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Check out the companies making headlines before the bell:
Darden Restaurants (DRI) – The parent of Olive Garden and other restaurant chains reported quarterly earnings of $1.93 per share, missing the $2.10 consensus estimate, with revenue and comparable-store sales also below analyst forecasts. Darden said the omicron variant significantly impacted guest demand, staffing levels and costs in January, but the environment subsequently improved. Darden fell 1.7% in the premarket.
KB Home (KBH) – KB Home missed estimates by 9 cents with quarterly earnings of $1.47 per share, and the home builder's revenue also missed Wall Street forecasts. KB Home said it was dealing with supply and labor issues that hampered its ability to complete home construction. KB Home shares lost 3.6% in premarket trading.
Spotify Technology (SPOT) – Spotify shares jumped 3.7% in the premarket after it reached an agreement with Alphabet's (GOOGL) Google that lets subscribers sign up for the service directly through the Google Play store. Dating services operator Match Group (MTCH) – another company that has sparred with Google over app store fees – rallied 3.4% following the Spotify news.
Nikola (NKLA) – Nikola soared 15.1% in premarket action after announcing electric truck production began at its Coolidge, Arizona, factory last week, meeting a goal that had been articulated during its most recent quarterly earnings report last month.
GameStop (GME) – GameStop remains on watch after the videogame retailer's stock surged 14.5% Wednesday, marking a seventh straight day of gains after Chairman Ryan Cohen bought 100,000 more shares and raised his stake to 11.9%. GameStop slid 5.2% in premarket trading.
FactSet (FDS) – The financial
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