Check out the companies making headlines in premarket trading. Tesla — Shares jumped 7% after CEO Elon Musk said his $56 billion pay package and a resolution to move the company’s incorporation to Texas were both set to pass a shareholder vote. The former garnered criticism heading into the vote, with notable shareholders publicly saying they intend to vote against the compensation plan. Broadcom — Shares jumped nearly 14% after the chipmaker posted an earnings and revenue beat and announced a 10-for-1 stock split. Adjusted earnings per share for its fiscal second quarter came in at $10.96, topping the $10.84 expected from analysts polled by LSEG. Revenue was $12.49 billion, versus the $12.03 billion expected. Dave & Buster’s — Shares of the entertainment and restaurant chain fell 10% after first-quarter sales missed expectations. Dave and Buster’s reported $588 million of revenue for the first quarter, below the $621 million projected by analysts, according to LSEG. Oxford Industries — Shares tumbled 4% after the clothing maker’s weaker-than-expected earnings report. The Tommy Bahama parent posted adjusted earnings of $2.66 per share on $398.2 million in revenue. Analysts polled by FactSet had penciled …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in premarket trading. Tesla — Shares jumped 7% after CEO Elon Musk said his $56 billion pay package and a resolution to move the company’s incorporation to Texas were both set to pass a shareholder vote. The former garnered criticism heading into the vote, with notable shareholders publicly saying they intend to vote against the compensation plan. Broadcom — Shares jumped nearly 14% after the chipmaker posted an earnings and revenue beat and announced a 10-for-1 stock split. Adjusted earnings per share for its fiscal second quarter came in at $10.96, topping the $10.84 expected from analysts polled by LSEG. Revenue was $12.49 billion, versus the $12.03 billion expected. Dave & Buster’s — Shares of the entertainment and restaurant chain fell 10% after first-quarter sales missed expectations. Dave and Buster’s reported $588 million of revenue for the first quarter, below the $621 million projected by analysts, according to LSEG. Oxford Industries — Shares tumbled 4% after the clothing maker’s weaker-than-expected earnings report. The Tommy Bahama parent posted adjusted earnings of $2.66 per share on $398.2 million in revenue. Analysts polled by FactSet had penciled …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
