Take a look at some of the biggest movers in the premarket:
Home Depot (HD) – The hardware store trader’s shares fell 3.2% pre-IPO after the second quarter results. Home Depot made $ 4.53 a share, 9 cents a share above estimates. Sales also exceeded forecasts. However, comparable store sales fell short of forecast, up 4.5% compared to a consensus estimate from StreetAccount of 5%.
Walmart (WMT) – The retail giant earned $ 1.78 per share in the second quarter, 21 cents per share above estimates. Sales were also above consensus. Sales in comparable stores rose 5.2% better than expected. Walmart also raised its forecast for the year, but the stock lost 1.5% pre-IPO.
Roblox (RBLX) – The operator of the video game platform lost 25 cents per share in the last quarter, one cent more than expected. Sales also lagged behind the analysts’ forecasts. Roblox was a beneficiary of the pandemic restrictions that kept people at home, but that positive impact waned as vaccinations increased and people spent more time outside the home. Before the trading day, the shares fell by 5.6%.
Spirit Airlines (SAVE) – Spirit lost 4.4% in premarket promotions after the airline said its recent operational problems cost it about $ 50 million. Spirit canceled more than 2,800 flights between July 30th and August 9th due to issues related to weather, personnel and technical issues.
Didi Global (DIDI) – A number of large hedge funds and investors have bought shares in the Chinese ride-hailing giant, including George Soros, Tiger Global and Singapore state-owned mutual fund Temasek, according to quarterly filings from the Securities and Exchange Commission. Didi went public in June, but shares fell after China announced an investigation into the company. Didi lost 2% in the premarket.
Tencent Music Entertainment (TME) – The music streaming service’s stock slipped 3.8% in the premarket after quarterly revenue fell short of analysts’ forecasts despite a surge in ads and paying subscribers.
Organon (OGN) – The Merck (MRK) spin-off gained 1.6% in pre-trading hours as Warren Buffett’s Berkshire Hathaway (BRK.B) reported a small stake in the core therapist specialist.
T-Mobile (TMUS) – The wireless operator confirmed previous reports that it had been the victim of a data breach, but said it has not yet been able to determine the extent of the data breach and what customer data may have been stolen.
Chipotle Mexican Grill (CMG) – Cowen added the restaurant chain’s stock to its “list of beliefs” and said it was satisfied with Chipotle’s second quarter results and that the company had sales drivers that will drive sustained improvement.
Endeavor (EDR) – The entertainment company reported quarterly earnings of 19 cents per share, while analysts had expected a loss of 2 cents per share. Sales were just below estimates. Endeavor raised its full-year revenue outlook due to increasing demand for live events, among other things, and shares rose 1.8% in the premarket.
Stanley Black & Decker (SWK) – The toolmaker has struck a deal to buy the 80% of MTD Holdings it did not already own for $ 1.6 billion in cash. Stanley Black & Decker acquired a 20% stake in the privately owned manufacturer of outdoor power equipment in 2019.