– Wells Fargo was fined $250 million by regulators who said the bank has not made sufficient progress in solving ongoing issues in its mortgage business. Regulators had first identified those issues in a 2018 order. Wells Fargo shares added 2% in premarket action.
– American Outdoor Brands earned an adjusted 48 cents per share for its fiscal first quarter, 8 cents above estimates. The maker of outdoor recreational products got a boost from increased profit margins and higher sales in both domestic and international markets. It projects full-year earnings of $2.02 to $2.26 compared with a $2.24 consensus estimate. Shares slid 5.4% in the premarket. – Zumiez beat estimates by 23 cents with adjusted quarterly earnings of $1.
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