Take a look at some of the biggest moving agents in the premarket:
Walt Disney (DIS) – Disney reported a quarterly profit of 32 cents per share, surprising analysts who expected a loss of 41 cents per share. Disney has seen an unexpected drop in theme park attendance and box office results thanks to Covid, but the success of its Disney + streaming service continues. Disney + now has 94.9 million subscribers after adding over 21 million during the quarter. Disney shares rose 1.4% in premarket trading at 7:30 AM ET.
Newell Brands (NWL) – The company behind consumer brands such as Rubbermaid, Sharpie and Sunbeam reported a quarterly profit of 56 cents per share, exceeding estimates by 8 cents per share. Revenues also exceeded estimates. Newell forecasts year-round earnings of $ 1.55 to $ 1.65 per share, compared to a consensus estimate of $ 1.68 per share, amid ease in its writing activity, which reduces performance strongly in areas such as home appliances. and vessels. The stock fell 2.5% in pre-market shares.
Coherent (COHR) – Electronic Component Manufacturer II-VI (IIVI) is planning a $ 6.5 billion bid for the laser manufacturer, according to people familiar with the matter who spoke to The Wall Street Journal. The offer is worth $ 260 per share in cash and shares, exceeding the $ 226 per share agreement Coherent already has with Lumentum Holdings (LITE), as well as a $ 240 offer per share from MKS Instruments (MKSI). Consistency increased by 16.4% in premarket trading, while II-VI decreased by 4.3%.
Moody’s (MCO) – Higher spending caused the rating agency to miss estimates at 6 cents per share, with quarterly earnings of $ 1.91 per share. Revenue exceeded Wall Street forecasts, however, the full-year forecast range for 2021 is well above analysts’ forecasts. Moody’s also raised its quarterly dividend to 62 cents a share from 56 cents a share.
Expedia (EXPE) – Expedia fell 1.6% in the premarket after reporting $ 2.64 per share in the last quarter, higher than analysts’ $ 1.97 per share loss. The revenue of the online travel services company fell below expectations, amid a 67% drop in bookings due to the recurrence of Covid-19 cases and blockages.
Affirm Holdings (AFRM) – Affirm fell 7.6% premarket after reporting a loss of 45 cents a share in its first results since it went public on January 13th. This was lower than the loss of 81 cents per share anticipated by Wall Street and the provider of purchased loans, paid later, also recorded higher revenue forecasts. However, the sales volume estimate is lower than expected for the current quarter, as the pandemic growth in online shopping is slowing.
SurveyMonkey (SVMK) – SurveyMonkey fell 10.8% in the premarket, after the online survey company provided weaker guidance than expected for the current quarter. SurveyMonkey reported a profit of 3 cents per share for the most recent quarter, compared to expectations for an equal quarter.
Marathon Oil (MRO) – Marathon laid off about 100 American workers, or about 5% of the workforce, according to a company official who spoke to Reuters. Marathon said its move is part of its ongoing effort to optimize its cost structure.
AstraZeneca (AZN) – AstraZeneca said it expects to double its monthly production of Covid-19 vaccine by April, after remedying its production problems. This would bring the monthly production to 200 million doses.
Bausch Health (BHC) – Bausch Health jumped 6.3% from the premarket after news that billionaire investor Carl Icahn took a 7.8% stake, according to a Commission document on securities. Icahn intends to provide information on the pharmaceutical company’s strategies and possibly request board representation.
Datadog (DDOG) – Datadog reported better-than-expected quarterly revenue and revenue, but cloud monitoring service provider sees its shares fall 4.7% premarket after issuing a weaker-than-expected outlook.
VeriSign (VRSN) – VeriSign shares rose 5.1% in the premarket, after the domain name registrar reported better-than-expected quarterly earnings, with earnings in line with Wall Street forecasts. VeriSign also added $ 747 million to its share buyback program.