Take a look at some of the biggest moving agents in the premarket:
Deere (DE) – Heavy equipment maker earned $ 3.87 per share in the first fiscal quarter, compared to a consensus estimate of $ 2.14 per share. Revenues also exceeded forecasts, and Deere increased its revenue outlook throughout the year, amid improvements in the agricultural and construction sectors. Deere shares increased 6.2% in premarket trading.
Roku (ROKU) – Roku shares rose 1.4% in the premarket, after reporting a quarterly profit of 49 cents per share, compared to the consensus forecast of a loss of 6 cents per share. The revenue of the streaming video device maker also exceeded forecasts, amid a 58% increase, as consumers stuck at home during the pandemic sought more video entertainment.
Uber Technologies (UBER) – The travel company lost a key case in the UK, where a Supreme Court judge upheld an employment court ruling saying Uber drivers were employed and not contract workers . Uber fell 1.9% in premarket stock.
Dropbox (DBX) – Dropbox came in with 4 cents a share ahead of estimates, with quarterly earnings of 28 cents a share. The cloud storage company’s revenue also came in over Wall Street projections. Dropbox had a higher-than-expected number of paid users in that quarter, as well as better-than-expected revenue per user. However, it forecast year-round revenue below analysts’ estimates, but shares fell 3.4% premarket.
Applied Materials (AMAT) – Applied Materials earned $ 1.39 per share for the fourth quarter, compared to a consensus estimate of $ 1.28 per share. Revenues also exceeded expectations. The semiconductor equipment maker also gave an optimistic forecast in the current quarter, as chip makers are trying to accelerate production to cope with a global shortage. Applied materials increased by 5% in premarket trading.
Novavax (NVAX) – The drug maker’s stock rose 10.6% in the premarket after reaching a deal with global vaccine alliance Gavi to deliver 1.1 billion doses of its Covid-19 vaccine to an international vaccination.
TripAdvisor (TRIP) – TripAdvisor reported a quarterly loss of 41 cents a share, higher than the 26 cents a loss of action that analysts anticipated. The revenue of the travel website operator exceeded estimates, and the company noted that the reloaded travel demand and the positive developments in vaccines should lead to improved results this year. Its shares fell 2.4% in premarket trading.
Pfizer (PFE) – The Covid-19 vaccine developed by Pfizer and BioNTech (BNTX) was 85% effective after only the first dose, according to a study by Israeli health care workers published in The Lancet. As with a competing vaccine from Moderna (MRNA), patients receive two doses of Pfizer vaccine for maximum protection.
Royal Caribbean (RCL) – Royal Caribbean has said it will be restricted from paying cash dividends and buying shares until the third quarter of 2022 due to changes in the cruise line operator’s loan agreements. Last year, it suspended dividends and redemptions as the pandemic stopped cruising.
IBM (IBM) – IBM is considering a possible sale of its IBM Watson Health business, according to people familiar with the matter who spoke to The Wall Street Journal. Alternatives could include a sale to a private equity firm or other healthcare company or a merger of the unit with a special purpose procurement company.
Texas Roadhouse (TXRH) – The restaurant chain gained 28 cents a share for the fourth quarter, in addition to the 49 cents estimated by consensus. Revenues were also shy of analysts’ forecasts. Texas Roadhouse said weekly sales levels fell in the latter part of the quarter as a revival of Covid-19 forced it to close some locations. Shares in Texas Roadhouse fell 3.5% premarket.
Planet Fitness (PLNT) – The quarterly earnings of the gym operator fell by 5 cents per share, without consensus, because it reported a profit of 17 cents per share. Revenues came timidly and from estimates. Sales at the same location fell more than expected, and Planet Fitness did not offer a prospect in 2021 due to uncertainty surrounding the Covid-19 pandemic. Shares fell 2.5% in premarket trading.
Rackspace (RXT) – Rackspace beats estimates by 3 cents with a quarterly profit of 26 cents per share. Revenue also exceeded forecasts, however, the cloud service provider issued a weaker-than-expected year-over-year forecast. Its shares decreased by 9.7% in the premarket share.