Hasbro, Tesla, Lennox International, Seagate Technology - PRE-MARKET
Last updated: 07:37 23 Oct 2017 EDT, First published: 02:37 23 Oct 2017 EDT
Electric car firm Tesla Inc (NASDAQ:TSLA) may well see its shares in focus on Monday after news over the weekend that the group has struck a deal with the Chinese government to build a production facility in the Shanghai free-trade zone.
The agreement would potentially give Tesla a unique edge in the world's largest market for electric vehicles.
Details of the deal, as reported by the Wall Street Journal, are still being worked out, it was reported.
Shares in Tesla after hours added 1.42% to US$350 each.
Elsewhere, Hasbro Inc (NASDAQ:HAS), the toy and board games giant, saw shares tick a tad higher, after hours.
The firm beat third-quarter profit and revenue expectations, but provided a downbeat outlook.
Net income in the third quarter was US$265.6mln or US$2.09 a share from US$257.8mln or US$2.03 a share in the same period a year ago.
Tesla reportedly made deal to open a manufacturing facility in Shanghai https://t.co/ZTWBMDx7ix pic.twitter.com/pgPY3A5TMH
— TechCrunch (@TechCrunch) 23 October 2017
Elsewhere, Lennox International Inc (NYSE:LII) is likely to be in focus as analysts expect the firm to report quarterly earnings at US$2.61 per share on revenues of $1.06bn before the opening bell.
Lennox shares rose 0.51% to close at US$180.30 on Friday.
To technology, and Seagate Technology PLC (NASDAQ:STX) shares gained 1.23% to US$35.37 each on Monday. Analysts expect the firm to report quarterly earnings of US$0.86 per share on revenues of US$2.53bn before the opening bell.
Meanwhile , Wall Street expects Kimberly Clark Corp (NYSE:KMB) to report quarterly earnings of US$1.55 per share on revenues of US$4.66bn before the bell.
Kimberly Clark shares fell 1.77% to close at US$113.44 on Friday.
