Check out the companies making headlines in premarket trading. Berkshire Hathaway — Class A shares traded up 1.2% early Monday, two days after the conglomerate posted 39% year over year growth in operating profit. The Warren Buffett -led business also saw its cash holdings rise to record levels, approaching $200 billion. Paramount — Shares popped 2.
Starbucks issued weaker-than-expected quarterly earnings and revenue last week. Victoria's Secret — The intimate apparel stock dropped 5% before the bell. Morgan Stanley downgraded Victoria's Secret to underweight and cut its price target, citing expectations for negative EPS revisions and a tough second half for specialty retail. EHang Holdings — The autonomous aircraft stock advanced 3.2% on the heels of a bullish initiation of research coverage from Morgan Stanley.
Source: News Formal (newsformal.com)
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