Stocks making the biggest moves premarket: Accenture, Darden Restaurants, FactSet and more

Before the bell rings, know about the companies that make headlines:

Accenture (ACN) — Shares of the consulting firm fell 3.3% in the premarket following quarterly revenue forecasts, but earnings were hit by the cost of exiting Russia. Accenture raised its full-year revenue forecast, but cut the top end of its projected earnings range due to a more negative impact than expected from foreign exchange.

Darden Restaurant (DRI) — The parent of Olive Garden and other restaurant chains reported better-than-expected profit and revenue for its latest quarter. It increased its quarterly dividend by 10% and authorized a new $1 billion share repurchase program. Darden added 3.4% in premarket trading.

factset (FDS) – The financial information provider outperformed top- and bottom-line estimates for its latest quarter. It also backed its prior full-year guidance, which projected growth at the upper end of its projected range.

rite aid (RAD) — Rite Aid shares jumped 4.3% in premarket action after reporting better-than-expected revenue and a lower-than-expected quarterly loss.

KB Home (KBH) — KB Home reported quarterly earnings of $2.32 per share, trailing the $2.03 consensus estimate, and Home Builder’s revenue also came in above analyst forecasts. However, it said rising interest rates and higher prices are beginning to have a negative impact on sales growth. KB Home jumped 3% in premarket trading.

Occidental Petroleum (oxy)- Berkshire Hathaway (BRKB) bought an additional 9.6 million shares of Occidental Petroleum, raising its stake in the energy producer to 16.3%. Occidental rose 2.9% in premarket action.

steel case (SCS) — Steelcase shares rose 3.1% in premarket trading after the office furniture maker reported better-than-expected quarterly results. Higher prices and increased demand helped to offset rising costs resulting from supply chain difficulties.

we work (WE) — The office-sharing company’s stock rose 3.3% in the premarket after Credit Suisse began coverage of the stock with an “outperform” rating. Credit Suisse believes WeWork is among the companies that will benefit from demographic trends, along with an increase in hybrid work and co-working.

snowflake (SNOO) — The cloud computing company’s stock was upgraded from “neutral” to “overweight” at JPMorgan Securities, pointing to an attractive valuation as well as extremely high satisfaction levels among Snowflake customers. Snowflake rose 6.1% in premarket trading.

Revlon (REV) — Revlon slipped 5.7% in the premarket, indicating a possible end to its three-day winning streak following its Chapter 11 bankruptcy filing last week. The cosmetics maker’s shares have risen more than four times in the past 3 sessions.