Stocks making the biggest moves before the bell: Hasbro, Southwest, Hershey, Royal Caribbean and more
Check out the companies making headlines in premarket trading.
Hasbro — The toymaker tumbled 9.2% following a weaker-than-expected financial report for the third quarter. Hasbro earned $1.64 per share excluding items on $1.5 billion in revenue, while analysts polled by LSEG had anticipated $1.70 per share in earnings and revenue at $1.64 billion.
Southwest — The airline slipped 3.3% after third-quarter revenue underwhelmed Wall Street. Southwest posted $6.53 billion in revenue, while analysts surveyed by LSEG expected $6.57 billion. Earnings per share came in line with expectations, and the company said it planned to slow capacity growth in 2024 as demand leveled out.
Bristol-Myers Squibb – Shares of the drug maker fell 4% premarket after the company reported a decline in sales of its popular blood cancer drug Revlimid, citing generic competition. Bristol-Myers topped earnings expectations and posted revenue that was in line with expectations.
Overstock.com — The e-commerce name dropped 3.3% on the back of weaker-than-expected revenue. Overstock.com saw $373.3 million in the third quarter, notably missing the $396 million consensus estimate of analysts polled by FactSet.
Hershey — The candy-and-snack maker added 2.7% after posting a strong third-quarter earnings report. Hershey earned $2.60 per share excluding items and revenue at $3.03 billion. Analysts surveyed by LSEG had expected $2.45 in earnings per share and $2.95 billion in revenue. The company left its full-year expectations for both lines unchanged.
Royal Caribbean — Shares advanced 1.7% after beating expectations on both lines in the third quarter. The cruise line earned $3.85 per share excluding items and said revenue came in at $4.16 billion, while analysts
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