Check out the companies making headlines in premarket trading. Bath & Body Works — Shares popped 16% after third-quarter earnings edged out Wall Street forecasts. The retailer earned 49 cents per share, excluding items, on revenue of $1.61 billion, while analysts polled by LSEG had anticipated earnings of 47 cents a share and revenue of $1.58 billion. Robinhood — Shares of the brokerage firm rose more than 7% after Morgan Stanley upgraded the stock to overweight from equal weight.
5 million in sales from Abercrombie and $557 million from its Hollister brand. Shares are up more than 15% this month, as investors have grown more enthusiastic after apparel retailer Gap raised its full-year outlook given a strong start to the holiday shopping season. Target — Shares gained nearly 2% after Oppenheimer listed the retailer as a top pick, citing an improved risk-to-reward skew.
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Source: CNBC - 🏆 12. / 72 Read more »