Check out the companies making headlines before the bell:
Campbell soup (CPB) – Campbell Soup beat estimates by 14 cents with adjusted quarterly earnings of $1.02 per share. Earnings also beat consensus, with the food maker saying results were helped by strong prices, improved productivity and supply chain improvements. Campbell Soup rose 1.2% in premarket trading.
Pinterest (PINS) — Pinterest rose 1.2% in premarket trading after an official from activist investor Elliott Management was added to the photo-sharing site operator’s board. Senior portfolio manager Marc Steinberg will become Pinterest’s eleventh board member, and the company agreed to renominate him for another three-year term at next year’s annual meeting.
Toll Brothers (TOL) – Toll Brothers beat top and bottom line estimates for its latest quarter, with results helped by strong prices for the luxury homebuilder. Toll Brothers rose 1.2% in the premarket.
Thor Industries (THO) – The recreational vehicle maker reported quarterly earnings of $2.53 per share, well above the consensus estimate of $1.81, with revenue also topping Wall Street forecasts. Thor said its business performed “exceedingly well” during the quarter given ongoing macroeconomic headwinds.
Lowes (LOW) — The home improvement retailer announced a new $15 billion stock repurchase program and reaffirmed its full-year forecast. The actions come ahead of the company’s annual analyst and investor conference today.
caravan (CVNA) – Carvana creditors, incl Apollo Global Management and Pimco, signed a cooperation agreement and will work together as the online used car seller goes through a debt restructuring process. Carvana fell 18.2% in premarket trading.
MongoDB (MDB) – MongoDB shares surged 26.6% in premarket trading after the database software company reported a surprise quarterly result and forecast another profit for the current quarter.
Dave & Buster’s (PLAY) — Dave & Buster’s shares fell 3.9% in premarket action, even as quarterly earnings matched analyst estimates. The restaurant and entertainment venue’s revenue beats the consensus.
Sting fix (SFIX) — Stitch Fix shares fell 2.2% in premarket trading after the online apparel company trimmed its full-year forecast amid a further decline in the number of active customers.
Airbnb (ABNB) – Airbnb fell 3.8% in premarket trading after Morgan Stanley downgraded the stock to underweight from equal weight. Morgan Stanley pointed to slowing growth in listings and lower demand for room nights.