(ticker: PACW) was rising 34% in premarket trading after the regional lender said it was reducing its dividend. The bank, which saw its shares surge 82% on Friday, also said in a statement that its “business remains fundamentally sound.”
(ZS) shares soared 23% after the cybersecurity company raised guidance for the full fiscal year.
(TSN) fell 8.1% after the meat company posted a surprise fiscal second-quarter loss and cut guidance.
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American depositary receipts of
(BNTX) gained 5.2% after first-quarter earnings and revenue beat analysts’ expectations.
(DISH) was declining 4.5% after the telecommunications company’s first-quarter revenue fell more than expected. Dish also said pay-TV subscribers in the first quarter fell by a net 552,000.
(AMC) was down 3.6% in premarket trading after the movie theater chain said it reached an agreement to settle a putative stockholder class action over converting AMC Preferred Equity Units (APE) into common shares, and a proposed 10-to-1 reverse stock.
(AAL) was up 3.1% in premarket trading after receiving an upgrade to Overweight from Neutral at J.P. Morgan, while
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(LUV) was trading flat after analysts at the firm downgraded the stock to Neutral from Overweight.
(OXY) was down 0.5% in premarket trading after
(BRK.B) CEO Warren Buffett tamped down speculation that his conglomerate, which owns roughly 24% of
(OXY), wants to buy the entire company.
was rising 1.4%. The company reported that operating profit after taxes rose 12.6% to $8.1 billion in the first quarter on higher investment income and increased insurance profit.
(PYPL),
(SWKS),
(PLTR),
(WDC), and
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(LCID) are scheduled to report earnings after the closing bell Monday.
Write to Joe Woelfel at joseph.woelfel@barrons.com
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