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Check out the companies making headlines before the bell:
Campbell Soup (CPB) – The food producer's shares rallied 3.7% in the premarket after Campbell reported an adjusted quarterly profit of 70 cents per share, 9 cents above estimates. Sales also beat forecasts, and the company raised its full-year sales outlook. Campbell also maintained its prior earnings forecast, noting it now expects core inflation to run hotter than its previous outlook.
Thor Industries (THO) – The recreational vehicle maker's stock surged 6.9% in premarket trading following better-than-expected quarterly results. Thor earned $6.32 per share, well above the $4.77 consensus estimate, amid strong demand for its products. Thor also said it is seeing signs of improved supply chain issues.
Moderna (MRNA) – Moderna added 1.6% in the premarket after a modified version of its Covid-19 booster shot prompted a stronger immune response than the company's original vaccine against the omicron variant. Data will be submitted to U.S. regulators in the coming weeks.
Western Digital (WDC) – Western Digital said it is reviewing strategic alternatives, including a possible split of its flash memory and disk drive businesses. Activist investor Elliott Management, which owns 6% of Western Digital, has been pushing for those changes. Shares jumped 3.8% in premarket action.
Roku (ROKU) – Shares of the video streaming device maker rallied 8.1% in the premarket after a Business Insider article highlighted talk inside Roku about possibly being acquired by Netflix (NFLX).
Hasbro (HAS) – Hasbro will be successful in pushing back a board challenge from activist investor Alta Fox, according to people familiar with the matter who spoke to Reuters. Alta Fox has
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