Business

Johnson & Johnson, Goldman Sachs, fuboTV and others

Here are the companies that made headlines before the call:

Johnson and Johnson (JNJ) – Shares of Johnson & Johnson rose 1.4% in premarket trading after beating third-quarter high and low estimates, boosted by higher sales of pharmaceuticals. J&J narrowed its earnings forecast, remaining cautious due to the impact of the strong US dollar.

Hasbro (HAS) – The toy maker posted adjusted quarterly earnings of $1.42 per share, 10 cents below Street’s guidance, with revenue in line with estimates. Earlier this month, Hasbro cut its sales forecast, noting consumer sensitivity to higher prices. Hasbro shares fell 3.5% in premarket trading.

Goldman Sachs (GS) – Goldman earned $8.25 per share in the third quarter, beating the consensus estimate of $7.69, while revenue also beat Wall Street’s forecasts. Goldman rose 2.3% in premarket trading.

Amazon.com (AMZN) – Amazon added 2.3% in premarket after Citi called it the best choice for both a hard and soft economic landing, saying it would perform well in either scenario.

fuboTV (FUBO) – fuboTV rose 10.4% in premarket trading after the sports streaming service announced it was closing its sports betting business and raised its sales forecast.

Expo Logistics (XPO) — XPO released its preliminary third-quarter sales guidance, which came in slightly below analysts’ estimates and marks the lowest quarterly sales since 2015. However, the transport company also raised its earnings forecast, with shares up 1.5% in premarket trading.

nordstrom (JWN) – Nordstrom CFO Ann Bramman will step down in December. The retailer began searching for a new chief financial officer, with chief accountant Michael Maher acting as interim chief financial officer. Shares of Nordstrom rose 1.7% in premarket trading.

Intel (INTC) – Intel’s Mobileye division plans to raise about $16 billion in an initial public offering, according to the SEC. The Wall Street Journal reported that Intel initially expected the value of its self-driving car division to be roughly $50 billion, but has substantially lowered those expectations. Intel added 1.2% in premarket.

Target (TGT) — The retailer’s stock jumped 3% in premarket trading after Jeffries upgraded it to buy from hold, saying Target would benefit from addressing supply chain issues and better positioning of inventory. Shares of Target rose yesterday after CEO Brian Cornell made bullish comments at a Yahoo Finance conference.


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