Delta, Walgreens, BlackRock, Domino's Rise Premarket; Applied Materials Drops
By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Thursday, October 13th. Please refresh for updates.
Delta Air Lines (NYSE: DAL ) stock rose 4.4% after the carrier reported record revenue in the third quarter, adding that it expects travel demand to remain robust despite growing risks of an economic recession.
Walgreens Boots (NASDAQ: WBA ) stock rose 3.9% after the drugstore chain beat quarterly expectations , helped by gains from administering COVID-19 vaccines to cushion the impact of losses from low prescription volumes and over-the-counter sales of health and wellness products.
- Kohl's (NYSE: KSS ) stock rose 2.4% after the Wall Street Journal reported that hedge fund Macellum, an activist investor, is seeking to replace board members.
- BlackRock (NYSE: BLK ) stock rose 1.9% after the world's largest asset manager posted a smaller-than-expected drop in quarterly profit as strong demand for exchange-traded funds and other low-risk products cushioned the hit to fee income from a global market rout.
Domino’s Pizza (NYSE: DPZ ) stock rose 9.4% after the fast food chain beat quarterly U.S. same-store sales estimates, as heavy discounts helped boost demand for its products.
Victoria's Secret (NYSE: VSCO ) stock rose 4.6% after the lingerie retailer said it expected third-quarter earnings to be towards the high end of its guidance.
Applied Materials (NASDAQ: AMAT ) stock fell 1.3% after the semiconductor-equipment manufacturer warned that its fourth-quarter revenue and earnings would miss estimates.
Duck Creek (NASDAQ: DCT ) stock soared 10.8% after the insurance-technology company’s fourth-quarter earnings beat expectations, helped by improved deal activity.
Biogen (NASDAQ: BIIB ) stock rose 2.7% after Stifel upgraded its stance on the biotech to ‘buy’ from ‘hold’, saying its Alzheimer drug could be more competitive than its peers.
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