Dollar General, Accenture, Warby Parker and others
See which companies are making the headlines even before the bell rings.
Dollar General (DG) – Dollar General rallied 5% in the premarket after the discount retailer forecast better-than-expected full-year sales. Dollar General posted quarterly earnings at $2.57 per share, which was in line with forecasts. Revenue however fell slightly from estimates. Same-store sales also dropped less than expected. Additionally, the company increased its dividend 31%.
Accenture (ACN) – Accenture jumped 5.3% in premarket trading after beating top and bottom-line estimates for its latest quarter and forecasting current-quarter revenue above current analyst forecasts. For its last quarter, Accenture’s share price was $2.54, against the consensus $2.37.
Signet Jewelers (SIG) – The jewelry retailer’s stock surged 7.4% in premarket action after it reported quarterly results. Signet posted adjusted earnings at $5.01 per share, matching analyst estimates. However revenue and sales in the same store exceeded expectations. Signet’s quarterly dividend was also increased to 20c from 18c.
Warby Parker (WRBY) – Warby shares slumped 13.4% in the premarket after the eyewear retailer forecast 2022 revenue that fell short of consensus. Warby Parker posted an adjusted loss in its most recent quarter of 8 cents per shares, which is 1 cent lower than what was expected. The revenue forecasts were also met by Warby Parker.
Lennar (LEN) – The homebuilder reported quarterly earnings of $1.69 per share for its fiscal first quarter, missing the $2.60 consensus estimate. Although revenue beat analysts’ estimates due to strong demand and higher prices for the quarter, lower bottom lines were caused by increased costs of materials and labor. Lennar gained 1% in premarket trades.
Williams-Sonoma (WSM) – Williams-Sonoma earned an adjusted $5.42 per share for its latest quarter, beating the $4.82 expected by Wall Street analysts, even as the housewares retailer’s revenue fell slightly short of estimates. It said that it was capable of navigating supply chain issues and material and labour shortages. Williams-Sonoma saw a 7.6% increase in premarket sales.
PagerDuty (PD) – PagerDuty lost an adjusted 4 cents per share for its latest quarter, 2 cents less than analysts were anticipating, with the digital operations platform provider’s revenue also exceeding Street forecasts. PagerDuty issued a positive revenue forecast and saw its stock rise 13.6% during premarket trading.
Occidental Petroleum (OXY) – Berkshire HathawayAn SEC filing shows that (BRK.B. bought 18.1 million more shares of Occidental. Berkshire now holds 136.4 million shares in the energy producer, which is a 14.6% share. Premarket trading saw Occidental share prices rise by 3.6%.
Guess (GES) – Guess reported adjusted quarterly earnings of $1.14 per share, one cent below estimates, while the apparel maker’s revenue also fell short of Street forecasts. The stock rose 4.9% premarket, however, as profit margins were higher than expected.