Conagra, Tilray, Levi, Twitter and more

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Find out which companies are making the headlines before the bell:

Conagra Brands (CAG) – The company behind food brands like Healthy Choice, Hunt’s and Hebrew National gained 50 adjusted cents per share for its most recent quarter, 1 cent above estimates, while revenue also exceeded expectations by Wall Street. La Conagra also said it expects to meet its annual targets despite inflationary pressures.

Tilray (TLRY) – The Canadian cannabis producer matched Street’s forecast for a quarterly loss of 8 cents a share as earnings fell short of consensus. Revenue jumped 43% from the previous year, with the company noting that cannabis retail stores in Canada began to reopen in mid-June.

Levi Strauss (LEVI) – Levi Strauss broke estimates by 11 cents with adjusted quarterly earnings of 48 cents per share and the apparel maker’s earnings also beat Street’s forecast. The company has benefited from an easing of pandemic restrictions that have prompted people to refresh their wardrobes. The stock jumped 3.9% in pre-market.

Helen Of Troy (HELE) – The housewares and health products company earned an adjusted amount of $ 2.65 per share for its most recent quarter, against a consensus estimate of $ 2.17 per share. Revenue also exceeded analysts’ forecasts. The company said it was able to weather “the significant impact of generalized inflation,” which impacted almost all input costs.

Twitter (TWTR) – Twitter rose 2.4% in pre-market exchanges after announcing the sale of its MoPub mobile ad unit to application development tool maker AppLovin for $ 1.05 billion in cash. Twitter bought MoPub in 2013 for an estimated $ 350 million.

Meredith Corp. (CDM) – Meredith has agreed to be bought by Dotdash – the digital media arm of IAC / Interactivecorp (IAC) – for about $ 2.7 billion in cash or $ 42.18 per share. The combined company will be called Dotdash Meredith and will include titles from popular magazines such as People and Better Homes & Gardens. Meredith agreed earlier this year to sell her television channels to Gray Television for $ 2.83 billion. Meredith grew 6.4% in pre-release.

Costco (COST) – The warehouse retailer added 1.3% to the pre-market action after reporting a same-store sales increase in September of 14.3%, slightly above the increase of 14, 2% of the previous month.

Aspen Technology (AZPN) – Emerson Electric (EMR) is in talks to merge its software business with the industrial software company, according to people familiar with the matter who spoke to Bloomberg. Aspen shares climbed 13.1% pre-market.

Healthcare Trust of America (HTA) – Shares of Healthcare Trust jumped 3.4% in pre-market trading after Bloomberg reported activist investor Elliott Management was pushing for a strategic review that could result in the sale of the real estate investment trust.

Citrix Systems (CTXS) – Citrix CEO David Henshall has resigned with the cloud computing company by appointing chairman Bob Calderoni as interim CEO. Citrix fell 2.3% in pre-release.

Rocket Labs USA (RKLB) – Rocket Labs jumped 9% in the pre-market after the company won a contract with NASA to fly an experimental solar sail into space.


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