Before the bell rings, know about the companies that make headlines:
Levi Strauss (LEVI) — Levi Strauss rose 3.9% in the premarket after reporting better-than-expected sales and profit for its latest quarter, helped by higher prices and stronger demand for its denim offerings. Levi Strauss also increased its quarterly dividend by 20%.
GameStop (GME) — GameStop fell 5.6% in premarket trading after the video game retailer fired chief financial officer Mike Ricupero and told employees in an internal memo that it was cutting staff as it plans to turn around its business. tries to.
Twitter (TWTR) — Twitter shares are down 4% after a Washington Post report said Elon Musk’s deal to buy Twitter could be in jeopardy. People familiar with the matter told the newspaper that Musk’s team does not think Twitter’s figures on spam accounts are not reliable, although officials defended their numbers in a call with reporters.
Upstart Holdings (UPST) – The lender’s stock fell 16.3 per cent in premarket trading after it said it would not meet its already lowered financial targets for the second quarter. Upstart points to a limited lending market as well as converting debt to cash during the quarter.
Spirit Airlines (SAVE) – Spirit Airlines once again delayed a special shareholder meeting to vote on its planned merger Frontier Group (ULCC), this time till July 15. The postponement comes as Spirit continues to negotiate with both Frontier and rival suitors. jetblue (JBLU). Spirits jumped 3.2% in the premarket.
Occidental Petroleum (oxy)- Berkshire Hathaway (BRKB) bought another 12 million Occidental Petroleum shares, increasing its stake in the energy producer to 18.7%. Occidental gained 2% in the premarket action.
WD-40 (WDFC) – The lubricant maker reported quarterly profit and sales that fell short of analyst forecasts, hit by inflationary pressures and multiple global disruptions. Shares fell 10.6% in the premarket.
NU Skin Enterprises (NUS) — Shares of the health products company tumbled 4% in premarket trading after offering lighter-than-expected guidance for the current quarter. Nu Skin cited several negative factors, including the Russia/Ukraine conflict, factors related to COVID in China, and a general global economic slowdown.
kura sushi (KRUS) — The Japanese restaurant chain operator’s stock gained premarket 13% after reporting unexpected quarterly gains and raising its sales guidance for the full year.