to proceed as a going concern. The inventory plummeted 36% in premarket motion.
Cheesecake Factory (CAKE) – Cheesecake Manufacturing unit shares misplaced 3.3% within the premarket after the restaurant chain reported an sudden quarterly loss. Cheesecake Manufacturing unit pointed to larger prices, significantly for utilities and constructing upkeep.
Livent (LTHM) – Livent misplaced 4.7% in premarket buying and selling after the lithium producer lower its full-year gross sales and revenue forecast. The corporate mentioned inflation and different financial elements are crimping manufacturing of the metallic utilized in electrical automobile batteries.
Match Group (MTCH) – Match Group shares surged 14.7% in premarket buying and selling after the courting service operator reported better-than-expected quarterly income, pushed by a lift in paid subscriptions for its Tinder service.
Mondelez (MDLZ) – Mondelez gained 3.3% within the premarket after the maker of Oreos, Bitter Patch Children, and different snacks raised its full-year outlook. The corporate has benefited from value hikes that aren’t hurting demand for its merchandise.
Rogers Corp. (ROG) – Rogers plunged 40.8% in premarket motion after DuPont (DD) ended its $5.2 billion buyout deal for the engineering supplies maker. The deal was terminated as a result of the events couldn’t acquire the mandatory regulatory clearances in China. DuPont gained 3.6%.
Caesars Entertainment (CZR) – Caesars shares rallied 6.8% in premarket buying and selling after the resort operator topped analyst estimates for each the highest and backside traces throughout its newest quarter. Caesars additionally mentioned its digital betting enterprise turned worthwhile on an adjusted foundation for the quarter, 12 months forward of the corporate’s goal.