Stocks making the biggest moves premarket: Delta Air Lines, Accenture, Regeneron and others

Stocks making the biggest moves premarket: Delta Air Lines, Accenture, Regeneron and others

(DAL) – Delta rose 2.3% in the premarket after projecting a $200 million fourth-quarter profit. Consensus forecasts were predicting a quarterly loss for Delta, but the carrier said it is seeing strong holiday demand and it is on the path toward exceeding pre-pandemic profit levels. (ACN) – The consulting firm's shares surged 6.7% in the premarket after it reported better-than-expected profit and revenue for its latest quarter, and raised its earnings guidance for fiscal 2022. Revenue rose by more than 20% across the four biggest industry groups in Accenture's customer base. (REGN) – The drugmaker's shares declined 1% in premarket trading after it said its antibody cocktail loses potency against the omicron Covid-19 variant. Regeneron did say that the cocktail is effective against the delta variant. (LEN) – Lennar reported quarterly earnings of $3.91 per share, below the $4.15 consensus estimate, and the homebuilder's revenue also fell short of forecasts. Lennar was hurt by higher lumber costs as well as increased labor costs and shortages of raw materials, resulting in delayed home deliveries. Lennar tumbled 6.3% in premarket action. (NVS) – Novartis launched a new share buyback program worth up to $15 billion, with the drug maker planning to complete