Lyft, Las Vegas Sands, Wendy’s and more

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

Lyft (LYFT) – The private transportation company said last week it recorded the highest level of travel volume since it took hold of the pandemic last March. As a result, Lyft expects to report a lower quarterly loss than it had previously projected. Lyft shares were up 5.6% in premarket trading.

Las Vegas Sands (LVS) – The casino operator’s stock rose 3% in the previous market after it announced a deal to sell its Las Vegas properties to private equity firms Apollo Global (APO) and VICI Properties for 6,250 millions of dollars. Sale includes The Venetian Resort Las Vegas and the Sands Expo and Convention Center. Apollo Global shares gained 2.1%.

Wendy’s (WEN) – The restaurant chain lost estimates by a penny a share, with quarterly earnings of 17 cents a share. Revenues were also below expectations. Global comparable sales increased 4.7%, below FactSet’s consensus estimate of 5.7% primarily due to international weakness. Its shares fell 3.3% in the premarket.

Dollar Tree (DLTR): The discount retailer earned $ 2.13 a share during the fourth quarter, beating estimates by 2 cents a share. Revenues were essentially in line with expectations. Comparable store sales increased 4.9%, below the 5.5% estimate of analysts surveyed by FactSet. The company’s shares fell 2% in the premarket.

Hewlett Packard Enterprise (HPE): HPE beat estimates by 11 cents a share, with quarterly earnings of 52 cents a share. The business computer hardware maker’s revenue also beat expectations. The company issued strong guidance for both the current quarter and the full year as it continues to benefit from the pandemic-inspired digital transformation.

Box (BOX) – Box reported quarterly earnings of 22 cents a share, 5 cents a share above estimates. Revenues also beat projections. The online data warehousing company also issued a better-than-expected full-year outlook and expects revenue for the current quarter to exceed $ 200 million for the first time.

Nordstrom (JWN) – Nordstrom earned 21 cents a share in its most recent quarter, 7 cents a share above estimates. The retailer also posted better than expected revenue. Nordstrom was helped by a boost in digital sales, as well as growth in its discount price operation, but the retailer warned it would have to eliminate excess vacation inventory through that discount channel. The shares fell 2.6% in pre-market share.

FuboTV (FUBO) – FuboTV reported quarterly revenue in excess of $ 100 million for the first time, and the live sports streaming company reported $ 105.1 million in better-than-expected sales. The number of subscribers increased 73% from the previous year to a total of 548,000. However, its shares fell 4% in the previous market, after a jump of almost 50% so far this year.

Rocket Companies (RKT) – Rocket shares have been volatile in pre-market trading after more than doubling in the last three sessions. The parent company of Quicken Loans and Rocket Mortgage has drawn increasing attention on online forums, and investors have noted the high level of short interest. Rocket shares fell 5.5% in pre-market share.

Urban Outfitters (URBN): Urban Outfitters beat estimates by 2 cents a share, with quarterly earnings of 30 cents a share. However, the apparel retailer’s revenue fell slightly below Wall Street forecasts and gross profit margins fell more than 3 percentage points from a year earlier. Its shares fell 1.6% in the premarket.

Ross Stores (ROST) – Ross Stores plunged 3.1% on the prior market after posting quarterly earnings of 67 cents a share, below the consensus estimate of $ 1.00 a share. The discount retailer’s revenue also fell below estimates, impacted by pandemic-related store closings in California.


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