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Chesapeake Energy Co, Lockheed Martin Corp, Herbalife Ltd and more - PRE-MARKET

Proactive Investors Thursday, 22 February 2018
US stocks are seen starting higher after a finish in the red on Wednesday. Top riser in pre-market is Chesapeake Energy Co (NYSE:CHK), which gushed almost 8% higher to US$2.84 after posting results, which beat expectations. The firm posted net income of US$309mln, or 33 US cents a share, in the quarter, after a loss of US$740mln, or 83 US cents a share, a year earlier. Meanwhile, another mover, but the other way, was Hormel Foods Corp (NYSE:HRL), which shed 0.06% after hours at US$32.66. For the first quarter, the firm released a profit that was higher versus the same period last year. Its bottom line (profit) advanced to US$303.11mln, or US$0.56 per share, which was higher than the US$235.15mln, or $0.44 per share, seen in the same period last year. Meanwhile, Lockheed Martin Corp (NYSE:LMT) shares shed 0.15% to US$356.51. It came as shareholder Oakmont Corp decreased its stake in the firm by 2.51%, based on the latest filing. Oakmont Corp sold 8,316 shares as the company’s stock rose 2.8% with the market, it was reported. After the markets close, Herbalife Ltd (NYSE:HLF) is expected to report its quarterly earnings of US$0.96 per share on revenues of US$1.08bn. Shares closed yesterday down a tad - 0.01% to US$82.94 each.
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News video: S&P 500 Movers: SRCL, CHK

▶ S&P 500 Movers: SRCL, CHK 01:27

In early trading on Thursday, shares of Chesapeake Energy Corp. (CHK) topped the list of the day's best performing components of the S&P 500 index, trading up 15.0%.

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