logo-loader
viewWinnebago Industries

General Mills Inc, Winnebago Industries Inc, Uber, Bed Bath & Beyond- PRE-MARKET

Proactive takes a peak at what's piquing investor interest before the New York bell

Cheerios
General Mills Inc, among others, was in focus in pre-market

US shares are seen opening higher, and in pre-market deals, foodstuffs giant General Mills Inc (NYSE:GIS) added 1.51% to US$58.50.

It comes as the company met its second quarter forecasts as it posted the numbers.

The company reported a fiscal second-quarter profit of US$430.5mln, while earnings for the three months, adjusted for one-time gains and costs, were 82 US cents a share.

 

Also in focus was the leisure vehicle firm Winnebago Industries Inc (NYSE:WGO).

The firm unveiled a jump in first quarter profits and revenues, boosted by growth in its towable recreational vehicles business.

In the quarter to November 25, gross profit surged 117.6% to US$62.8mln from US$28.9mln the same period a year ago.

Revenue gained 83.5% to US$450mln from US$245.3mln as growth in the towables business offset lower revenues from the motorised vehicle unit.

Shares closed Tuesday down 0.95% at US$57.40 each.

Uber, the taxi app firm, was also in focus on Wednesday morning. The group was said to have suffered a setback after an EU court classified as a transport service and regulated like other taxi operators.

The ruling could impact other online businesses in Europe.

Bed Bath & Beyond Inc (NASDAQ:BBBY) shares added 2.38% to US$24.54 after the bell ahead of it reporting quarterly earnings.

Analysts predict the group will report earnings of 37 US cents per share on revenue of US$2bn.

Quick facts: Winnebago Industries

Price: 48.48 USD

NYSE:WGO
Market: NYSE
Market Cap: $1.63 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Preveceutical announces successful preliminary evaluation of...

Preveceutical (CSE:PREV-OTCQB: PRVCF) President Mak Jawadeker joined Steve Darling from Proactive Vancouver on Skype to discuss the company successfully completing the design, synthesis and preliminary evaluation of key peptides from its scorpion venom-derived peptide research and development...

2 days, 3 hours ago

2 min read