Check out the companies making headlines before the bell. Costco Wholesale — Costco shares added 2.7% after the wholesale retailer posted quarterly numbers that beat analyst expectations. The company also announced a special dividend of $15 per share. Lennar —The homebuilder slipped 2.4% despite posting fourth-quarter results that topped Wall Street analyst expectations. New orders also surpassed estimates, but Lennar posted lower-than-expected gross margins on homebuilding. Solar stocks — A handful of solar stocks rose on Friday after Jefferies initiated coverage with buy ratings, citing declining solar equipment costs and incentives from the Inflation Reduction Act. First Solar jumped 3.5%, while Sunrun and Enphase Energy popped 4.4% and 5.1%, respectively. Darden Restaurants — Shares of the Olive Garden owner slipped 1% on mixed quarterly results. Darden posted adjusted earnings of $1.84 per share, topping the $1.74 expected by analysts polled by LSEG. Revenue came in at $2.73 billion, slightly short of the $2.74 billion expected. Scholastic — Shares of the publisher and distributor of children’s book tanked about 12% after posting a year-over-year decline in revenue. Scholastic also trimmed its full-year guidance. Quanex Building Products — Shares of the original equipment manufacturer were down over 8% despite a fourth-quarter earnings beat. Quanex reported adjusted earnings of 95 cents on revenue of $295.5 million, topping the 70 cents per share on $ …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines before the bell. Costco Wholesale — Costco shares added 2.7% after the wholesale retailer posted quarterly numbers that beat analyst expectations. The company also announced a special dividend of $15 per share. Lennar —The homebuilder slipped 2.4% despite posting fourth-quarter results that topped Wall Street analyst expectations. New orders also surpassed estimates, but Lennar posted lower-than-expected gross margins on homebuilding. Solar stocks — A handful of solar stocks rose on Friday after Jefferies initiated coverage with buy ratings, citing declining solar equipment costs and incentives from the Inflation Reduction Act. First Solar jumped 3.5%, while Sunrun and Enphase Energy popped 4.4% and 5.1%, respectively. Darden Restaurants — Shares of the Olive Garden owner slipped 1% on mixed quarterly results. Darden posted adjusted earnings of $1.84 per share, topping the $1.74 expected by analysts polled by LSEG. Revenue came in at $2.73 billion, slightly short of the $2.74 billion expected. Scholastic — Shares of the publisher and distributor of children’s book tanked about 12% after posting a year-over-year decline in revenue. Scholastic also trimmed its full-year guidance. Quanex Building Products — Shares of the original equipment manufacturer were down over 8% despite a fourth-quarter earnings beat. Quanex reported adjusted earnings of 95 cents on revenue of $295.5 million, topping the 70 cents per share on $ …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
