Marriott, Coty, BioNTech, Tyson Meals & extra

Try the businesses making headlines earlier than the bell: Marriott (MAR) – Marriott earned an adjusted 10 cents per share for the primary quarter, beating the three cent consensus estimate, with the lodge operator’s income very barely under forecasts. Marriott mentioned it was seeing a rebound in demand as extra individuals obtain Covid-19 vaccinations. Shares fell 1.2%


Try the businesses making headlines earlier than the bell:

Marriott (MAR) – Marriott earned an adjusted 10 cents per share for the primary quarter, beating the three cent consensus estimate, with the lodge operator’s income very barely under forecasts. Marriott mentioned it was seeing a rebound in demand as extra individuals obtain Covid-19 vaccinations. Shares fell 1.2% in premarket buying and selling.

Coty (COTY) – Coty reported a breakeven fiscal third quarter, matching analysts’ estimates, with income consistent with estimates as nicely. Gross sales have been 3.3% under year-ago ranges as European lockdowns muted demand for Coty’s cosmetics. 

Energizer Holdings (ENR) – Energizer shares rose 1.7% in premarket motion, after the corporate reported adjusted quarterly earnings of 77 cents per share in contrast with the 60 cent consensus estimate.  Income additionally beat projections, and the maker of batteries and different family merchandise raised its full-year forecast.

US Meals (USFD) – The meals distributor’s inventory was up 1% within the premarket, after it beat estimates by 7 cents with adjusted quarterly earnings of 12 cents per share. Income additionally topped estimates regardless of pandemic-related strain on gross sales quantity. The underside line was helped by decrease bills.

BioNTech (BNTX) – The drug maker beat estimates on each the highest and backside traces for the primary quarter, serving to its inventory surge by 8.7% in premarket motion. BioNTech additionally mentioned there isn’t any present proof that factors to the necessity to adapt its Covid-19 vaccine to rising variants of the virus, though it’s ready to take action if vital.

Tyson Meals (TSN) – The meat and poultry producer earned an adjusted $1.34 per share for its fiscal second quarter, beating the $1.12 consensus estimate, with income additionally above forecasts. Tyson mentioned it expects its hen phase to proceed to expertise some strain as a consequence of a difficult labor surroundings and extreme winter climate. 

Viatris (VTRS) – Viatris shares added 2.6% premarket buying and selling regardless of barely lower-than-expected revenue. Gross sales beat estimates and the healthcare firm declared its first quarterly dividend of 11 cents per share.  Viatris was created final 12 months by a merger of Pfizer’s Upjohn unit and generic drug maker Mylan.

Freeport McMoran (FCX), Hecla Mining (HL), Southern Copper (SCCO) – These and different copper mining corporations are getting a lift as copper costs hit report highs on tight provide and expectations of excessive demand. Freeport-McMoran rose 3.3% within the premarket, whereas Hecla jumped 3.6% and Southern Copper jumped 3.4%.

Simon Property (SPG) – The mall operator and Genuine Manufacturers are shopping for attire retailer Eddie Bauer from personal fairness agency Golden Gate Capital for an undisclosed quantity. Eddie Bauer will be part of a number of different well-known model names owned by the 2 corporations, together with Aeropostale, Perpetually 21 and Brooks Brothers.

AstraZeneca (AZN) — AstraZeneca might skip making use of to the FDA for emergency use authorization for its Covid-19 vaccine, in keeping with individuals acquainted with the matter who spoke to the Wall Avenue Journal. It might as an alternative concentrate on the extra prolonged full-approval course of.

Field Inc. (BOX) – Activist investor Starboard Worth is placing up a minority administrators slate for the board of software program firm Field, in keeping with a Bloomberg report. Starboard owns an 8% stake in Field, however doesn’t really feel that efficiency has improved sufficiently because it invested in 2019.

Dwell Nation Leisure (LYV) – Dwell Nation was upgraded to “purchase” from “maintain” at Jefferies, which mentioned a 13% pullback has offered a horny entry level for the live performance and dwell occasion promoter. Jefferies calls Dwell Nation a “pure-play restoration” and long-term development story, and the corporate’s shares added 1.3% in premarket buying and selling. 

Intel (INTC) – UK competitors regulators have begun a proper inquiry into the proposed acquisition of Intel’s flash reminiscence and strong state exhausting drive companies by South Korea’s SK Hynix. Intel agreed to promote the models to Hynix in October for about $9 billion. Regulators wish to decide if the transaction would result in a considerable lessening of competitors.



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