Deal Estimated at $31 Billion
McKesson won a Veterans Affairs contract valued at more than $31 billion. The two-year agreement calls for McKesson to supply all the VA's medical centers and outpatient clinics, as well as the VA's Consolidated Mail Outpatient Pharmacies. MCK climbs almost 5 percent before the bell.
Avid Revenue Misses the Mark
Avid Technology had first-quarter revenue of $152 million, according to a preliminary release. The consensus estimate was for $161 million, and AVID is plunging 17 percent on my tradeMONSTER platform in premarket trade.
Shell Drops on Potential Oil Spill
Royal Dutch Shell is down on news of a potential oil spill between the company's Mars and Ursa production areas in the Gulf of Mexico. Management is reportedly working to respond, but RDS.A is still down by 4 percent in the pre.
Tractor Supply Crushes Estimates
Tractor Supply issued bullish preliminary results for the first quarter. Earnings will be $0.53 to $0.55, way above the $0.32 average analyst forecast. It also raised full-year guidance. TSCO is up almost 5 percent before the bell.
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