Check out the companies that are making waves before the opening. Micron — Shares fell nearly 6% after the semiconductor maker issued a revenue outlook of $7.6 billion for the current quarter, in line with analysts’ expectations. Micron also reported third-quarter profits and revenues that beat expectations. GSK — Shares of the biopharmaceutical company fell nearly 2% after the Centers for Disease Control and Prevention suspended its recommendation for the respiratory syncytial virus vaccine for adults under 60. Levi Strauss & Co. — Shares of the denim maker fell 15.4% after it reported second-quarter revenue of $1.44 billion, slightly below the $1.45 billion consensus estimate of analysts surveyed by LSEG. International Paper — Shares of the paper manufacturer fell 13% after Suzano decided to terminate takeover talks. Suzano said the maximum price for the deal had been reached without hearing from the other party.Walgreens Boots Alliance — Shares fell more than 11% after the retail pharmacy company posted weaker-than-expected third-quarter profits and lowered its full-year adjusted earnings outlook. Walgreens also said it would close underperforming stores to cut costs. Goldman Sachs — U.S. bank stocks fell nearly 2% following the results of the latest stress tests. The Federal Reserve said all 31 of the largest U.S. banks could withstand a hypothetical severe recession. AeroVironment — Shares fell 6% even though the unmanned aerial vehicle maker reported better-than-expected fourth-quarter profits and revenues. However, the company reported fiscal 2025 EBITDA guidance that was 5% below analysts’ consensus estimates, according to FactSet. U.S. Bancorp — Bank shares fell more than 1% after JPMorgan downgraded the company to neutral from overweight. Analyst Vivek Juneja said banks could come under pressure from the tougher capital requirements resulting from the stress tests. —CNBC’s Michelle Fox, Alex Harring and Fred Imbert contributed reporting.
Biggest movers in premarket trading: WBA, LEVI, MU
