Here’s what we’re watching ahead of Thursday’s open
33rd record closeOkta dropped 2.6% premarket. The cloud-based identity services provider raised its full-year revenue outlook, but its losses widened in the fiscal second quarter as costs and expenses ballooned.
Hill-rom added 2.8%. Baxter International is buying the medical-technology company for $156 a share, a premium over Hill-rom’s Wednesday’s $145.06 closing price. Smith & Wesson Brands dropped 1.6% premarket, though the gun maker’s profit rose in its first quarter amid strong demand for its firearm even as the company cut its costs.
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