Tupperware (TUP)
The stock plunged 36% in premarket trading after the
household storage products maker said it may not be able to comply with the
covenants in its credit agreements, and that issue raises doubts about its
ability to continue as a going concern.
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Livent (LTHM)
Livent slipped 4.7% in premarket action after the lithium
producer slashed its full-year sales and profit forecast. The company said
inflation and other economic factors are affecting the production of the metal
used in electric vehicle batteries.
CVS (CVS)
CVS rose 1.9% in premarket trading after reporting
higher-than-expected revenue and profit for its latest quarter. The company
also raised its adjusted full-year guidance. The forecast excludes charges
related to a just-announced $5 billion settlement of opioid litigation.
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Estee Lauder (EL)
Shares of the cosmetics maker plunged 11.5% in the
premarket after the company issued a weak-than-expected forecast, citing higher
costs, a stronger US dollar, and the Covid lockdown in China. Estee Lauder
reported better-than-expected earnings for its third quarter.
Canada Goose (GOOS)
Shares of the outerwear company slid 2.4% in premarket
action after the company slashed its full-year revenue forecast. Canada Goose
is expecting Covid restrictions in China to weigh on its sales.
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Paramount Global (PARA)
The media company’s stock dropped 8.5% in the premarket
after the top and bottom line misses for its latest quarter.
Match Group (MTCH)
Match Group shares rallied 14.7% in premarket trading after
the dating service operator posted higher-than-expected quarterly revenue, on
the back of an increase in paid subscriptions for its Tinder service.
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Mondelez (MDLZ)
Mondelez added 3.3% in premarket action after the snacks
maker raised its full-year guidance. The company also benefited from price
hikes that are hurting demand for its products.
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Cheesecake Factory (CAKE)
The restaurant maker’s stock fell 3.3% in the premarket
after reporting an unexpected quarterly loss. Cheese Factory cited higher
costs, particularly for utilities and building maintenance.