Accenture, Winnebago, Maxar Technologies and more

News Update - Pre-Markets

Check out the companies making headlines before the bell:

Accenture (ACN) – The consulting firm’s shares fell 1.5% in the premarket despite better top and bottom line estimates for the latest quarter. Accenture issued a current-quarter earnings range whose midpoint is below current consensus, saying the stronger US dollar will impact 2023 financial results by 5%.

Darden restaurants (DRI) — The parent of Olive Garden and other restaurant chains reported better-than-expected profit and revenue for its latest quarter, beating analysts’ forecasts for same-restaurant sales. Darden also raised the lower end of its 2023 earnings guidance. The stock rose 1% in pre-market trading.

Winnebago Industries (WGO) – Winnebago’s quarterly results beat top- and bottom-line estimates, even as profits fell from a year ago due to the impact of inflation and supply disruptions. The recreational vehicle maker’s share fell 1.5% in premarket measures.

Maxar Technologies (MAXR) – Shares of the satellite owner and operator more than doubled in premarket trading after it agreed to be acquired by private equity firm Advent International for $53 a share. Maxar – whose technology powers the popular Google The Maps app — closed at $23.10 a share on Thursday.

Guardian Health (GH) – Guardant shares plunged 33.4% in premarket trading following trial results for its colon cancer DNA blood test. The test detected 83% of colon cancers and 13% of advanced adenomas, but the test was not as effective as the Cologuard stool-based test made by Exact Sciences (EXAS). Exact Sciences shares rose 16.9% in premarket trading.

Meta platforms (META) — The Facebook and Instagram parent was upgraded to overweight from neutral at JP Morgan Securities, pointing to several factors, including an increase in cost controls and an easing of the impact of appleits privacy rule changes. Meta rose 1.9% in pre-market trading.

Adobe (ADBE) – Adobe shares rose 4.6% in premarket trading after the software company reported better-than-expected quarterly revenue and revenue that was in line with analysts’ forecasts. Adobe also provided positive guidance for the current quarter.

Scholastic (SCHL) — Scholastic shares jumped 5.7% in after-hours trading after the education and media company reported positive quarterly results. Scholastic’s profit margins increased during the quarter, and it said its children’s book business performed particularly well.

US Steel (X) – US Steel issued better-than-expected guidance for the current quarter and said commercial demand for steel is on the rise in the US. The share rose 1% in the premarket.

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