Costco, FedEx, and Constellation among premarket stock movers.
Originally Published 2 years ago — by CNBC
Shares of Richardson Electronics rose 0.7% after reporting better-than-expected earnings and a smaller backlog in its third fiscal quarter. Costco Wholesale's shares dipped 2.5% after reporting a decline in total comparable sales for March, but positive growth when excluding changes in gasoline prices and foreign exchange. Constellation Brands' shares rose slightly after beating earnings expectations. FedEx Corporation's shares rose 1% after announcing a restructuring plan to cut costs. Pinterest's shares rose 1.2% after receiving an outperform rating from Raymond James. Levi Strauss' shares dropped 4% despite beating expectations on earnings and revenue, as the company reaffirmed its annual guidance with a cautious outlook on the macro-environment.