Check out some of the largest moving companies on the pre-market:
General Motors (GM) – The automaker earned $ 2.25 per share in the first quarter, compared to a consensus estimate of $ 1.04 per share, even though revenue was slightly below forecast. GM said its results were supported by strong auto prices as well as solid credit performance at GM Financial. GM shares rose 3.5% in premarket trading.
Lyft (LYFT) – Lyft lost 35 cents a share in the first quarter, but the hailship company’s loss was less than what analysts had expected was 53 cents a share. Revenue exceeded forecasts as did the number of active drivers in the quarter. Its shares rose 5.7% in premarket trading.
Match Group (MTCH) – Match Group rose 6.2% in the pre-market after beating estimates by 17 cents per share, with earnings of 57 cents per share in the first quarter. The operator of Tinder and other dating services also reported revenue in excess of analysts’ projections, and Match Group made strong forecasts in the current quarter as it expects dating demand to spike as the pandemic recedes.
Hilton Worldwide (HLT) – The hotel operator reported net earnings of 2 cents per share for the first quarter, missing the consensus estimate of 8 cents per share. Sales were also below the analysts’ forecasts. Hilton continued to suffer from pandemic-related travel restrictions, despite 97% of its hotels opening by the end of April. Their shares fell 2.7% in premarket trading.
Scotts Miracle-Gro (SMG) – The lawn and garden products maker saw its pre-market share increase 3.5% after beating upper and lower estimates for the last quarter. Scotts continues to benefit from a surge in consumer demand as homeowners continued to focus on home projects amid the pandemic.
Tupperware (TUP) – The memory product manufacturer gained 7.2% after a top and bottom line beat in the premarket area. Tupperware earned 82 cents per share in the last quarter, well above the consensus estimate of 54 cents per share. Sales were also above estimates.
ODP (ODP) – Shares rose 4.7% in the pre-market after Office Depot’s parent company announced it was splitting into two separate publicly traded companies. The Office Depot and OfficeMax locations will be operated by ODP, while the not-yet-mentioned new company will contain the business-to-business activities of ODP. Current shareholders will own 100% of the new company.
Activision Blizzard (ATVI) – Activision beat estimates by 14 cents per share and posted quarterly earnings of 84 cents per share. The video game maker’s sales also exceeded Wall Street projections, and the company raised its guidance for the full year as demand for games like Call of Duty and Candy Crush remains high. Their shares gained 4.5% in the pre-market.
T-Mobile US (TMUS) – T-Mobile increased its premarket trade by 3.3% after it was 17 cents above the consensus in the last quarter and earned 74 cents per share. Revenue also beat estimates, with the wireless operator adding an above-expected number of paying subscribers during the quarter.
Caesars Entertainment (CZR) – Caesars shares rose 6.7% before entering the market. The casino operator reported a lower-than-expected loss for the first quarter while revenue was above estimates. According to Caesars, results continue to improve significantly as the pace of Covid-19 vaccinations accelerates.
Zillow (ZG) – Zillow reported quarterly earnings of 44 cents per share, compared to a consensus estimate of 25 cents per share. The real estate website operator’s revenue was also above estimates, and traffic to its websites and apps increased 19% year over year. The Zillow share gained 2.6% in the pre-market.
Herbalife Nutrition (HLF) – Herbalife reported better-than-expected sales and earnings for the first quarter and raised its guidance for the full year. The manufacturer of health and wellness products saw particularly strong growth in its sports nutrition category. The share gained 4.7% in the pre-market.