Take a look at some of the biggest movers in the premarket:
Casper Sleep (CSPR) – The sleep products company reported record quarterly sales that were above Street forecasts, although it was still reporting a quarterly loss. Casper Sleep said it had seen strong growth in both retail and direct sales, but found it also faced higher input costs and supply chain difficulties. The shares initially recovered before the IPO, but then fell 6.1%.
AMC Entertainment (AMC) – AMC reported a quarterly loss of 71 cents per share, 20 cents per share less than Wall Street expected. The turnover exceeded the forecasts of the analysts. AMC has been helped by lifting Covid restrictions and returning moviegoers to theaters, as well as releasing several hit films. Its stocks rose 7.8% before it was placed on the market.
3D Systems (DDD) – 3D Systems earned 12 cents per share last quarter, beating the consensus estimate of 5 cents per share. The sales of the 3D printing technology company also exceeded estimates. 3D said it successfully weathered the toughest 12 months it had ever seen amid the pandemic. The 3D share rose 14.1% in the run-up to the market launch.
Kansas City Southern (KSU) – The Canadian Pacific Railway (CP) increased its cash and stock offering for Kansas City Southern to approximately $ 300 per share. Canadian Pacific had reached an agreement to buy its rival rail operator for $ 275 per share, but Kansas City Southern subsequently agreed to a higher bid from the Canadian National Railway (CNI). Kansas City Southern gained 7.2% in the premarket, Canadian Pacific lost 1.7% and Canadian National gained 1.9%.
Aramark (ARMK) – The food service company reported quarterly earnings of 3 cents per share, beating a penny on a stock consensus estimate. Sales were slightly below forecasts. Aramark benefited from the recovery in sales volume as well as from effective cost management. Aramark shares gained 1.3% before the IPO.
Planet Fitness (PLNT) – Planet Fitness missed estimates by 2 cents per share, with quarterly earnings of 21 cents per share. Sales beat estimates as the gyms reopened and membership of the fitness center increased. The share lost 3.2% in the pre-trading period.
The RealReal (REAL) – The RealReal lost 50 cents per share in the last quarter, 3 cents per share more than analysts expected. Revenue from the operator of an online marketplace for used luxury goods also fell short of estimates. The company reported that gross merchandise volume increased 91% year over year and increased 84.5% due to repeat buyers. In pre-market trading, the share lost 6%.
Chegg (CHGG) – Chegg beat estimates by 6 cents per share, with quarterly earnings of 43 cents per share. The sales of the online education company also exceeded forecasts. Chegg raised its full year outlook, saying its international growth continues to be strong. Its shares gained 2.9% in the premarket.
InterContinental Hotels (IHG) – InterContinental Hotels posted operating income for the first six months of the year, recovering from a loss a year earlier as summer vacation bookings skyrocketed. However, the operator of Holiday Inn and other hotel chains waived its dividend for cost reasons and lost its share in pre-market trading by 1.6%.
II-VI (IIVI) – The optoelectronic components maker beat estimates for sales and earnings last quarter, earning 88 cents per share compared to a consensus estimate of 76 cents per share. At the end of the quarter, it also had the highest order book ever.