Check out the companies making headlines in premarket trading. Berkshire Hathaway — Class A shares traded up 1.2% early Monday after the conglomerate posted 39% year over year growth in operating profit. The Warren Buffett-led business also saw its cash holdings rise to record levels, approaching $200 billion. Paramount — Shares popped 2.4% following a report that the owner of Paramount Pictures and CBS Entertainment Group began formal acquisition negotiations with a group led by Sony Pictures Entertainment and Apollo. Elsewhere, Warren Buffett admitted over the weekend that he sold the entire Berkshire stake in Paramount at a loss. Spirit Airlines – The discount carrier fell 4% premarket after posting a $1.46 cent per share loss in the first quarter, wider than a FactSet consensus estimate from analysts of a $1.45 per share loss. Revenue matched expectations. Spirit also forecast second-quarter revenue between $1.2 billion and $1.34 billion, below a FactSet estimate of $1.46 billion. Li Auto — U.S. shares of the Chinese electric vehicle maker jumped 6.7% on the back of solid order data for the L6 model. The L6 first began deliveries last month . Tyson Foods — Shares gained 2.1% after Tyson posted fiscal second-quarter adjusted earnings of 62 cents per share, more than the 39 cents per share expected by analysts polled by StreetAccount. On the ot …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in premarket trading. Berkshire Hathaway — Class A shares traded up 1.2% early Monday after the conglomerate posted 39% year over year growth in operating profit. The Warren Buffett-led business also saw its cash holdings rise to record levels, approaching $200 billion. Paramount — Shares popped 2.4% following a report that the owner of Paramount Pictures and CBS Entertainment Group began formal acquisition negotiations with a group led by Sony Pictures Entertainment and Apollo. Elsewhere, Warren Buffett admitted over the weekend that he sold the entire Berkshire stake in Paramount at a loss. Spirit Airlines – The discount carrier fell 4% premarket after posting a $1.46 cent per share loss in the first quarter, wider than a FactSet consensus estimate from analysts of a $1.45 per share loss. Revenue matched expectations. Spirit also forecast second-quarter revenue between $1.2 billion and $1.34 billion, below a FactSet estimate of $1.46 billion. Li Auto — U.S. shares of the Chinese electric vehicle maker jumped 6.7% on the back of solid order data for the L6 model. The L6 first began deliveries last month . Tyson Foods — Shares gained 2.1% after Tyson posted fiscal second-quarter adjusted earnings of 62 cents per share, more than the 39 cents per share expected by analysts polled by StreetAccount. On the ot …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
