Lowe’s, Target, TJX and more

Check out the companies that make headlines before the bell:

Lowe’s (LOW) – Lowe’s rose 1% in the premarket after it reported quarterly earnings of $4.67 per share, 9 cents above estimates. The home improvement retailer saw both revenue and comparable store sales fall below analysts’ forecasts, but its forecast full-year earnings would come in at the top of its guidance range.

Target (TGT) – Target fell 3.3% in premarket trading after the retailer reported quarterly earnings of 39 cents a share, well below the consensus estimate of 72 cents. Target’s sales were in line with estimates, but it cut prices significantly during the quarter to reduce excess inventory. Target said its operating margin would improve from 1.2% in the second quarter to about 6% in the second half of the year.

TJX (TJX) – The parent company of the TJ Maxx and Marshalls retail chains beat estimates by 3 cents with quarterly earnings of 69 cents per share, but revenue and comparable store sales were lower than expected. TJX also lowered its full-year forecast, saying inflation was impacting its customers’ spending habits, and its premarket share was down 1.2%.

Krispy Kreme (DNUT) – Krispy Kreme plunged 14.7% in premarket action after the donut chain reported lower-than-expected second-quarter earnings and sales. Krispy Kreme said it is seeing a significant slowdown in raw material costs in recent weeks.

Manchester United (MANU) – Manchester United rose 4.6% in the premarket after Elon Musk tweeted that he bought the British football team and then said he was joking.

Bed Bath & Beyond (BBBY) – Bed Bath & Beyond was up 22.8% in the pre-market after gaining more than 20% in each of the past three sessions. The retailer’s shares, which have been popular with “meme stock” investors, have risen in 14 of the past 15 sessions, more than quadrupling in value over that period.

Agilent Technologies (A) – Agilent rose 6.6% in premarket trading after the life sciences and diagnostics company reported better-than-expected quarterly earnings and revenue. Agilent also raised its full-year forecast for a strong order flow.

Southwest Gas (SWX) – Southwest Gas rose 4.7% in premarket action after investor Carl Icahn increased its stake in the utility from 7.6% to 8.7%.

Sanofi (SNY) – Shares of Sanofi fell 5.4% in premarket trading after the French drugmaker halted development of its breast cancer treatment. The discontinuation came after a trial showed no signs that the drug was effective.

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