Check out the companies making headlines before the bell rings:
Hormel (hrl) , The food producer’s stock fell 6.4% in the premarket after reporting a mixed quarter. Earnings beat estimates, but sales fell short of Wall Street forecasts. Hormel issued a weaker-than-expected outlook, saying it expected a continued volatile and high-cost environment.
petco (woof) , Petco’s adjusted quarterly earnings of 16 cents per share matched Street forecasts, but revenue was slightly above estimates. Comparable store sales growth of 4.1% beat the FactSet consensus estimate of 3.5% growth. The pet products retailer’s stock rose 8% in premarket trading.
crowdstrike (CRWD) — CrowdStrike plunged 17.6% in the premarket after the cybersecurity company’s subscription numbers came in below analyst forecasts. CrowdStrike reported better-than-expected profit and revenue for its latest quarter, but economic uncertainty is prompting clients to delay spending.
Horizon Therapeutics (HZNP) — rose 32.9% in after-hours trading after the drugmaker said it is in preliminary talks about a possible sale with several big pharma companies, including Amgen (AMGN), Sanofi (SNY) and Johnson & Johnson (JNJ). Gone. Janssen Global Services Unit.
state Street (STT) , State Street added 3.5% in premarket action after it announced an agreement to end the $3.5 billion purchase of Brown Brothers Harriman’s investor services unit. State Street cited difficulties in obtaining regulatory approval for the deal.
biogen (bib) , Shares of Biogen soared 3.6% in premarket action after partner Esai said it believes two deaths in a trial of its experimental Alzheimer’s drug cannot be attributed to the treatment. Biogen stock fell earlier in the week when reports of the second death first emerged. Data from the trial showed the drug slowed cognitive decline but may carry a risk of serious side effects.
NetApp (NTAP) – NetApp tumbled 10.9% in the premarket on a weaker-than-expected forecast for the cloud computing company, which reported better-than-expected quarterly earnings.
working day (WDAY) , Shares of Workday were up 9.6% in after-hours trading after the maker of human resources software lifted its outlook and announced a share buyback program. Workday also reported better than expected top and bottom line results for its latest quarter.
hewlett packard enterprise (HPE) — Hewlett Packard Enterprise added 1.9% in the premarket after the enterprise computing company posted record quarterly sales and issued strong revenue guidance.