Stock Groups

Conagra, Tilray, Levi, Twitter and more

See which companies are making the headlines even before the bell rings.

Conagra Brands (CAG) – The company behind food brands like Healthy Choice, Hunt’s and Hebrew National earned an adjusted 50 cents per share for its latest quarter, 1 cent above estimates, while revenue also came in ahead of Wall Street forecasts. Conagra stated that it will meet its full year targets, despite inflationary pressures.

Tilray (TLRY) – The Canadian cannabis producer matched Street forecasts for a quarterly loss of 8 cents per share, while revenue was short of consensus. Although revenue rose 43% over the previous year, it was still lower than a full-year ago. The company also noted that Canadian retail cannabis stores reopened in mid June.

Levi Strauss (LEVI) – Levi Strauss beat estimates by 11 cents with an adjusted quarterly profit of 48 cents per share and the apparel maker’s revenue also topped Street forecasts. Pandemic restrictions were eased, which encouraged people to update their wardrobes. Premarket, the stock rose 3.9%.

Helen Of Troy (HELE) – The housewares and health care products company earned an adjusted $2.65 per share for its latest quarter, compared with a $2.17 per share consensus estimate. The revenue also exceeded analyst expectations. According to the company, it was able overcome “the significant impact of widespread inflation”, which had an effect on almost all input costs.

Twitter (TWTR) – Twitter rose 2.4% in premarket trading after announcing the sale of its mobile ad unit MoPub to app development tools maker AppLovin for $1.05 billion in cash. Twitter bought MoPub for $350 million in 2013.

Meredith Corp. (MDP) – Meredith agreed to be bought by Dotdash – the digital media arm of IAC/Interactivecorp (IAC) – for about $2.7 billion in cash or $42.18 per share. The combined company will be called Dotdash Meredith and will include popular Meredith magazine titles such as People and Better Homes & Gardens. Meredith earlier in the year had agreed to sell its television stations. Gray Television2.83 billion. Meredith gained 6.4% on the premarket.

Costco (COST) – The warehouse retailer added 1.3% in premarket action after it reported a September comparable sales increase of 14.3%, slightly above the prior-month increase of 14.2%.

Aspen Technology (AZPN) – Emerson ElectricAccording to Bloomberg sources, (EMR) has been in discussions to combine its industrial software company with its software business. Aspen shares rose by 13.1% on the premarket.

Healthcare Trust of America (HTA) – Healthcare Trust shares jumped 3.4% in premarket trading after Bloomberg reported that activist investor Elliott Management is pushing for a strategic review that could result in a sale of the real estate investment trust.

Citrix Systems (CTXS) – Citrix Chief Executive Officer David Henshall has stepped down with the cloud computing company naming Chairman Bob Calderoni as interim CEO. Citrix lost 2.3% in premarket.

Rocket Labs USA (RKLB) – Rocket Labs surged 9% in the premarket after the company won a NASA contract to fly an experimental solar sail into space.

Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.