Chevron, Verizon, Vir Biotechnology & extra

Check out some of the largest moving companies on the pre-market:

Hilton Worldwide (HLT) – The hotel operator reported a quarterly loss of 10 cents per share, surprising analysts who expected earnings of 4 cents per share. Sales also fell short of estimates. The loss was due to Covid-19 related disruptions causing like-for-like revenue per available room to decrease 59.2% year over year. Hilton shares are down 2.3% in premarket trading.

Garmin (GRMN) – The fitness and navigation equipment maker beat estimates by 44 cents per share with quarterly earnings of $ 1.73 per share. Revenue also exceeded analysts’ forecasts. Garmin saw strong growth in most segments, led by marine and outdoor. Your shares are 1.9% higher in the pre-market.

Vir Biotechnology (VIR) – Vir stock gained 14.4% in premarket trading after it was announced that the Covid-19 antibody partnership with GlaxoSmithKline (GSK) would expand to include research therapies for other diseases.

Shopify (SHOP) – Shopify earned $ 1.58 per share in the fourth quarter, beating the consensus estimate of $ 1.26 per share. Sales were also above forecasts. Shopify benefited from more and more merchants adopting their ecommerce tools to sell their products and services online. Shares were up 1% prior to going public.

Chevron (CVS), Verizon (VZ) – Warren Buffett’s Berkshire Hathaway bought $ 4.1 billion in Chevron and $ 8.6 billion in Verizon stock in the fourth quarter, as reported in Berkshire’s most recent 13-F Message appears. Berkshire also sold its stakes in drug companies Pfizer (PFE) and JPMorgan Chase (JPM), while its stakes in Wells Fargo (WFC) were reduced. Chevron posted 3.8% growth in the pre-market, while Verizon grew 3.6%.

Slack (WORK), (CRM) – Slack and Salesforce have been contacted by the Justice Department Antitrust for additional information regarding Salesforce’s purchase of Slack for $ 27.7 billion. The deal is expected to close by July 31st. Slack stocks fell 2.4% in premarket trading.

Tribune Publishing (TPCO) – Tribune is being privatized by hedge fund Alden Global for $ 17.25 per share in cash. Alden already had a 32% stake in the publishing house of the Chicago Tribune, New York Daily News and Baltimore Sun. Tribune stocks are up 6.5% in pre-market business.

Morningstar (MORN) – Morningstar has been sued by the Securities and Exchange Commission for alleged violations of securities laws in their ratings for commercial mortgage-backed securities. The financial information provider stated that it had complied with all regulations and that it would no longer use the method in question in 2018. Morningstar shares fell 1% in premarket trading.

Treehouse Foods (THS) – Jana Partners increased its stake in Treehouse to 7.3%, urging the packaged food company to explore options including a possible sale. In its quarterly 13-F filing, Jana also announced a new stake in medical laboratory operator LabCorp (LH).

La-Z-Boy (LZB) – La-Z-Boy shares fell 5.2% in the pre-market after the furniture maker announced that CEO Kurt Darrow was retiring on April 25, replacing CFO Melinda Whittington would be. The furniture retailer also reported a decline in quarterly earnings due to higher costs due to supply chain disruptions related to Covid-19.

Cedar Fair (FUN) – Cedar Fair posted a loss of $ 105.5 million in the fourth quarter compared to a profit of $ 2.78 billion a year earlier as the pandemic continued to affect visitor numbers at the amusement park operator’s properties. Cedar Fair fell 1.6% in the pre-market.

SolarEdge Technologies (SEDG) – The manufacturer of solar systems topped estimates by 11 cents per share and posted quarterly earnings of 98 cents per share. Income was also above estimates. Better-than-expected sales are forecast for the current quarter, partly due to a strong US residential real estate market. The SolarEdge share rose 3.2% in the pre-market.

QuantumScape (QS) – QuantumScape stock was up 6.2% in premarket trading, despite the electric vehicle battery maker making a loss in its first quarterly public company release. Investors are encouraged by QuantumScape’s advances in multilayer battery cell development.

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