Dow futures dropped Monday against the backdrop of increasing U.S. oil prices and a tick-up in bond yields.
earned 64 cents per share for its latest quarter, beating estimates of 45 cents a share. Revenue also topped forecasts. The supermarket operator increased its quarterly dividend by 20% to 12 cents per share. Its shares jumped 3.6% in premarket action. reported lower-than-expected sales for the third quarter, and the Dutch medical technology company lowered its sales and profit outlook for the full year.
Philips is taking a hard hit from a respirator recall and a global shortage of electronic components. Its shares fell 2% in the premarket. is forming a joint venture with South Korean battery maker LG Energy Solution to produce batteries and components for the North American market. The batteries will be produced at the automaker's plants in the U.S., Canada and Mexico. Stellantis shares slid 1% in premarket trading.
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