Check out the companies making headlines ahead of the bell. Micron – The chip stock fell nearly 13% in premarket trading after the chipmaker issued weaker second-quarter guidance. First-quarter revenue came in line with analysts’ expectations, while earnings topped estimates. Arkume Weston – Shares of the frozen potato producer sank 18% after posting quarterly results that missed estimates on both the top and bottom lines. Lamb Weston posted adjusted earnings of 66 cents per share on revenue of $1.6 billion. That fell short of the $1.01 to $1.67 billion in revenue EPS that analysts polled by FactSet had expected. The company also named a new CEO as activist investor Jana Partners comes under constant pressure to change its leadership team. Darden Restaurants – the parent of The Olive Garden and LongHorn Steakhouse – jumped 8% after reporting higher earnings and revenue for its fiscal second quarter. Darden also raised its full-year revenue guidance. It now expects revenue of $12.1 billion, up from $11.8 billion previously to $11.9 billion. Analysts polled by FactSet had expected guidance of $11.97 billion. Lennar – The homebuilder sank 10.2% after fiscal first-quarter earnings missed analysts’ expectations. Lennar earned $4.06 per share on revenue of $9.95 million, while analysts polled by LSEG had expected $4.16 and $10.08 million, respectively. Tesla – Electric vehicle stocks added 3% after falling more than 8% in Wednesday’s session, after markets sold off as the Federal Reserve signaled fewer rate cuts next year. Conagra Brands – the packaged food company fell 2% after cutting its fiscal year outlook. Conagra now sees its fiscal year earnings coming in at a range of $2.45 to $2.50 per share, down from previous guidance of $2.60 to $2.65 and FactSet’s estimate of $2.58. However, Conagra reported a rise in fiscal second-quarter earnings and revenue versus the FactSet consensus. Accenture – The IT services management company rose 7% after beating revenue forecasts for its fiscal first quarter and raising full-year guidance. Accenture said it now expects revenue to grow between 4% and 7%, compared with a previous forecast of 3% to 6%. Carmax – Shares rose more than 6% after the company’s third-quarter results beat Wall Street expectations. Carmax earned 81 cents per share on revenue of $6.22 billion. That’s above the 62 cents per share revenue of $6.05 billion expected by analysts polled by FactSet. Palantir – Shares of artificial intelligence software gained nearly 3% after announcing an expanded partnership with the US Army with a contract worth approximately $619 million. Shares fell about 4% in Wednesday’s trading. – CNBC’s Sarah Min, Yun Li, Alex Harring, Michelle Fox, Lisa Han and Sean Conlon contributed reporting
