Weber, Microsoft, Canadian National Railways and more

Weber, Microsoft, Canadian National Railways and more

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

Weber (WEBR) – Shares of the grill maker surged 3.8% in pre-market, following its first quarterly report since its IPO in August. Weber’s sales are up 19% from a year ago, and the company is forecasting full-year sales well outside current Wall Street forecasts.

Wynn Resorts (WYNN), Las Vegas Sands (LVS) – Shares of Macau-linked casinos tumbled in pre-market trading as regulators began 45-day period to consider tougher regulations on the gaming industry from Macau. Officials say they want “sustained and healthy growth” at the world’s largest gambling hub, but investors are worried about the impact of potential changes. Wynn fell 4.9% in pre-market while Las Vegas Sands fell 3.9%.

Microsoft (MSFT) – Microsoft has announced an 11% dividend increase, increased its quarterly payout from 56 cents to 62 cents per share, and announced a $ 60 billion share buyback program. Microsoft added 1.3% to the pre-market.

Canadian National Railway (CNI) – Canadian National will not improve its offer to buy Kansas City Southern (KSU), according to people familiar with the situation who spoke to CNBC’s David Faber. The path for the Canadian Pacific Railway (CP) to buy Kansas City Southern will be opened when the Kansas City Southern board of directors said the latest Canadian Pacific offer was “better.”

Regeneron Pharmaceuticals (REGN) – The drugmaker has announced that the U.S. government will purchase an additional 1.4 million doses of Regeneron’s COVID-19 antibody cocktail. This will bring the total number of supplements purchased by the government to around 3 million. Regeneron grew 1.8% in pre-release.

Yum China (YUMC) – Yum China has warned that the spread of the COVID-19 delta variant will cut its third-quarter profit by 50% to 60%. The restaurateur said he had to close or limit service to more than 500 restaurants in August due to the outbreak of the Delta version in China. Yum China shares fell 4.8% pre-market.

Citrix Systems (CTXS) – Citrix is ​​working with consultants to consider a possible sale of the company, according to people familiar with the matter who spoke with Bloomberg. The workplace software maker will assess potential interest in the company over the coming weeks and may decide to remain independent. Citrix jumped 4.4% in pre-release.

Crocs (CROX) – Crocs added 1.1% in pre-market trading after Tuesday’s 8.5% gain. He came after the shoemaker’s Investor Day, where he forecast better-than-expected annual earnings and announced an accelerated share buyback program.

Skillsoft (SKIL) – provider of enterprise digital learning programs – jumped 4.5% in the pre-market after raising its full-year forecast as well as improving revenues and bookings for its last trimestre.

Just Eat Takeaway (GRUB) – Shares of the food delivery service fell 3.2% in pre-market trading after Amazon (AMZN) and Deliveroo announced a partnership that would offer free meal delivery to Amazon members UK premium.

Sage Therapeutics (SAGE) – The drugmaker’s shares rose 5.7% pre-market after the FDA granted fast-track status to the company’s investigational treatment for Huntington’s disease. Sage expects a Phase 2 trial for the treatment to begin before the end of 2021.

SoFi Technologies (SOFI) – Shares of the fintech firm rose 2.8% in pre-market share after Mizuho began hedging with a buy rating and a price target of $ 28 , compared to Tuesday’s close of $ 14.50. Mizuho said SoFi is emerging as a “full-fledged super-app neo-bank” with next-gen capabilities.

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