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Black Rock, Netflix, Rite Aid and more - PRE-MARKET

Proactive takes a look at some company news in pre-market deals in New York

Delta Airtlines in focus before the bell

US stocks are poised to start higher on Thursday after yesterday's plunge on the back of geopolitical worries.


Several stocks are in focus pre-market and among them is global investment giant Black Rock Inc (NYSE: BLK) whose shares added 2.32% to US$537 in extended trade.

It comes as the group posted a more than 26% increase in first-quarter profit, boosted by the new lower tax rate and higher fees.

Elsewhere, flying higher was Delta Air Lines Inc (NYSE:DAL), which added 1.42% to US$52.20 as it posted a March quarter profit.

The figures are these:  Pre-tax income of US$718mln, net income of US$547mln and earnings per diluted share of US$0.77 on record revenue of US$10bn.

Meanwhile, Rite Aid Corp (NYSE:RAD) added 1.83% to US$1.67 as it beat earnings estimates after completing the sale of stores to Walgreens.

The company completed the sale of 1,932 stores and related assets to Walgreens Boots Alliance Inc (NASDAQ:WBA) on March 27, booking an after-tax gain of US$1.2bn to US$1.3bn.

Streaming giant Netflix Inc (NASDAQ:NFLX) shares added 1.9% to US$309.44 after it said it was pulling out of the Cannes Film Festival next month.

It comes as organizers banned the streaming of the platform's films from competition for its refusal to release them in cinemas.

Quick facts: Delta Air Lines

Price: 29.01 USD

Market: NYSE
Market Cap: $18.5 billion

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