Find out which companies are making the headlines before the bell:
Darden Restaurants (DRI) – Parent company Olive Garden reported earnings of $ 1.76 per share, higher than expected at $ 1.64 per share. The restaurant business also reported same-store sales up 47.5%, beating estimates. The shares rose 3% in pre-market trading.
BlackBerry (BB) – The company reported better-than-expected quarterly earnings with an adjusted gross margin of 65%. BlackBerry reported a loss of 6 cents per share, compared to an expected loss of 7 cents per share, according to Refinitiv. Revenue reached $ 175 million, beating estimates by $ 164 million. Shares are up more than 7% before market.
Salesforce (CRM) – The software publisher has raised its revenue forecast for the year 2022 to between 26.25 and 26.35 billion dollars. That’s higher than the company’s previous estimate of revenue of between $ 26.2 billion and $ 26.3 billion. Analysts were expecting $ 26.31 billion. The shares rose 2% in pre-market trading.
KB Home (KBH) – Shares of the homebuilder have risen in pre-market trading despite no upper and lower ratings. KB Home reported quarterly profit of $ 1.60 on revenue of $ 1.47 billion. Wall Street expected earnings of $ 1.62 per share on revenue of $ 1.57 billion, according to Refinitiv.
Joby Aviation (JOBY) – Morgan Stanley launched coverage of the air taxi startup with an overweight rating, saying in a note to clients on Thursday that investors should consider a stock with major upside potential. Shares of Joby Aviation climbed more than 5% in extended trading.
Biogen (BIIB) – The drugmaker’s share rose in pre-market trading after Needham launched coverage of the action with a buy rating, saying in a note to customers on Wednesday that the controversial drug from the Alzheimer’s Society, Aduhelm, will be a big seller for the company in the long run.
Roku (ROKU) – Shares of the streaming company rose 2% in pre-market trading after Guggenheim upgraded shares to buy from neutral. The Wall Street firm has assigned Roku a 12-month price target of $ 395, which implies a 22% year-over-year return.
SoFi (SOFI) – Shares of the fintech company rose in pre-market trading after gaining 11% in Wednesday’s regular session. Sofi is the 6th most mentioned action on Reddit’s WallStreetBets, according to Quiver Quant.
Accenture (ACN) – Accenture shares rose in extended trading after reporting better-than-expected earnings. The company has also increased its authorization for dividends and redemptions.