HomeFinanceManchester United, Invesco, Take-Two and others

Manchester United, Invesco, Take-Two and others

Try the businesses making headlines earlier than the bell:

Manchester United (MANU) – The soccer staff operator reported a quarterly loss that was 5.9% narower than what it misplaced a 12 months in the past amid a 15.9% enhance in income. Manchester United is just not offering full-year income or earnings steering for fiscal 2022 attributable to uncertainty surrounding the Covid-19 pandemic.

Invesco (IVZ) – The funding administration agency is in talks to merge with State Avenue’s (STT) asset administration unit, in keeping with folks accustomed to the matter who spoke to the Wall Avenue Journal. These sources stated a deal is just not imminent and may not occur in any respect. Invesco shares surged 6.5% within the premarket, whereas State Avenue edged up 0.6%.

Take-Two Interactive (TTWO) – The online game maker’s shares fell 1.3% in premarket motion after BMO Capital downgraded the inventory to “market carry out” from “outperform.” BMO’s earnings estimates for Take-Two had been on the excessive finish of Avenue forecasts, nevertheless it stated it’s now much less assured following a sequence of online game launch delays.

Coupang (CPNG) – Softbank’s Imaginative and prescient Fund offered 57 million shares of the South Korean on-line retailer for about $1.69 billion, in keeping with an SEC submitting.

Accolade (ACCD) – The supplier of office advantages administration options rose 2% within the premarket after Baird upgraded the inventory to “outperform” from “impartial.” Baird cited a observe document of robust execution and its growing confidence following current conversations with administration.

Unum (UNM) – Unum is launching a brand new digital verification device designed to assist firms handle vaccine mandates. The insurer’s product permits staff to report vaccination standing and add documentation in addition to serving to firms handle exemptions.

Eli Lilly (LLY) – The drugmaker gained FDA approval for growth of the emergency use authorization for its Covid-19 remedy. The remedy can now be utilized in sufferers who may have a excessive danger of an infection after being uncovered to somebody with Covid.

Basic Motors (GM) – GM plans to increase downtime at seven North American factories because the worldwide semiconductor scarcity continues to crimp manufacturing.

U.S. Metal (X) – U.S. Metal is planning to construct a brand new U.S. metal mill, with building starting subsequent 12 months and manufacturing deliberate to kick off in 2024. The transfer comes amid booming demand for metal in addition to costs which have roughly quadrupled because the summer season of 2020. Shares fell 2.1% within the premarket.

Zumiez (ZUMZ) – Zumiez shares rose 1% in premarket buying and selling after the streetwear and sports activities attire firm introduced a $150 million inventory buyback program.

Diamondback Power (FANG) – The power producer introduced an accelerated capital return plan and authorized a $2 billion inventory buyback. Diamondback’s inventory rallied 5.2% in premarket buying and selling.

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