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Brinker International, Tesla, Eastman Kodak



Check out the companies creating headlines before the bell rings:

Brinker International (EAT) – Chili’s and Maggiano’s Little Italy’s parent company reported an adjusted quarterly loss of 88 cents per share, less than the $ 1.37 loss reported by Wall Street analysts. predicted. Sales were lower than forecast, but Brinker forecast a smaller than expected loss for the current quarter, with comparable restaurant sales falling among low to middle-aged teenagers.

Tesla (TSLA) ̵

1; Tesla has announced a 5 to 1 share split, saying it wants to make its shares more accessible to employees and investors. The additional shares will be issued on August 28 to recorded shareholders on August 21 and will begin trading on a split adjustment basis on August 31.

Eastman Kodak (KODK) – CEO Jim Continenza said the company supported the government’s decision to stop a potential loan to the company, saying the deal needed more work. The loan – designed to drive Kodak’s pharmaceutical business – is under scrutiny due to the granting of stock options to executives shortly before the announcement of a loan agreement.

Roku (ROKU) – Roku is rated as “worth buying” in the new coverage at Deutsche Bank, noting that the manufacturer of video streaming equipment is the leading manufacturer of online video equipment in Its portfolio with nearly 50% market share and says Roku has done an impressive job of building a large installed customer base.

Moderna (MRNA) – Moderna has signed a deal worth more than $ 1.5 billion with the US government for its 100 million experimental doses of COVID-19 vaccine. The vaccine will be made available to the public free of charge and the government will have the option to purchase an additional 400 million doses.

Red Robin Gourmet Burgers (RRGB) – Red Robin reported a revised quarterly loss of $ 3.31 per share, 4 cents higher than expected, with restaurant chain sales also falling below. estimated level. Its sales are affected by pandemic-related shutdowns and reopening thereafter with limited capacity.

Overstock.com (OSTK) – Overstock announced that a new offering of 2.1 million shares was priced at $ 84.50 per share compared with Tuesday’s closing price of $ 92 per share. The online retailer said the funds raised through the stock offering will be used for general corporate purposes.

Fluor Corp. (FLR) – Fluor said it would not be able to submit a timely quarterly report without incurring unreasonable costs or efforts, according to SEC filings. The engineering and construction company is in the process of investigating the report in previous periods, but is expected to submit it by September 30.

Target (TGT) – The retailer’s stock has been added to the “Analyst’s Spotlight” list at JP Morgan Securities, with the company expecting Q1 sales to remain strong as the Q2 data is announced.

American Eagle Outfitters (AEO) – JP Morgan Securities upgraded the apparel retailer’s stock to “overweight” from “neutral”, saying American Eagle is undervalued at low levels due to mid-range industries. casual and sport fail for many years.

Lazard (LAZ) – Investment consulting firm says it has $ 222.5 billion in assets under management as of July 31, up from $ 214.7 billion a month earlier.


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