GameStop, Koss Corp, Wayfair and more

Take a look at some of the major engines on the premarket:

GameStop (GME) – GameStop remains on guard following another Reddit-driven surge on Wednesday in the video game retailer’s shares, as well as other so-called “Reddit shares” such as BlackBerry (BB), AMC Entertainment (AMC) and Koss Corp . (KOSS). GameStop was up 55.8% pre-market, while AMC was up 12.9%, BlackBerry was up 4.3% and Koss soared 81.3%.

Best Buy (ABY) – Electronics retailer’s stock fell 5.3% in premarket trading after its revenue and comparable store sales fell short of Wall Street forecasts for the holiday quarter because the pandemic boosted demand for electronic products. However, Best Buy’s quarterly earnings of $ 3.48 per share beat estimates by 3 cents a share.

Moderna (MRNA) – The drugmaker’s shares rose 2.9% in premarket action, as its quarterly revenue far exceeded estimates and forecast $ 18.4 billion in Covid-19 vaccine sales this year. Moderna, however, reported a quarterly loss of 69 cents a share, more than the 35 cents a share analysts had expected.

Wayfair (W) – The furniture and home goods seller earned $ 1.24 a share in its most recent quarter, above the consensus estimate of 86 cents a share. Revenue was slightly below Wall Street’s forecast, as were the number of orders and stocks fell 9% pre-market.

Norwegian Cruise Line (NCLH): Cruise line operator shares rose 1.9% in the previous market after quarterly revenue beat estimates, despite Covid-19-related cruise closures. Its loss of $ 2.33 per share for its latest quarter was slightly higher than the consensus estimate of a loss of $ 2.17 per share.

Anheuser-Busch InBev (BUD) – Anheuser-Busch posted better-than-expected earnings and earnings for the fourth quarter. The company also forecast higher profits for 2021, however the brewer said its profit margins would be affected by higher raw material costs. Its shares fell 5.3% in premarket trading.

ViacomCBS (VIAC) – ViacomCBS was 2 cents a share above estimates, with a quarterly profit of $ 1.04 per share. Revenues were essentially in line with Wall Street forecasts. The company also said it had 30 million streaming subscribers, ahead of its planned March 4 launch of the Paramount + service that will replace the current CBS All Access service. Its shares fell 2.8% in pre-market shares.

Teladoc Health (TDOC) – Teladoc fell 6.5% in pre-market trading after it posted a loss of 27 cents a share in its latest quarter, 3 cents a share more than Wall Street expected. The video doctor visit provider’s revenue exceeded estimates.

Nvidia (NVDA) – Nvidia reported quarterly earnings of $ 3.10 per share, compared to a consensus estimate of $ 2.81 per share. The company best known for its gaming chips also saw its revenue beat estimates. Nvidia also predicted strong earnings for the current quarter, but the stock was down 2.6% on premarket stock.

Fisker (FSR): Fisker entered into an agreement with contract manufacturer Foxconn Technology to assemble cars for electric vehicle start-ups. The agreement requires the companies to jointly produce more than 250,000 vehicles a year. The shares fell 1% before trading.

Pfizer (PFE): The Covid-19 vaccine developed by Pfizer and BioNTech (BNTX) works equally well in all age groups, according to an Israeli study. It provided 94% protection against the development of coronavirus symptoms one week after the second dose of the vaccine and 92% effective in preventing serious illness.

Verizon (VZ) – Verizon was the highest bidder in a government 5G radio wave auction, spending $ 45.5 billion, while AT&T (T) bid $ 23.4 billion and T-Mobile US (TMUS) bid $ 9.3 billion .

Pure Storage (PSTG): Pure Storage earned 4 cents a share ahead of estimates, with a quarterly profit of 13 cents a share. The enterprise memory storage systems provider also saw revenue beat Wall Street forecasts. Pure Storage gave a mixed forecast, but it was the first time it provided any guidance since the pandemic began. The shares were up 2.5% in the previous market.

L Brands (LB): L Brands earned $ 3.30 a share in its latest quarter, 12 cents a share above estimates. The revenue of the parent company Victoria’s Secret fell short of forecasts. L Brands, which also owns the Bath & Body Works chain, provided strong earnings guidance for the current quarter. L Brands was up 2.7% in the previous market.


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