Some of the names on the move ahead of the open.
div > div.group > p:first-child"> Rite Aid — The drugstore chain lost a penny a share for its latest quarter, smaller than the 2 cents a share loss expected by analysts. Revenue came in below forecasts. Separately, Rite Aid approved a 1-for-20 reverse stock split, with shares set to start trading on a split-adjusted basis on April 22.
Bed Bath & Beyond — The company reported adjusted quarterly profit of $1.20 per share, beating consensus estimates by 9 cents a share. The housewares retailer also saw revenue come in above Street forecasts, and it gave better-than-expected 2019 earnings guidance. Same-store sales fell more than expected, however, and it reported an unadjusted annual loss for the first time in nearly three decades. The company also increased its quarterly dividend by 1 cent to 17 cents per share.
Stitch Fix — Chris Phillips, the head of men's and kids' clothing at the apparel styling company, is leaving to become CEO of online menswear brand Mizzen+Main, according to sources who spoke to CNBC. Amazon, Microsoft — Amazon and Microsoft remain in the competition for a Pentagon cloud computing contract that could be worth up to $10 billion, according to announcement by the Defense Department. That decision pushes Oracle and IBM out of the bidding.
Keurig Dr Pepper — Keurig Dr Pepper was downgraded to"underweight" from"equal-weight" at Morgan Stanley, expressing concern about growth rates for the single-serve coffee business.
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