Take a look at the corporations making headlines sooner than the bell:
PepsiCo (PEP) – The snack and beverage maker reported an adjusted quarterly benefit of $1.97 in step with proportion, 13 cents above estimates, with income additionally topping forecasts. PepsiCo was once ready to effectively carry costs on its merchandise and raised its steerage for the yr. The inventory won 2.4% within the premarket.
Intel (INTC) – Intel added 1% in premarket buying and selling following a Bloomberg record that the chip maker was once making plans to chop hundreds of jobs to take care of a slumping non-public pc marketplace. Intel had 113,700 workers as of July.
Philips (PHG) – Philips stocks slumped 8.1% within the premarket after the Dutch well being era corporate mentioned its third-quarter core benefit can be down about 60% from a yr in the past. The corporate additionally mentioned it could take a just about $1.3 billion fee in opposition to the worth of its bothered respiration care trade.
Cameco (CCJ) – The uranium manufacturer and tool plant operator Brookfield Renewable Companions (BEP) will purchase nuclear energy apparatus maker Westinghouse Electrical in a deal price $7.9 billion, together with debt. Cameco tumbled 11.5% in premarket motion, whilst Brookfield was once unchanged.
Diamondback Power (FANG) – Diamondback Power introduced a deal to shop for power manufacturer FireBird Power for $1.6 billion in money and inventory. Diamondback fell 1% within the premarket.
El Pollo Loco (LOCO) – El Pollo Loco stocks rallied 15.2% in premarket motion after the eating place operator introduced a $1.50 in step with proportion particular dividend and a inventory repurchase program price as much as $20 million.
CME Team (CME) – The change operator’s inventory was once upgraded to shop for from cling at Deutsche Financial institution, bringing up a wonderful valuation after stocks fell 33% from March’s 52-week top. CME added 1.2% in premarket motion.
Lyft (LYFT) – Lyft won 4.3% within the premarket after Gordon Haskett upgraded the inventory to shop for from cling. The company mentioned the ride-hailing carrier’s inventory is now attractively valued and an making improvements to motive force provide and different elements will have to assist Lyft’s effects. The inventory tumbled the day prior to this after the Hard work Division issued a brand new proposal that can classify drivers as workers fairly than contractors.
Norwegian Cruise Line (NCLH) – Norwegian jumped 3.5% in premarket buying and selling after being upgraded to shop for from impartial at UBS, which famous an important growth in bookings for the cruise line.
KnowBe4 (KNBE) – The cybersecurity company is with reference to finalizing a deal to be purchased via personal fairness company Vista Fairness Companions for roughly $4.5 billion, consistent with other folks accustomed to the topic who spoke to the Wall Side road Magazine. KnowBe4 inventory surged 12.3% in premarket motion.