Check out some of the largest moving companies on the pre-market:
AMC Entertainment (AMC) – The cinema operator’s shares rose another 15.4% in premarket trading after four consecutive days of earnings and a nearly 36% increase in Thursday’s session alone. AMC – popular with so-called “meme” stocks – has more than doubled this week.
Ulta Beauty (ULTA) – Ulta Beauty reported quarterly earnings of $ 4.07 per share, more than double the consensus estimate of $ 1.95 per share. The cosmetics retailer also reported better-than-expected sales, and Ulta raised its guidance for the full year. Cosmetics sales rose as the pandemic receded. The stock rose 6% before entering the market.
Salesforce.com (CRM) – Salesforce shares advanced 5.2% after posting quarterly earnings of $ 1.21 per share, beating consensus estimate of 88 cents per share. The business software giant’s revenue also exceeded analysts’ forecasts, aided by the strength of its “Customer 360” platform.
Boeing (BA) – Boeing fell 1.2% in the pre-market after it became known that the jet maker had stopped delivering its 787 Dreamliner. Federal regulators want more information about Boeing’s proposed solutions to previously identified quality control issues.
Big Lots (BIG) – The discounter initially gained ground but then fell 1.5% in premarket trading despite a better-than-expected quarter. Big Lots earned $ 2.62 per share, compared to a consensus estimate of $ 1.69 per share. Income also exceeded estimates. Like-for-like store sales increased 11.3% compared to a FactSet consensus estimate of 5.7%.
Hibbett Sports (HIBB) – The sporting goods retailer’s shares rose 5.8% in the pre-market after reporting quarterly earnings of $ 5.00 per share, beating consensus estimate of $ 2.77. Sales also exceeded expectations as sales in the same store increased 87.3%. Hibbett also raised its full-year guidance to capitalize on pent-up demand.
Dell Technologies (DELL) – Dell earned $ 2.13 per share in the first quarter, beating the consensus estimate of $ 1.61. The computer manufacturer’s revenue also exceeded estimates. Dell continues to benefit from continued demand for desktops and notebooks, but has recognized the potential impact of the lack of computer chips on accessories.
HP Inc. (HPQ) – HP also benefited from increased demand for computers, beating estimates by 4 cents per share on quarterly earnings of 93 cents per share. Income also exceeded estimates. HP also benefited from better than expected results in the printer business. HP raised its guidance for the full year, but also warned of the potential impact on chip shortages, causing the stock to fall 5.6% on the pre-market.
Box (BOX) – Box beat estimates by one cent per share with quarterly earnings of 18 cents per share. Revenue also exceeded Wall Street projections for the cloud computing company. Box also raised its forecast for the year.
Costco (COST) – Costco earned $ 2.75 per share last quarter, compared to a consensus estimate of $ 2.35 per share. The sales forecasts for warehouse retailers were also exceeded. Costco also warned of rising costs for products and workers’ salaries.
Gap (GPS) – Gap reported quarterly earnings of 48 cents per share, surprising analysts who expected a loss of 5 cents per share. The clothing retailer’s revenue also beat estimates, and the company made a positive forecast based on categories such as active clothing and dresses. Despite the positive results, the pre-market gap fell by 1.3%.
Bristol-Myers Squibb (BMY) – The drug maker has received Food and Drug Administration approval to use its drug Zeposia to treat ulcerative colitis. Oral treatment – acquired when Bristol Myers bought Celgene for $ 74 billion in 2019 – is already approved for the treatment of multiple sclerosis.