Campbell Soup, PVH, Ambarella, CrowdStrike and others

Campbell Soup, PVH, Ambarella, CrowdStrike and others

Before the bell rings, find out which companies are making the headlines:

Campbell Soup (CPB) – The food producer beat earnings and earnings estimates for its most recent quarter, gaining 55 adjusted cents per share and beating the consensus by 7 cents. It released an adjusted earnings outlook for fiscal 2022 of $ 2.75 to $ 2.85 per share, compared to the consensus estimate of $ 2.87, due to higher costs of inputs and costs. a tight labor market. Stocks first rose more than 1% in pre-market trading, but then reduced those gains.

PVH (PVH) – PVH reported adjusted quarterly earnings of $ 2.72 per share, significantly higher than the consensus estimate of $ 1.20, while the apparel maker’s earnings also beat expectations. The company behind the Tommy Hilfiger and Calvin Klein brands has also raised its revenue forecast for the full year. PVH’s share increased by 7.8% in pre-marketing.

Ambarella (AMBA) – Ambarella gained 9.1% in pre-market trading after exceeding estimates by 10 cents with adjusted quarterly profit of 35 cents per share. Income also exceeded analysts’ estimates. The car and camera chip maker said demand is high and revenue for the current quarter could peak in five years.

CrowdStrike (CRWD) – CrowdStrike beat Street’s forecast by 2 cents, with adjusted quarterly earnings of 11 cents per share, while earnings also beat estimates. The cybersecurity firm also raised its outlook for the full year, but shares fell 2.2% pre-market.

Philips (PHG) – Philips received FDA clearance to repair and replace its DreamStation breathing apparatus after the agency approved a proposal to replace the noise reduction material. The Dutch tech company issued a recall in June for up to 4 million devices to address a potential poisoning issue with noise-canceling foam. Philips gained 2.3% in pre-marketing.

Sunrun (RUN) – Shares of the solar power company jumped 3.6% in pre-market after two positive analysts’ mentions. It was added to JPMorgan Chase’s US analyst list and was also among the clean energy stocks rated “overweighted in the market” in the new Wolfe Research coverage. Wolff said the transition to clean energy is an age-old trend that will last well beyond the current business cycle.

Nio (NIO) – Shares of the China-based electric vehicle maker fell 4.6% in pre-market trading after slashing its third-quarter delivery outlook, citing supply chain constraints.

Intuit (INTU) – Intuit is in talks to buy email marketing firm Mailchimp for more than $ 10 billion, according to people familiar with the matter who spoke to Bloomberg. Such a deal would add tools to the company’s personal finance software for small businesses, including QuickBooks and Credit Karma.

Southwest Airlines (LUV) – Southwest pilots are suing the airline over changes to working conditions in the wake of the COVID-19 pandemic. The pilots say these changes should have been negotiated with their union, while the company said such negotiation was not necessary.

Canadian National Railways (CNI) – Canadian National not allowed to use an interim voting trust in its $ 30 billion deal to buy Kansas City Southern (KSU), following a decision of the Surface Transportation Board. This could be a significant obstacle to closing the deal and another opportunity for Canadian Pacific (CP), which has offered to buy Kansas City Southern.

Sprouts Farmers Markets (SFM) – Sprouts has said its CFO Dennis Paulonis is leaving the health food supermarket chain, with board member Lawrence Molloy to replace Paulonis on September 25.


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