Take a look at some of the largest moving companies on the pre-market:
Lowe’s (LOW) – The hardware store reported quarterly earnings of $ 1.33 per share, 12 cents per share above estimates. Sales were also above the analysts’ forecasts. Revenue in the same store increased 28.1% compared to the 22% forecast by analysts surveyed by FactSet. Lowe’s shares rose 2.5% in premarket trading.
Casper Sleep (CSPR) – Casper Sleep lost 37 cents per share last quarter, 2 cents per share more than analysts expected. However, the mattress retailer reported better than expected sales and its shares rose 4.6% in the pre-market.
Six Flags (SIX) – The theme park operator lost $ 1 per share in the most recent quarter, more than analysts’ anticipated stock losses of 89 cents. Sales were well above estimates, as was the per guest spend. Six Flags said it is focused on opening all of its parks for the 2021 season and expects significant earnings growth once the operating environment normalizes.
ODP Corp. (ODP) – The parent company of Office Depot shares gained 1.1% in pre-market business, although it was below the line in its last quarterly report. ODP earned 55 cents a share, compared to a consensus estimate of 83 cents a share, but revenue was slightly above analysts’ projections.
Bausch Health (BHC) – The pharmaceutical and medical device maker announced an agreement with investor Carl Icahn to join Icahn Capital’s Board of Directors with Brett Icahn and Steven Miller. Icahn owns 7.83% of Bausch Health.
Square (SQ) – Square beats estimates by 8 cents per share on quarterly earnings of 32 cents per share. The company’s digital payments earnings also exceeded Wall Street projections. However, the stock has been under pressure as growth rates appear to be slowing and stocks fell 2.5% ahead of the IPO. Square also announced it had purchased $ 170 million worth of Bitcoin in the quarter.
GameStop (GME) – GameStop’s Chief Financial Officer, Jim Bell, will step down on March 26th. A source told Reuters that the move had nothing to do with the video game company’s recent frenzied trading in shares, despite being initiated by the company. GameStop said Bell was not due to disagreements about operations or accounting principles and practices. GameStop fell 2.2% in premarket trading.
Toll Brothers (TOL) – Toll Brothers made 76 cents per share last quarter, compared to a consensus estimate of 47 cents per share. The income of the luxury house builder was also above the forecasts. Toll Brothers also raised guidelines on a variety of key metrics, with demand strong and inventory tight and stocks up 1.4% ahead of the IPO.
Intuit (INTU) – Intuit stocks fell 2.3% ahead of the IPO after falling 23 cents per share below estimates, with quarterly earnings of 68 cents per share. The financial software maker’s revenue also lagged behind street projections. The company behind TurboTax and QuickBooks forecast a positive current quarter that includes tax returns.
OI Glass (OI) – OI is working to bring production back to normal levels at eight plants in Texas, Oklahoma and Mexico. Production had been temporarily shut down due to the severe winter weather in the area, and OI said quarterly profits would be impacted by the resulting reduction in production and shipments of glasses and bottles. The warning helped push the stock down 2.5% in the pre-market.
Tesla (TSLA) – Tesla stays on track after Tuesday’s 2.2% decline – the fourth in a row – pushed its stock into negative territory for 2021. The stock is up 4.2% in premarket trading, partly due to an increase in value in Bitcoin holdings.
MicroStrategy (MSTR) – MicroStrategy is also gaining ground – up 10.7% in premarket trading – as Bitcoin made a comeback. The business analytics company holds around $ 3.7 billion worth of Bitcoin.