Take a look at some of the major engines on the pre-market:
Zoom Video (ZM) – Zoom reported quarterly earnings of $ 1.22 per share, beating the consensus estimate of 79 cents per share. Revenue also beat forecasts, and Zoom gave an optimistic forecast for the current quarter in anticipation of millions of people continuing to use its video messaging platform. Its shares were up 7.4% pre-market.
Novavax (NVAX) – Novavax lost $ 2.70 per share in its latest quarter, more than the loss of $ 1.49 per share that analysts anticipated. The drugmaker’s revenue was also below Wall Street estimates. Novavax said its Covid-19 vaccine could be approved for use in the US in May, depending on whether regulators are willing to license it based on the results of a British trial. Novavax shares fell 5.1% in the previous market.
Target (TGT): The retailer reported quarterly earnings of $ 2.67 per share, 13 cents a share above estimates. Revenue also beat analyst projections. Comparable store sales increased 20.5%, better than the 16.8% forecast by analysts surveyed by FactSet. Target also more than doubled digital sales. Its shares were up 1% in premarket trading.
Kohl’s (KSS): Kohl’s reported quarterly earnings of $ 2.22 per share, including $ 1.15 per share in incremental tax benefits. That compares with a consensus estimate of $ 1.01 per share. Revenues beat forecasts and Kohl’s announced that it would reinstate its dividend and share buyback program this year. It also forecast sales growth for 2021. The retailer’s shares were up 1.6% in premarket stock.
Nio (NIO) – Nio fell 5.2% in premarket trading after posting a larger-than-expected loss for its latest quarter. The China-based electric vehicle maker also issued a sales forecast for the current quarter that shows slower-than-expected growth.
Kontoor Brands (KTB): The company behind the Lee and Wrangler apparel brands earned $ 1.23 a share in its latest quarter, compared to a consensus estimate of 97 cents a share. Revenue also beat estimates, driven by the strength of digital sales. Kontoor Brands also gave a better-than-expected full-year earnings forecast. Its shares were up 3.1% in the premarket.
AutoZone (AZO) – The auto parts retailer reported quarterly earnings of $ 14.93 per share, beating the consensus estimate of $ 12.84 per share. Revenues were also above estimates. Comparable store sales increased 15.2% compared to a FactSet consensus estimate of up to 8.6%.
Beyond the Meat (BYND): The plant-based food maker’s shares rose 1.2% in the previous market after Citi raised the shares to “buy” from “neutral.” Citi believes that the sales and cost issues that affected the most recent quarter are temporary. The shares had initially tumbled Monday after Beyond Meat said it planned to raise $ 750 million in a convertible note offering.
Nike (NKE) – Nike’s North American Commercial Director Ann Hebert has left the sportswear and apparel maker, and Nike announced that it will announce a replacement shortly. Hebert’s departure follows a report that his son used a credit card in his name to buy sneakers for his resale company.
MercadoLibre (MELI) – MercadoLibre fell 2.4% pre-market, despite reporting record quarterly revenue and beating analyst forecasts. The Argentine e-commerce giant benefited from the increase in online shopping and digital payments in the Latin American market.
Roku (ROKU): Roku is buying Nielsen’s Digital Advertising Business (NLSN) for an undisclosed amount, allowing it to serve more targeted ads on its streaming platform. Roku gained 1.3% pre-market, while Nielsen was up 6.8%.
Lemonade (LMND) – Lemonade lost 60 cents a share in its last quarter, 5 cents a share less than anticipated. Revenue from the online insurance company beat estimates, however Lemonade issued a weaker than expected outlook for the current quarter. Its shares fell 6% in the premarket.
Square (SQ): Square gained 4.4% in pre-market trading after announcing that it began operating for its in-house bank, Square Financial Services. The digital payments company’s bank will offer business loans to Square sellers.
Score Media and Gaming (SCR): Score Media was up 7.1% pre-market after it said subscribers to its recent initial public offering fully exercised their over-allotment option. That brings the total money raised by the sports betting company’s IPO to $ 186.3 million.