PRE-MARKET MOVERS: Salmonella food scare continues and Alphabet shares surge after earnings; Quest Diagnostics Inc results fail to cheer
Also in the frame in pre-market was Agios Pharmaceuticals Inc after an FDA approval and Campbell Soup Company
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NYSE:CPB
Campbell Soup Company is a manufacturer and marketer of branded food and beverage products. The company's segments include Meals & Beverages and Snacks.
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Also in the frame in pre-market was Agios Pharmaceuticals Inc after an FDA approval and Campbell Soup Company
Also in the frame in pre-market was Agios Pharmaceuticals Inc after an FDA approval and Campbell Soup Company
General Electric Company and Harley Davidson Inc shares are also in the frame before the bell
Suitors would have to win over Campbell’s insider shareholders, including Mary Alice Dorrance Malone, the billionaire heiress to Campbell’s fortune
Keith McLoughlin, a board member since 2016, will be the interim CEO
Mattel Inc and Deere & Company were also notable share movers before the bell
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The March jobs figures, underwhelming though they were, briefly took investors' minds off the posturing between the US and China but by the afternoon traders were closing out positions ahead of the weekend
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The index of consumer sentiment rose 4.4% in February, ending a string of three monthly declines and pushing the measure back to the upper portion of its recent range, noted Daiwa Securities.
“We are making progress with this customer and expect sales declines in soup to moderate in the second half," Morrison said
A look at some of the early movers in New York pre-market trade
It will pay Snyder’s shareholders US$50 per share in cash - a 27% premium to Snyder’s close on Wednesday
US stocks surged to yet more new records at the open on Wall Street
Full marks for originality to Campbell Soup for disappointing earnings. "Our carrot sales were negatively impacted by unfavorable weather, which led to customer allocations."
We look at what was piquing interest in extended trading in New York
In the fourth quarter ending July 30, net sales slid to US$1.664bn from US$1.687bn, driven by a 1% decline in organic sales, reflecting lower volume
Privately-owned Pacific Foods, which makes organic soups and broths, generated about US$21mln in net sales in the 12 months ended May 31
Campbell Soup shares dropped as it cut its full year sales guidance and posted a fall in third quarter earnings
Dynegy Inc shot up 24% after the Wall Street Journal reported Vistra Energy is mulling a bid
Stocks with heavy overseas earnings will benefit from the dollar's slide to levels last seen in November
Campbell Soup's boss has admitted she was not satisfied with the group's second quarter sales decline.