Check the companies that make headlines before the bell:
Campbell Soup (CPB) – The food manufacturer’s shares rose 3.7% in the pre-market after Campbell reported an adjusted quarterly earnings of 70 cents per share, 9 cents above estimates. The sale also beat the forecasts, and the company raised the sales outlook for the whole year. Campbell also maintained its previous earnings forecast, noting that it now expects core inflation to be warmer than previous outlook.
Thor Industries (THO) ̵[ads1]1; The share of recreational vehicle manufacturers rose 6.9% in pre-market trading after better than expected quarterly results. Thor earned $ 6.32 per share, well above the $ 4.77 consensus estimate, amid strong demand for the products. Thor also said that there are signs of improved supply chain problems.
Moderna (MRNA) – Moderna added 1.6% to the pre-market after a modified version of the Covid-19 booster shot gave a stronger immune response than the company’s original vaccine against the omicron variant. Data will be sent to US regulators in the coming weeks.
Western Digital (WDC) – Western Digital said it is considering strategic options, including a possible breakdown of flash memory and disk drive businesses. Activist investor Elliott Management, which owns 6% of Western Digital, has pushed for these changes. The stock jumped 3.8% in premarket action.
Roku (ROKU) – The share of the video streaming device maker rose 8.1% in the pre-market after a Business Insider article highlighted talk inside Roku about possibly being acquired by Netflix (NFLX).
Hasbro (HAS) – Hasbro will succeed in pushing back a board challenge from activist investor Alta Fox, according to people familiar with the matter who spoke to Reuters. Alta Fox has been critical of various aspects of the toy manufacturer’s strategy and wants Hasbro to spin out its Wizards of the Coast unit.
Credit Suisse (CS) – Credit Suisse warned of a likely loss in the second quarter, due to the negative effects of the Russia / Ukraine war, money tightening and other financial market conditions. The bank has not specified how large such a loss can be. Credit Suisse fell 6.1% in the advance market.
Novavax (NVAX) – Novavax rose 15.7% in pre-market trading after winning approval of its Covid-19 vaccine from an FDA advisory panel. The entire FDA will now consider whether the vaccine should be approved or not.
DocuSign (DOCU) – DocuSign shares rose 4.6% in premarket action after the electronic signature technology company announced an expanded global partnership with Microsoft (MSFT). The agreement enhances the integration of DocuSign technology into Microsoft software applications.