Take a look at some of the major engines on the premarket:
Dollar General (DG) – Dollar General stock fell 6.1% on pre-market share after the discount retailer failed to meet estimates at 10 cents a share, with quarterly earnings of $ 2.62. per share. The company beat revenue estimates as comparable store sales increased more than expected.
Signet Jewelers (SIG) – The jewelry retailer’s shares rose 5.7% in premarket trading following an upbeat quarterly report. Signet earned $ 4.15 per share, compared to a consensus estimate of $ 3.54 per share. Revenue also beat estimates amid strong comparable store sales.
Petco (WOOF) – In its first report since going public in January, the pet supplies retailer reported quarterly earnings of 17 cents a share, 6 cents a share above estimates. Revenue also beat Wall Street forecasts, with comparable store sales increasing 17%. The shares were up 3.2% in the previous market.
Accenture (ACN) – The consultancy reported quarterly earnings of $ 2.23 per share, beating the consensus estimate of $ 1.90 per share. Revenues also beat expectations. Accenture also raised its earnings forecast, as more companies use its services to move to cloud-based operations. Accenture added 2.2% in premarket operations.
Apple (AAPL) – Apple plans to launch a new line of iPads next month, according to a Bloomberg report. IPad sales have increased over the past year as more people worked and attended school remotely due to the pandemic. Apple fell 1% in premarket stocks.
Five Below (FIVE) – The discount retailer beat estimates by 9 cents a share, earning a quarterly profit of $ 2.20 per share. Revenue was also above Wall Street forecasts, driven by a 14% increase in comparable store sales. The shares were up 5.7% in premarket trading.
Coherent (COHR) – The bidding battle for laser product maker continues, with a new offering from optical component maker II-VI (IIVI) worth approximately $ 7 billion in cash and stock. Coherent originally agreed to be acquired by telecommunications equipment maker Lumentum (LITE) in January, but later became the target of a three-way competition between II-VI, Lumentum, and MKS Instruments (MKSI) that has now resulted in a total of 9 offers. . Coherent added 3.4% to the premarket, 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 home goods retailer’s revenue also beat estimates, thanks to people spending more time at home amid the pandemic. The company also announced an 11% dividend increase and authorized a $ 1 billion share buyback program. Williams-Sonoma was up 11.1% in premarket stocks.
PagerDuty (PD) – PagerDuty lost 7 cents a share in its latest quarter, less than the 11 cents a share that Wall Street analysts anticipated. The operating software company’s revenue beat forecasts, but it expects a broader annual loss than analysts had predicted. The shares fell 4.4% in the premarket.
Nikola (NKLA) – Nikola said South Korean shareholder Hanwha plans to sell up to half of its stake in the electric truck maker this year, reducing its stake from 5.65%. Nikola added that the optoelectronic component manufacturer remains an “important strategic partner.” Its shares lost 3.6% in pre-market shares.
Lordstown Motors (RIDE) – Shares fell 4.2% in premarket trading after Lordstown said it had received a request from the Securities and Exchange Commission for information about the allegations made in a seller’s report on short Hindenburg Research. The report accused the electric vehicle maker of misleading consumers and investors, but Lordstown has said the report was full of “lies and half-truths.”
Sundial Growers (SNDL) – Shares of the Canada-based cannabis producer rose 8.4% in pre-market trading after it posted better-than-expected revenue for its latest quarter. The company also said that it successfully restructured the company during 2020, positioning it for future success. The stock was up 7.8% on the previous market.
National Grid (NGG): National Grid is buying the UK distribution network unit of Pennsylvania-based PPL Corp. (PPL) for $ 10.9 billion. At the same time, the multinational power company is selling Rhode Island-based Narragansett Electric Company to PPL for $ 3.8 billion. PPL added 1.7% in premarket operations.
Peloton (PTON) – Peloton CEO John Foley told Bloomberg that the fitness equipment maker has expanded production capacity by 700% over the past year and that its bike supply is close to meeting demand. . The peloton fell 1.7% in the premarket