Before the bell rings, know about the companies that make headlines:
Walgreens (WBA) — The drugstore operator earned an adjusted 96 cents per share for its latest quarter, 4 cents higher than estimates, with revenue also beating analyst forecasts. Walgreens also reaffirmed its full-year guidance, predicting low-single-digit adjusted earnings growth. The stock fell 2.7% in premarket action.
constellation brand (STZ) — Spirits Producer beat estimates by 14 cents with adjusted quarterly earnings of $2.66 per share, and revenue that was also above estimates. Constellation also gave an upbeat forecast for the full year and the stock added 1% in the premarket.
acuity brand (AYI) — The maker of building management systems saw its stock rise 5% in premarket trading after beating top and bottom estimates for its latest quarter. Acuity’s results were strongly driven in its lighting business.
rh (RH) — RH slipped 7.7% in premarket trading after the home goods and furniture retailer lowered its full-year financial guidance. The company, formerly known as Restoration Hardware, cited a deteriorating economy and slowdown in home sales.
xerox (XRX) – Xerox Chief Executive Officer John Visentin passed away at the age of 59 due to complications from an ongoing illness. The printer and copier maker named Chief Operations Officer and President Steve Bandrosack interim CEO. Xerox fell 1% in the premarket.
nexstar media (NXST) — Nexstar is set to gain control of the CW TV network, according to the Wall Street Journal. The newspaper said the TV station operator is close to a deal to buy a 75% stake in The CW from the current co-owners. Warner Bros. Discovery (WBD) and Paramount Global (For).
Spirit Airlines (SAVE) – Spirit delays shareholders’ vote on its proposed merger Frontier Group (ULCC) till 8 July. adjournment follows jetblue (JBLU) is pushing Spirit to accept its rival bid. Spirit was up 1.2% in the premarket, while Frontier Group lost 1.8% and JetBlue lost 3%.
pfizer (PFE), biontech (BNTX) – Drugmakers signed a $3.2 billion deal with the US government to provide 105 million doses of their COVID-19 vaccine. This will include supplying an updated vaccine focused on the Omicron version, pending FDA approval. BioNTech added 1.1% in premarket trading.
Booz Allen Hamilton (BAH) — The Justice Department has sued to block a proposed merger of security contractors Booz Allen Hamilton and Everwatch, a deal that would drive up prices and create a monopoly for critical security services.