Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Pharma & Biotech

PRE-MARKET MOVERS: Darden Restaurants dances higher in pre-market as fourth quarter numbers cruise past estimates

Also before the bell heading higher are Barnes & Noble Education Inc and Kroger Co.

US stocks are seen starting lower, but bucking the trend is Darden Restaurants Inc (NYSE:DRI), which soared 8.29% to US$101 before the Wall Street bell.

The group cruised past analyst estimates. It posted a profit in the fourth quarter of US$174.5mln, or US$1.41 per share.

That compares with US$123.8mln, or US$0.99 per share in the same period last year.

Adjusted earnings for the three months came in at US$174.2mln, or US$1.39 per share for the period. Analysts had expected the company to earn US$1.35 per share,

Barnes & Noble Education Inc (NYSE:BNED) shares advanced almost 11% before the bell after the latest quarterly results beat expectations.

The company announced that it had a positive fourth quarter to end 2018, reporting net income of US$17.1mln for the period, or a profit of US$0.36 per share.

Wall Street consensus had an estimate for a loss of US$0.02 per share.

Meanwhile, Kroger Co (NYSE:KR) shares surged over 8% before the bell to US$28.45 after its adjusted earnings beat estimates.

The grocer posted, excluding items, adjusted earnings of US$626mln, or US$0.73 per share for the latest three months.

Analysts had expected the company to earn US$0.63 a share.

Lastly, AT&T Inc (NYSE:T) added 0.28% to US$32.09 in pre-market deals after it said it had agreed a tie-up with Brookfield Infrastructure on colocation and other services to customers in 18 Internet Data Centers in the U.S. and 13 overseas.

AT&T will receive US$1.1bn, which it will use to reduce debt.

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK