As U.S. stock futures show a positive start to the trading day, several companies are poised to grab investor attention. Here’s a rundown of the stocks making headlines this morning:
General Mills (GIS):
Wall Street analysts are expecting the food giant to report earnings of $1.06 per share on revenue of $4.80 billion before the opening bell. General Mills shares saw a 0.4% increase to $74.83 in after-hours trading, indicating a potential positive response to the upcoming earnings release.23andMe Holding Co. (ME):
This genetic testing company made waves in the after-hours market with the news that its independent directors have resigned from the board. The news led to a significant 15% dip in 23andMe shares, closing at $0.29. The resignation of the directors could be an indication of internal turmoil or a change in strategic direction for the company.Steelcase Inc. (SCS):
The office furniture company is expected to post quarterly earnings of 37 cents per share on revenue of $864.10 million. Steelcase shares gained 0.8% to $14.12 in the after-hours trading session, suggesting potential optimism surrounding the company’s financial performance.Intuitive Machines, Inc. (LUNR):
This space technology company received a significant boost with the news that it has been awarded a NASA Near Space Network contract. The contract, with a potential value of $4.82 billion, will see Intuitive Machines provide communication and navigation services. This announcement sent Intuitive Machines shares soaring by 55.6% to $8.40 in the after-hours trading session, highlighting the positive impact of the NASA contract.Sangoma Technologies Corporation (SANG):
Analysts are expecting a quarterly loss of 3 cents per share on revenue of $61.03 million for the software and telecommunications company. Sangoma Technologies shares experienced a 6% drop to $6.37 in after-hours trading, possibly reflecting concerns surrounding the projected loss.Investors will be closely watching these stocks as they release their quarterly earnings reports and react to the latest news impacting their respective industries. Stay tuned for further updates and market developments throughout the day.
