Market Movement Preview
As U.S. stock futures experience a dip this Wednesday morning, investor attention may gravitate towards a few key players in the market.
Acuity Brands Shines Light on Earnings
On the docket is Acuity Brands, Inc. (AYI), expected to unveil quarterly earnings at $3.25 per share on revenue of $907.75 million before the markets open. Coming off a 1.3% decrease, Acuity Brands shares closed at $261.83 yesterday.
Cal-Maine Foods Cracks Open Impressive Results
Cal-Maine Foods, Inc. (CALM) reported stellar fourth-quarter results, with earnings of $3.00 per share surpassing the analyst consensus of $2.46 per share. This robust performance led to a 7% surge in Cal-Maine Foods shares, reaching $63.05 in after-hours trading.
Levi Strauss & Co. Making Fashionable Moves
Analysts anticipate Levi Strauss & Co. (LEVI) to post earnings of 21 cents per share on revenue of $1.55 billion. The company is scheduled to announce its earnings post-market hours. Levi Strauss saw a 0.3% increase in shares during after-hours trading, closing at $18.80.
View, Inc. Faces a View Transformation
View, Inc. (VIEW) faced a significant drop in share price during after-hours trading yesterday following the news of its transition to a private entity through a deal with Cantor Fitzgerald and RXR. View shares plummeted by 53.7% to $0.5099.
BlackBerry Limited in the Red
Investor eyes are on BlackBerry Limited (BB) as analysts predict a quarterly loss of 3 cents per share on revenue of $154.78 million after the closing bell. BlackBerry shares experienced a minor decline of 0.01%, closing at $2.7997 in after-hours trading.
