Check out the companies that made the headlines before the bell:
Albertson (ACI) – Albertsons fell 4.1% in premarket trading after announcing a merger deal with supermarket rival Kroger (Korean). Albertsons surged 11.5% on Thursday after sources told CNBC the two sides were in talks about a merger. Kroger shares fell 3%.
JPMorgan (JPMorgan) – JPMorgan shares rose 2.3% in premarket trading after beating the highest and lowest estimates for the third quarter. The bank’s results were boosted by higher net interest income, which helped offset lower trading income and higher loan-loss provisions.
FuGuo bank (WFC) – Wells Fargo rose 1.6% in premarket trading after reporting quarterly results. Higher interest rates have helped the bank’s bottom line despite being hit by allegations related to lawsuits and other matters.
Morgan Stanley (Multiple Sclerosis) – Morgan Stanley reported quarterly profit of $1.47 a share, 2 cents below expectations, as the investment bank weathered what it called a difficult and uncertain environment.
UnitedHealth Group (New Hampshire) – The health insurer rose 1.6% in premarket trading after beating top- and bottom-line estimates for the third quarter and raising its outlook. UnitedHealth benefits from reduced COVID-related testing and treatment costs.
Nutanics (NTNX) – Shares of the cloud computing company surged 15.9% in premarket trading after the Wall Street Journal reported that Nutanix was exploring a possible sale. The company is targeting industry rivals and private equity firms as potential buyers, sources told the outlet.
Beyond Meat (binding) – Beyond Meat fell 8.7% in the premarket after lowering its revenue outlook and announcing another round of layoffs, signaling reduced demand and increased competition for its plant-based meat products.
caterpillar (cat) – Caterpillar dropped its mandatory retirement policy, a move that will allow CEO Jim Umpleby to stay on after he turns 65 in February.
Infosys (INFY) – Infosys raised its revenue growth outlook for the fiscal year ended March, although the India-based IT services company did cut the high end of its operating margin forecast. Infosys also announced a $1.13 billion share repurchase.