Check out the companies making headlines at the premarket Wednesday:
Levi Strauss — The denim apparel manufacturer posted third-quarter earnings of 31 cents a share on revenue of $1. 45 billion, sending its stock up nearly 1 percent in the premarket. Analysts polled by Refinitiv anticipated a gain of 28 cents a share on $1. 44 billion in earnings. However, Levi Strauss also struggled to grow its wholesale business in the Americas, its biggest market.
American Airlines — The airline extended cancelations of Boeing 737 Max flights before mid-January as testimonials for the airplanes’ proposed software changes drag . The Federal Aviation Administration said in a statement it’s “following a thorough process, not a prescribed timeline, for returning the Boeing 737 Max to passenger service.”
Apple — An analyst at Canaccord Genuity increased his price target on Apple to $260 per share from $240, citing polls showing “iPhone 11 strength.” The analyst stated: “With the stronger than anticipated initial sales for the launch of this year’s iPhone lineup, we believe the September quarter results could come in at the high end of guidance.”
Domino’s Pizza — Domino’s was downgraded to “hold” from “buy” at Argus Research. The research firm cited increasing competition from providers like DoorDash, GrubHub and Uber Eats, noting they will “restrict same-store sales growth” for Domino’s moving ahead.
FireEye — Shares of the cybersecurity firm jumped more than 4 percent in the premarket on the back of strong revenue guidance for the next quarter. FireEye said it expects earnings for the quarter to come in at, or over, the high end of a range between $217 million to $221 million.
U.S. Steel — CFO Kevin Bradley announced his resignation, effective Nov. 4, but will stay with the firm as an advisor to CEO David Burritt. Christine Breves, chief supply chain officer, will succeed Bradley as CFO.