Stock Groups

Darden Restaurants, BlackBerry, Salesforce and others

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Check out the companies making headlines before the bell:

Darden Restaurants (DRI) — The Olive Garden parent reported earnings of $1.76 per share, higher than the $1.64-per-share forecast. The same-store sales rose by 47.5% in the restaurant business, exceeding all estimates. Premarket trading saw shares rise 3%.

BlackBerry (BB) — The company reported better-than-expected quarterly earnings, with an adjusted gross margin of 65%. According to Refinitiv, BlackBerry lost 6 cents per shares, while the average loss was 7 cents. Refinitiv estimates that revenue will reach $175million. The shares increased by over 7% in premarket.

Salesforce (CRM) — The software company raised its full-year 2022 revenue guidance to between $26.25 billion and $26.35 billion. This figure is significantly higher than its previous revenue estimate, which was between $26.2 billion to $26.3 billion. Analysts expected $26.31 billion. Premarket trading saw shares rise by 2%.

KB Home (KBH) — Shares of the homebuilder rose in premarket trading despite missing top and bottom-line estimates. KB Home reported quarterly earnings of $1.60 and revenue of $1.47 trillion. Refinitiv reports that Wall Street had expected earnings to be $1.62 per share for revenue of $1.57 trillion.

Joby Aviation (JOBY) — Morgan Stanley initiated coverage of the air taxi start-up with an overweight rating, saying in a note to clients on Thursday that investors should take a look at a stock with major potential upside. Joby Aviation’s shares rose by more than 5 percent in extended trading.

Biogen (BIIB) — The drugmaker’s stock rose in premarket trading after Needham initiated coverage of the stock with a buy rating, saying in a note to clients on Wednesday that the company’s controversial Alzheimer’s drug Aduhelm will be a big seller for the company long term.

Roku (ROKU) — Shares of the streaming company rose 2% in premarket trading after Guggenheim upgraded the stocks to buy from neutral. Roku received a 12 month price target of $395 from the Wall Street company, which would translate into a 22% return over a year.

SoFi (SOFI) — Shares of the fintech company rose in premarket trading after gaining 11% during the regular session on Wednesday. According to quiver quant, Sofi was the sixth most mentioned stock on Reddit’s WallStreetBets.

Accenture (ACN) — Accenture shares rose in extended trading after reporting better-than-expected earnings. It also raised its buyback and dividend authorization.

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