Check out the companies making headlines before the bell. ConocoPhillips — Shares slipped more than 3% following news that the company is acquiring Marathon Oil in a $17.1 billion all-stock deal, which is expected to close in the fourth quarter. Marathon Oil stock rose more than 7% following the announcement. Dick’s Sporting Goods — The sporting goods retailer popped 7.7% after reporting an earnings and revenue beat for its fiscal first quarter. Dick’s also raised its full year guidance. It now expects earnings per share to be between $13.35 and $13.75, up from its prior range of $12.85 to $13.25. That tops the $13.25 expected from analysts polled by LSEG. American Airlines — Shares of the airline fell 8% after the firm cut its outlook for the second quarter and announcing the departure of its chief commercial officer. The company said it expects unit revenues to be down 5% to 6% for the quarter, compared to previous guidance for a decline of no more than 3%. American also lowered its forecast for adjusted earnings per share. Robinhood — The stock broker shares jump 1.6% in premarket after the trading startup announced its first-ever share buyback plan. Robinhood said it would repurchase $1 billion worth of stocks over a two to three year period starting from the third quarter. Chewy — The pet supply retaile …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines before the bell. ConocoPhillips — Shares slipped more than 3% following news that the company is acquiring Marathon Oil in a $17.1 billion all-stock deal, which is expected to close in the fourth quarter. Marathon Oil stock rose more than 7% following the announcement. Dick’s Sporting Goods — The sporting goods retailer popped 7.7% after reporting an earnings and revenue beat for its fiscal first quarter. Dick’s also raised its full year guidance. It now expects earnings per share to be between $13.35 and $13.75, up from its prior range of $12.85 to $13.25. That tops the $13.25 expected from analysts polled by LSEG. American Airlines — Shares of the airline fell 8% after the firm cut its outlook for the second quarter and announcing the departure of its chief commercial officer. The company said it expects unit revenues to be down 5% to 6% for the quarter, compared to previous guidance for a decline of no more than 3%. American also lowered its forecast for adjusted earnings per share. Robinhood — The stock broker shares jump 1.6% in premarket after the trading startup announced its first-ever share buyback plan. Robinhood said it would repurchase $1 billion worth of stocks over a two to three year period starting from the third quarter. Chewy — The pet supply retaile …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
