Check out the businesses making headlines earlier than the bell:
Levi Strauss (LEVI) – Levi Strauss rallied 3.9% within the premarket after reporting better-than-expected gross sales and revenue for its newest quarter, helped by greater costs and robust demand for its denim choices. Levi Strauss additionally raised its quarterly dividend by 20%.
GameStop (GME) – GameStop fell 5.6% in premarket buying and selling after the online game retailer fired Chief Financial Officer Mike Recupero and instructed staff in an inner memo that it’s reducing workers, because it tries to show its enterprise round.
Twitter (TWTR) – Twitter shares misplaced 4% in premarket motion, following a Washington Post report that Elon Musk’s deal to purchase Twitter could also be in jeopardy. People conversant in the matter instructed the paper that Musk’s crew does not assume Twitter’s figures on spam accounts are dependable, though officers defended their numbers in a name with reporters.
Upstart Holdings (UPST) – The lender’s inventory plunged 16.3% in premarket buying and selling after it stated it could not meet already-reduced monetary targets for its second quarter. Upstart factors to a constrained lending market in addition to strikes in the course of the quarter to transform loans into money.
Spirit Airlines (SAVE) – Spirit Airlines as soon as once more delayed a particular shareholder assembly to vote on its deliberate merger with Frontier Group (ULCC), this time till July 15. The postponement comes as Spirit continues talks with each Frontier and rival suitor JetBlue (JBLU). Spirit jumped 3.2% within the premarket.
Occidental Petroleum (OXY) – Berkshire Hathaway (BRKb) purchased one other 12 million Occidental Petroleum shares, elevating its stake within the vitality producer to 18.7%. Occidental gained 2% in premarket motion.
WD-40 (WDFC) – The lubricant maker reported a quarterly revenue and gross sales that fell wanting analyst forecasts, impacted by inflationary pressures and quite a few international disruptions. Shares slumped 10.6% within the premarket.
Nu Skin Enterprises (NUS) – Shares of the well being merchandise firm skid 4% in premarket buying and selling after it gave lighter-than-expected steerage for the present quarter. Nu Skin cited a number of detrimental components, together with the Russia/Ukraine battle, Covid-related components in China and the overall international financial downturn.
Kura Sushi (KRUS) – The Japanese restaurant chain operator’s inventory surged 13% within the premarket after it reported an surprising quarterly revenue and raised its gross sales steerage for the total yr.
