Take a look at some of the major engines on the premarket:
Foot Locker (FL) – Foot Locker stock plunged 12.1% in premarket trading after quarterly revenue fell short of Street’s forecast and comparable store sales unexpectedly fell. The athletic apparel and footwear retailer also posted quarterly earnings of $ 1.55 per share, beating the consensus by 20 cents a share.
DraftKings (DKNG) – Shares of the online sports gambling company rose 3.2% in the previous market after DraftKings reported better-than-expected quarterly revenue and increased its full-year revenue forecast. The company said it is seeing a substantial increase in user activation due to marketing expenses and increased legalization of sports gambling.
Cinemark (CNK) – The theater operator’s shares fell 2.6% in premarket action after they reported a larger-than-expected loss for its latest quarter. Cinemark was hit by pandemic-related theater closings, although quarterly revenues beat Wall Street forecasts.
Salesforce.com (CRM) – Salesforce earned $ 1.04 a share in its latest quarter, beating the consensus estimate of 75 cents a share. Revenue also beat forecasts, however the business software giant gave a weaker-than-expected full-year earnings forecast. Analysts also express concern about the impact of the company’s acquisition of the messaging platform Slack (WORK). Shares of Salesforce fell 4.4% in the previous market.
Rocket Companies (RKT): The parent company of Quicken Loans and other financial services offerings reported quarterly earnings of $ 1.09 per share, compared to a consensus estimate of 87 cents per share. Revenues also exceeded forecasts. Rocket completed a year of record mortgage volume and announced that it would pay a special dividend of $ 1.11 per share. Rocket stocks were up 9.1% in premarket trading.
AT&T (T) – AT&T will spin off its DirecTV and other pay TV services into a separate company, with private equity firm TPG Capital owning 30% of the new entity. The deal will provide AT&T with $ 8 billion in cash, which it will use to pay off the debt. The deal values pay TV services at a total of $ 16.25 billion, compared to the $ 66 billion that AT&T paid for DirecTV alone in 2015.
Beyond Meat (BYND) – Beyond Meat entered into a three-year agreement to be the preferred supplier of McDonald’s plant-based burger (MCD) “McPlant”, and also entered into an exclusive supply agreement with Taco’s parent company Bell, Yum Brands (YUM). Investor enthusiasm for the deals helped erase losses that stocks had experienced earlier after Beyond Meat reported a larger-than-expected quarterly loss. Shares of Beyond Meat were up 6.2% in premarket trading.
Airbnb (ABNB) – Airbnb reported losses in its first quarter as a public company, but the company saw better-than-expected revenue as the pandemic led consumers to embrace local travel.
Etsy (ETSY) – Etsy earned $ 1.08 a share in its latest quarter, well above the consensus estimate of 59 cents a share. The online craft market also posted revenue that beat Wall Street forecasts. Etsy also issued an optimistic forecast for the current quarter, and its shares were up 6% in pre-market share.
DoorDash (DASH) – DoorDash reported better-than-expected sales during the fourth quarter, tripling from a year earlier when the pandemic triggered an increase in restaurant delivery orders. DoorDash predicts a slowdown in orders, however, as Covid-19 vaccines are rolled out. Its shares tumbled 11.4% in premarket trading.
Nikola (NKLA) – Nikola’s shares fell 2.1% in the previous market after the electric vehicle maker said in a Securities and Exchange Commission filing that founder Trevor Milton had made several inaccurate statements about his technology. Nikola had previously denied having issued misleading communications to the public.
WW International (WW) – WW earned 18 cents a share in its most recent quarter, down from the 32 cents a share estimated by consensus. Weight Watchers parents’ income exceeded estimates. WW is experiencing strong growth in digital subscriptions, but a decline when its virtual workshops are included. The shares sank 9.7% in the premarket.
Workday (WDAY) – Workday reported quarterly earnings of 73 cents per share, topping the consensus estimate of 55 cents per share. Revenue for the human resources software company slightly exceeded forecasts. Workday issued a weaker-than-expected forecast for subscription sales this fiscal year, causing its shares to drop 7.2% in premarket trading.
Groupon (GRPN) – The daily deals company nearly doubled the consensus estimate of 26 cents a share with quarterly earnings of 51 cents a share. Revenues also beat Wall Street forecasts. Its shares were up 13.1% in the premarket.