Oracle Corporation CEO Safra Catz rings the opening bell at the New York Stock Exchange (NYSE) on July 12, 2023 in New York City, USA.
Brendan Mcdermid | Reuters
Check out the companies making headlines before the bell
oracle – Shares fell 10% before the opening bell after the company reported weaker-than-expected sales and revenue guidance for its fiscal second quarter. For the most recent quarter, the software company reported adjusted earnings of $1.19 per share, compared to $1.15 expected by analysts surveyed by LSEG. Revenue was $12.45 billion, below expectations of $12.47 billion.
WestRock — Shares rose more than 6% before the bell on news that the paper and packaging company is moving forward with its merger with Smurfit Kappa. Shares in Dublin-based Smurfit Kappa fell more than 8% on the news.
Apple – The stock rose slightly before the bell ahead of the tech giant’s highly anticipated iPhone launch event starting at 1 p.m. ET.
Cintas – Shares rose 1% in premarket trading after Bank of America upgraded the stock to a buy rating as the likelihood of a soft landing for the economy increased.
Casey’s General Stores – The retail stock rose more than 4% premarket after beating earnings expectations for the latest quarter. Casey’s General Stores reported earnings of $4.52 per share, beating analysts polled by FactSet’s expectations of $3.36. Revenue was $3.87 billion, slightly below expectations of $3.9 billion.
Geron — The stock jumped nearly 5% before the bell after Goldman Sachs upgraded the blood cancer treatment company to “buy” from “neutral” ahead of its drug launch in 2024, suggesting shares could rise as much as 70% could.
https://www.cnbc.com/2023/09/12/stocks-making-the-biggest-moves-premarket-orcl-wrk-aapl.html Stocks seeing the biggest moves premarket: ORCL, WRK, AAPL