Comtech Telecommunications ‘ shares plunged more than 12% premarket after it reported quarterly earnings and said its chief operating officer would become chief executive.
Shares of Duckhorn Portfolio added more than 5% in premarket trading after the wine company’s financial guidance for the current year beat Wall Street expectations. PepsiCo shares edged up 1.2% after the food-and-beverage company said its revenue rose for the recent quarter, though profit fell, while it navigates a volatile supply-chain and cost environment.
Shares of energy companies gained as Brent crude, the international benchmark, rose 1.2% to $82.24 a barrel—its highest level since 2018. Occidental Petroleum shares added 1.9%, and shares of Marathon Oil gained 2.5%.
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