Johnson & Johnson, Goldman Sachs, fuboTV and more

Here are the companies that made the headlines before the bell:

Johnson and Johnson (JNJ) – Johnson & Johnson stock rose 1.4% in the front market after beating top and bottom line forecasts for the third quarter, aided by growth in pharmaceutical sales. J&J narrowed its earnings outlook with caution, driven by the strong US dollar.

Hasbro (HAS) – The toy maker posted an adjusted quarterly profit of $1.42 per share, down 10 cents from Street estimates with revenue matching estimates. Hasbro lowered its sales forecast earlier this month, citing increased consumer sensitivity to higher prices. Hasbro fell 3.5% in premarket trading.

Goldman Sachs (GS) – Goldman earned $8.25 per share for the third quarter, beating the consensus estimate of $7.69, revenue beating Wall Street estimates. Goldman rose 2.3% in the preliminary market. (AMZN) — Amazon rose 2.3% in premarket trading after Citi said it would perform well in both scenarios, saying it was the best choice for both a hard and soft economic landing.

fuboTV (FUBO) – fuboTV rose 10.4% in the front market after the sports-centric streaming service announced it would eliminate its sports betting business and also raise its sales outlook.

XPO Logistics (XPO) – XPO has released a third-quarter preliminary sales forecast that is slightly below analyst estimates and will be its smallest quarterly sales since 2015. However, the shipping company also raised its profit forecast, and the stock was up 1.5% in premarket trading.

Nordstrom (JWN) – Anne Bramman, Chief Financial Officer of Nordstrom, will step down in December. The retailer is seeking a new CFO, with Chief Accountant Michael Maher serving as interim CFO. Nordstrom rose 1.7% in the front market.

Intel (INTC) – Intel’s Mobileye unit is targeting a valuation of approximately $16 billion in its initial public offering, according to an SEC filing. The Wall Street Journal reported that Intel had expected an initial valuation of around $50 billion for its self-driving car unit, but significantly lowered those expectations. Intel added 1.2% in pre-market action.

Aim (TGT) – The retailer’s stake rose 3% in the front market, Jefferies said, saying Target will benefit from alleviating supply chain issues and improved inventory positioning. Target stocks rose yesterday after CEO Brian Cornell made bullish comments at a Yahoo Finance conference.


Leave a Comment

Your email address will not be published.