Check out some of the largest moving companies on the pre-market:
Dollar General (DG) – Dollar General shares fell 6.1% ahead of the IPO after the discounter missed estimates by 10 cents per share and posted earnings of $ 2.62 per share for the quarter. The company outperformed sales estimates as sales in like-for-like stores grew faster than expected.
Signet Jewelers (SIG) – The shares of the jewelery business rose 5.7% after an optimistic quarterly report in the premarket trade. Signet earned $ 4.15 per share compared to a consensus estimate of $ 3.54 per share. Sales were also above estimates as sales in comparable stores were strong.
Petco (WOOF) – In its first report since going public in January, the pet supplies retailer reported quarterly earnings of 17 cents per share, 6 cents per share above estimates. Sales were also above Wall Street forecasts. Sales in comparable stores rose by 17%. The shares gained 3.2% in the pre-market.
Accenture (ACN) – The consulting firm reported quarterly earnings of $ 2.23 per share, beating the consensus estimate of $ 1.90 per share. Income also exceeded forecasts. Accenture also raised its earnings guidance as more companies use their services to move to cloud-based operations. Accenture gained 2.2% in premarket trading.
Apple (AAPL) – Apple plans to launch a new line of iPads as early as next month, according to a Bloomberg report. IPad sales increased last year as more people worked remotely and attended school due to the pandemic. Apple fell 1% before entering the market.
Five Below (FIVE) – The discounter beat estimates by 9 cents per share with quarterly earnings of $ 2.20 per share. Revenue was also above Wall Street forecasts, boosted by a 14% increase in revenue in like-for-like stores. The shares gained 5.7% in premarket trading.
Coherent (COHR) – The competition for the manufacturer of laser products continues. The new offer from the manufacturer of optical components II-VI (IIVI) valued at around 7 billion US dollars in cash and in shares. Coherent had originally agreed to be taken over by telecommunications equipment supplier Lumentum (LITE) in January, but then became the target of a three-way competition between II-VI, Lumentum and MKS Instruments (MKSI), which now resulted in a total of 9 offers. Coherent gained 3.4% in the pre-market, while II-VI fell 1.6%.
Williams-Sonoma (WSM) – Williams-Sonoma reported quarterly earnings of $ 3.95 per share compared to a consensus estimate of $ 3.39 per share. The homeware retailer’s revenues also exceeded estimates, aided by people spending more time at home amid the pandemic. The company also announced an 11% increase in dividend and approved a $ 1 billion share buyback program. Williams-Sonoma grew 11.1% before entering the market.
PagerDuty (PD) – PagerDuty lost 7 cents a share in the most recent quarter, less than the 11 cents a share Wall Street analysts expected. The company’s operating software revenue exceeded forecasts, but expects a larger loss for the full year than analysts forecast. In the pre-market, the shares fell by 4.4%.
Nikola (NKLA) – Nikola said South Korean stakeholder Hanwha plans to sell up to half of its stake in the electric vehicle maker this year, reducing its stake from 5.65%. Nikola added that the optoelectronic component manufacturer continues to be an “important strategic partner”. Its shares lost 3.6% in the pre-market business.
Lordstown Motors (RIDE) – Shares fell 4.2% in premarket trading after Lordstown received a request from the Securities and Exchange Commission for information on allegations contained in a report by short seller Hindenburg Research. The report accused the electric vehicle maker of misleading consumers and investors, but Lordstown said the report was full of “lies and half-truths”.
Sundial Growers (SNDL) – Shares in the Canada-based cannabis producer rose 8.4% in premarket trading after sales were better than expected in the last quarter. The company also said it successfully restructured the company in 2020 and positioned it for future success. The share gained 7.8% in the pre-market.
National Grid (NGG) – National Grid purchases the UK distribution grid unit from Pennsylvania-based PPL Corp. (PPL) for $ 10.9 billion. At the same time, the multinational energy company is selling Rhode Island-based Narragansett Electric Company to PPL for $ 3.8 billion. PPL gained 1.7% in premarket trading.
Peloton (PTON) – John Foley, CEO of Peloton, told Bloomberg News that the fitness equipment maker expanded its manufacturing capacity by 700% over the past year and that its range of exercise bikes is now close to demand. Peloton fell 1.7% in the pre-market