With US stock futures trading slightly lower this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
- Wall Street expects General Mills, Inc. to report quarterly earnings at $1.00 per share on revenue of $4.72 billion before the opening bell. General Mills shares fell 0.2% to $75.25 in after-hours trading.
- Gap Inc is eliminating about 500 corporate jobs, the apparel chain said on Tuesday, as it struggles to protect margins and battles weak sales of outdated clothes at brands including Old Navy.
- Ford Motor Company previewed the effect of parts shortages on the company in the third-quarter and said inflation-related supplier costs during the third quarter will run about $1.0 billion higher than originally expected. The company also projects to have about 40,000 to 45,000 vehicles in inventory at end of third quarter lacking certain parts presently in short supply. Ford shares rose 0.31% to $13.13 in premarket trading.
- Alpine Immune Sciences, Inc. reported a $100 million common stock offering. Alpine Immune Sciences shares fell 1.4% to $7.25 in the after-hours trading session.
- Analysts are expecting Lennar Corporation to have earned $4.91 per share on revenue of $9.03 billion for the latest quarter. The company will release earnings after the markets close. Lennar shares fell 0.4% to $76.61 in after-hours trading.
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