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Carmax, Boeing, Lennar Corp and more - PRE-MARKET

Boeing shares flew lower pre-market, weighing on the Dow Jones, which is seen starting nearly 500 points lower

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Boeing shares fell in pre-market trade

After a higher close, US stocks are seen starting much lower on Wednesday, with several stocks in focus. The Dow Jones futures are 497 points down.

Carmax Inc (NYSE:KMX) shares are down 5.20% at US$56.84 before the bell as the firm's profit dropped in the fourth quarter.

Net profit came in at US$122.1mln, or US$0.67 per share, against US$152.6mln, or  US$0.81 per share, in the same period last year.

Elsewhere, Boeing Co (NYSE:BA) was also flying lower in pre-market deals, as the company shares shed 4.33% to US$316.50 each.

 

The firm is seen as a US trade barometer and shares in the aircraft manufacturer fell as investors digest the impact of President Trump's new Chinese tariffs.

In other news, Lennar Corp (NYSE:LEN) shares added  0.46% to US$57.09 each in pre-market deals as it reported first quarter income which blew past analysts' expectations.

On an adjusted basis, the company earned US$1.11 a share. Analysts had expected the figure to be 77 US cents a share.

Acuity Brands Inc (NYSE:AYI) shares shed 0.39% to stand at US$134.25. Analysts on Wall Street expect the group to have earned US$2.12 per share on revenues of  US$801.80mln in the latest quarter.

Acuity will release earnings before the markets open.

Quick facts: CarMax, Inc

Price: 89.81 USD

NYSE:KMX
Market: NYSE
Market Cap: $14.74 billion
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