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: 60.42 USD

NYSE:WGO
Market: NYSE
Market Cap: $2.03 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: Fremont Gold finishes fund raise, prepares for drilling at...

Freemont Gold (CVE: FRE-OTC: USTDF) CEO Blaine Monaghan joined Steve Darling in the Vancouver studio of Proactive to share news the company has just completed an oversubscribed private placement bringing in 1.5 million. Monaghan told Proactive that will give the Freemont the cash they need to...

1 hour, 3 minutes ago

2 min read