Check out the companies that make the headlines before the doorbell rings:
Palantir Technologies (PLTR) – The software platform company was in line with Wall Street forecasts with adjusted quarterly earnings of 4 cents per share and revenue that exceeded analyst forecasts. Revenue was up 49% year-over-year, and the stock was up 5.7% before the IPO.
CyberArk Software (CYBR) – The cybersecurity company made an adjusted 1 cent per share last quarter, compared to a consensus estimate of 2 cents, while revenue was above estimates, with subscription revenue more than doubling year over year. The CyberArk share lost 4.9% in pre-market trading.
Utz Brands (UTZ) – The snack maker’s stock fell 4.5% pre-IPO after falling 2 cents off estimates with adjusted quarterly earnings of 13 cents per share, despite sales beating Wall Street forecasts. Utz expects continued strong demand for its products, but also anticipates increased costs for the rest of the year.
eBay (EBAY) – eBay beat estimates by 4 cents with adjusted quarterly earnings of 99 cents per share. However, it reported a decline in active buyers and is forecasting lower-than-expected sales for the current quarter as general e-commerce trends weaken. eBay lost 1.5% in premarket promotions.
Bumble (BMBL) – Bumble lost 6 cents per share in the most recent quarter, compared to consensus estimates for earnings of 1 cent per share. However, the dating service operator’s sales exceeded forecasts as the number of paying users increased 20% year over year, and it issued optimistic sales forecasts for the current quarter. Bumble gained 1.7% in the premarket.
Sonos (SONO) – Sonos gained 11.6% in pre-market trading after reporting a surprising profit of 12 cents per share, with analysts expecting a quarterly loss of 17 cents per share. The home audio equipment maker also issued strong sales forecasts for the current quarter and full year.
Opendoor (OPEN) – Opendoor surged 19.5% in pre-IPO sales after reporting it lost 24 cents per share in the most recent quarter, 10 cents less than analysts forecast. The home buying and selling company also reported better-than-expected sales and released a positive sales forecast for the current quarter.
Lordstown Motors (RIDE) – Lordstown Motors is seeing its shares rally in the premarket after it was said it was on track to begin limited production of its endurance electric pickup truck by the end of September. Lordstown gained 1.6% in the premarket.
DoorDash (DASH) – DoorDash has had discussions to purchase the grocery delivery service Instacart for the past two months, according to people familiar with The Information who spoke to The Information. The news website said talks had broken down in recent weeks due to concerns that such an agreement would be difficult to get regulatory approval. DoorDash gained 2.3% in pre-market trading.
Hims & Hers Health (HIMS) – Hims & Hers lost 3 cents a share in the second quarter, less than Wall Street’s expected loss of 9 cents. The operator of the telemedicine platform also reported better than expected sales. The share rose 11% before the IPO.
Rackspace Technology (RXT) – Rackspace beat estimates 2 cents with adjusted quarterly earnings of 24 cents per share, and the cloud computing company’s revenue also beat forecasts. However, Rackspace also issued a weaker-than-expected guidance for the current quarter, with the company saying it is in a “transition phase” as older businesses are phased out. Shares fell 9.3% ahead of the launch.