Stitch Fix, Dick’s Sporting Goods, Peloton and more


Take a look at some of the major engines on the pre-market:

Stitch Fix (SFIX) – Stitch Fix lost 20 cents a share in its latest quarter, 2 cents a share less than analysts had anticipated. The online clothing stylist’s revenue fell short of Wall Street forecasts, and Stitch Fix cut the guidance for the fiscal year that begins in July due to longer cycle times. Stitch Fix does not recognize revenue until a customer completes a “fix” by returning unwanted items and paying for stored items. Shares of Stitch Fix fell 24% before trading.

Dick’s Sporting Goods (DKS): The sporting goods retailer reported quarterly earnings of $ 2.43 a share, 15 cents a share above estimates. Revenues also beat Wall Street forecasts. Comparable store sales increased 19.3%, compared to a FactSet consensus estimate of 17.1%. Dick’s also forecast full-year earnings of $ 4.40 to $ 5.20 per share, compared to a Refinitiv consensus estimate of $ 5.15 per share. Additionally, Dick’s announced a 16% quarterly dividend increase. The stock fell 7.2% before trading.

Thor Industries (THO) – The RV maker reported quarterly earnings of $ 2.38 per share, well above the consensus estimate of $ 1.55 per share. Revenues also beat expectations. Thor warned that supply chain problems could have a negative impact in the short term, but the company is cautiously optimistic that those problems will subside in the second half of the year.

Children’s Place (PLCE) – The children’s clothing retailer reported a quarterly profit of $ 1.01 per share, compared to a consensus estimate of 23 cents per share loss. Revenue also beat forecasts, with a comparable store sales increase of 1% compared to a FactSet consensus estimate of a 10.7% drop.

Baidu (BIDU) – Shares of the China-based search engine giant rose 6.4% before trading on news that it obtained approval from the Hong Kong Stock Exchange to list its shares.

Discovery Communications (DISCA): Discovery’s shares rose 3.9% in the previous market, which could extend a seven-day winning streak in which the media company’s shares rose 31% in that span. It is one of the stocks with strong short positions that have seen strong gains recently.

Peloton (PTON): Peloton is expanding into the Asia Pacific region for the first time, announcing plans to sell its fitness bike and interactive membership app in Australia starting in the second half of the year. Peloton’s stake gained 4.7% in the premarket stock.

Li Auto (LI), Nio (NIO), Xpeng (XPEV) – China-based electric vehicle makers plan to list in Hong Kong this year, according to people with direct knowledge of the matter who spoke to Reuters. . All three are already listed on the US exchanges, and the Hong Kong listings will potentially raise a total of $ 5 billion. Li Auto was up 4.3% in the previous market, Nio was up 4.3% and Xpeng was up 5.9%.

Zoom (ZM) – Zoom CEO and founder Eric Yuan transferred approximately 40% of his stake in the video communications platform company, according to a Securities and Exchange Commission document. The transfers, worth about $ 6 billion, were made to unspecified recipients of two trusts as gifts, with Zoom only saying that the transactions represented part of the estate planning process for Yuan and his wife. Zoom was up 3.6% in premarket operations.

MoneyGram International (MGI) – Blockchain company Ripple and MoneyGram have terminated their partnership for unspecified reasons. Ripple had bought a $ 30 million stake in the payment services company in 2019, and the partnership would last for two years. Ripple CEO Brad Garlinghouse said the companies were committed to reviewing the partnership in the future. MoneyGram fell 9.1% in the previous market.

Tesla (TSLA) – Tesla was up 5% in the previous market after falling for five straight sessions and losing 21% in that span. It’s the third notable selloff of Tesla shares in the past year, and the stock has seen more than 20% declines from recent highs in both March and September 2020.

FirstEnergy (FE) – Activist investor Carl Icahn is in talks with the utility about the possibility of serving two seats on the board, according to people familiar with the matter who spoke to Bloomberg. Icahn is said to have built a “considerable” stake in FirstEnergy and wants to help the company put a federal corruption scandal and other problems behind it.

Del Taco (TACO) – Del Taco reported quarterly earnings of 20 cents a share, beating consensus by 6 cents a share. The restaurant chain’s revenue slightly exceeded Wall Street forecasts. Comparable restaurant sales increased 3.8% during the quarter. Del Taco shares added 3.2% in premarket shares.

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