Welcome to Extreme Investor Network, your go-to source for all things finance and investing. Today, we’re diving into the latest market news with a focus on companies making headlines in premarket trading.
Crocs, the footwear stock, saw a tick up of more than 1% after receiving an upgrade to buy from hold at Williams Trading. The investment firm noted that Crocs’ recent move to sign actress Sydney Sweeney as a spokesperson for its Heydude brand could help reverse negative sales trends.
Agilent Technologies, a laboratory supply company, impressed investors with its fiscal third-quarter results that surpassed Wall Street estimates on both the top and bottom line. The firm reported earnings of $1.32 per share, excluding items, on revenue of $1.58 billion, beating analyst expectations.
Nordson, an adhesives company, also reported better-than-expected fiscal third-quarter results, with earnings of $2.41 per share and revenue of $661.6 million, surpassing analyst estimates.
In the software sector, Synopsys saw shares gain more than 2% after reporting a fiscal third-quarter earnings beat on both the top and bottom lines. The company’s earnings and revenue exceeded analyst consensus, signaling strong performance.
Rounding out the news, Paramount Global ticked up more than 2% after reports that Edgar Bronfman increased his bid for National Amusements and a stake in Paramount to $6 billion.
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