Check out the companies making headlines before the bell. Charter Communications — The cable stock rose 7% after Charter agreed to merge with rival Cox Communications . The combined company will change its name to Cox Communications within a year. Constellation Brands — Shares popped 3.4% after Berkshire Hathaway disclosed doubled its stake in the beer importer. Warren Buffett’s position is now worth around $2.2 billion. Applied Materials — The semiconductor manufacturer shed 5% after reporting fiscal second-quarter revenue of $7.10 billion, which came below the $7.13 billion analysts polled by LSEG had expected. Semiconductor revenue of $5.26 billion also disappointed the $5.31 billion analysts were looking for. Take-Two Interactive Software — Shares fell 1.3% after the video game company issued weaker-than-expected guidance for full-year bookings. The company expects the figure to come between $5.9 billion and $6 billion, missing the $7.82 billion StreetAccount consensus. For the current quarter, Take-Two projected bookings of between $1.25 billion and $1.30 billion, while analysts had penciled in $1.28 billion. Cava — The company said it expected same restaurant sales growth to moderate during the year. Cava reported 10.8% sales growth at comparable locations in the first quarter, but maintained a full-year projection of 6% to 8% improvement in that category. The decline came even though first-quarter earnings per share of 22 cents came in above analyst estimates of 14 cents, according to LSEG. Shares were little changed. Doximity — The stock tumbled 19% after the health-care platform issued disappointing guidance. Doximity anticipates first-quarter adjusted EBITDA to range between $71 million and $72 million, less than the $74 million consensus estimate, per StreetAccount. Revenue guidance for both the first quarter and full year also fell short of expectations. Vistra Corp – The independent power producer’s stock jumped more than 5% after it bought seven natural gas facilities from Lotus Infrastructure Partners for $1.9 billion. The gas plants are located in the PJM market, New England, New York and California. Novo Nordisk — The pharmaceutical stock slipped 5% after CEO Lars Fruergaard Jørgensen announced he would step down from his position , citing recent market challenges. Jørgensen will remain in his position “for a period to support a smooth transition to new leadership” as Novo Nordisk searches for a replacement. — CNBC’s Michelle Fox, Spencer Kimball and Jesse Pound contributed reporting.
#Stocks #making #biggest #moves #premarket #Charter #Communications #Doximity #Novo #Nordisk
Novo Nordisk A/S,Constellation Brands Inc,Applied Materials Inc,Take-Two Interactive Software Inc,CAVA Group Inc,Charter Communications Inc,Vistra Corp,Novo Nordisk A/S,Doximity Inc,Market Insider,Markets,Economy,Stock markets,Breaking News: Markets,Business,regwall-marketmovers,business news
latest news today, news today, breaking news, latest news today, english news, internet news, top news, oxbig, oxbig news, oxbig news network, oxbig news today, news by oxbig, oxbig media, oxbig network, oxbig news media
HINDI NEWS
News Source
