Check out some of the largest moving companies on the pre-market:
Lyft (LYFT) – The hail-fighting company announced that last week had seen the highest volume of traffic since the pandemic broke out last March. As a result, Lyft expects a smaller quarterly loss than previously forecast. Lyft shares rose 5.6% in premarket trading.
Las Vegas Sands (LVS) – The casino operator’s shares rose 3% pre-market after hitting a deal to sell its Las Vegas properties to private equity firms Apollo Global (APO) and VICI Properties for 6.25 Billion USD had announced. The sale includes the Venetian Resort Las Vegas and the Sands Expo and Convention Center. Apollo Global shares were up 2.1%.
Wendy’s (WEN) – The restaurant chain missed estimates by one cent per share with quarterly earnings of 17 cents per share. Sales also fell short of forecasts. The worldwide comparable turnover rose by 4.7% and was thus below the FactSet consensus estimate of 5.7%, which is mainly due to the international weakness. Their shares fell 3.3% in the pre-market.
Dollar Tree (DLTR) – The discounter earned $ 2.13 per share in the fourth quarter, beating estimates by 2 cents per share. Sales largely met expectations. Sales in comparable branches rose by 4.9% and were thus below the estimate of 5.5% of the analysts surveyed by FactSet. The company’s shares fell 2% in the pre-market.
Hewlett Packard Enterprise (HPE) – HPE beat estimates by 11 cents per share and posted quarterly earnings of 52 cents per share. The sales of the manufacturer of enterprise computer hardware were also above forecasts. The company issued strong forecasts for both the current quarter and full year as it continues to benefit from the pandemic-inspired digital transformation.
Box (BOX) – Box reported quarterly earnings of 22 cents per share, 5 cents per share above estimates. Income also exceeded forecasts. The online data storage company has also released a better-than-expected full-year outlook and expects to see revenue of over $ 200 million for the first time in the current quarter.
Nordstrom (JWN) – Nordstrom made 21 cents per share last quarter, 7 cents per share above estimates. The retailer also reported sales that were better than expected. Nordstrom was helped by a surge in digital sales as well as growth in its off-price business, but the retailer warned that it would need to eliminate excess vacation inventory through this off-price channel. Shares fell 2.6% ahead of the IPO.
FuboTV (FUBO) – FuboTV achieved quarterly sales of over 100 million US dollars for the first time. The live sports streaming company had revenue of $ 105.1 million, which was better than expected. The number of participants rose by 73% over the previous year to a total of 548,000. However, stocks fell 4% in the pre-market after rising nearly 50% since the start of the year.
Rocket Companies (RKT) – Rocket stocks have been volatile in premarket trading, having more than doubled in the past three sessions. The parent company of Quicken Loans and Rocket Mortgage has received increasing attention in online forums, with investors noticing the high level of short interest. Rocket stocks fell 5.5% before entering the market.
Urban Outfitters (URBN) – Urban Outfitters beat estimates by 2 cents per share on quarterly earnings of 30 cents per share. However, the clothing retailer’s sales fell slightly below Wall Street’s projections, and gross profit margins were down more than 3 percentage points year over year. Their shares fell 1.6% in the pre-market.
Ross Stores (ROST) – Ross Stores declined 3.1% in the pre-market after posting quarterly earnings of 67 cents per share below the consensus estimate of $ 1.00 per share. The discount store’s revenues were also below estimates, hurt by the closings of stores related to pandemics in California.