HD (Home Depot) – The home improvement retailer’s stock rose 1% in premarket trading after its quarterly profit and revenue exceeded Wall Street expectations. Home Depot earned $3.21 per share, 3 cents higher than expected, and comparable-store sales were higher than expected. Home Depot also announced a 15% increase in dividends.
Macy’s (M) – Macy’s beat estimates by 45 cents per share with adjusted quarterly earnings of $2.45 per share. The retailer’s revenue also exceeded expectations. Macy’s also authorized a new $2 billion share repurchase program and increased its dividend by 5%. In premarket trading, the stock rose 7.9 percent.
Tempur Sealy (TPX) – The mattress company’s stock fell 5% in premarket trading. Afterward, its adjusted quarterly earnings of 88 cents per share fell short of Street expectations by 8 cents, and revenue fell short of Street forecasts.
Medtronic (MDT) – The medical device maker’s stock had a mixed quarter. Revenue fell short of expectations, but adjusted quarterly profit surpassed expectations by a penny, coming in at $1.37 per share. The stock fell 1.2 percent in the premarket but quickly recovered.
Houghton Mifflin (HMHC) – The publishing company has agreed to be acquired by Veritas Capital for $21 per share in cash, or approximately $2.8 billion. In premarket trading, the stock rose 14.9 percent.
McDonald’s (MCD) – As part of his push for the more ethical treatment of pigs by McDonald’s suppliers, investor Carl Icahn launched a proxy fight for two board seats at the restaurant chain. In the premarket, McDonald’s fell 1%.
Technology stocks
SoFi Technologies (SOFI) – The financial technology firm announced a deal to acquire banking software maker Technisys for approximately $1.1 billion in stock; it generated up to $800 million in additional revenue through 2025. In premarket trading, SoFi fell 2.7 percent.
TGNA (Tegna) – In the premarket, the TV station operator’s stock rose 7.4 percent after agreeing to a $24 per share buyout with private equity firms Standard General and Apollo Global Management (APO).
