Take a look at some of the biggest moving agents in the premarket:
Dollar General (DG) – Dollar General shares fell 6.1% in premarket stock after the discount retailer missed estimates by 10 cents per share, with quarterly earnings of $ 2.62 per share. The company exceeded revenue estimates, as sales in comparable stores increased more than expected.
Signet Jewelers (GIS) – The shares of the jewelry retailer increased by 5.7% in premarket trading after an optimistic quarterly report. Signet earned $ 4.15 per share, compared to a consensus estimate of $ 3.54 per share. Revenue also came above estimates amid strong sales at comparable stores.
Petco (WOOF) – In its first report since its release in January, the pet retailer reported a quarterly profit of 17 cents a share, up from 6 cents a share. Revenue also exceeded Wall Street forecasts, with comparable store sales by 17%. Shares gained 3.2% in the premarket.
Accenture (ACN) – The consulting firm reported a quarterly profit of $ 2.23 per share, exceeding the consensus estimate of $ 1.90 per share. Revenues also exceeded forecasts. Accenture has raised its earnings forecasts as more companies use their services to move to cloud-based operations. Accenture added 2.2% to premarket trading.
Apple (AAPL) – Apple plans to launch a new line of iPads as early as next month, according to a Bloomberg report. IPad sales have risen in the last year as more people have worked and attended distance school due to the pandemic. Apple fell 1% in premarket stock.
Five Under (FIVE) – The discount retailer exceeded estimates by 9 cents per share, with a quarterly profit of $ 2.20 per share. Revenue was also above Wall Street forecasts, driven by a 14% increase in sales in comparable stores. Shares accounted for 5.7% in premarket trading.
Coherent (COHR) – The bidding battle for the laser product maker continues, with a new bid from optical component maker II-VI (IIVI) worth about $ 7 billion in cash and stock. Coherent initially agreed to be acquired by telecommunications equipment manufacturer Lumentum (LITE) in January, but then became the target of a three-way competition between II-VI, Lumentum and MKS Instruments (MKSI) which has now led to a total of 9 offers. Coherently added 3.4% in the premarket, while II-VI decreased by 1.6%.
Williams-Sonoma (WSM) – Williams-Sonoma reported quarterly earnings of $ 3.95 per share, compared to a consensus estimate of $ 3.39 per share. The income of the household goods retailer also exceeds the estimates, helped by people who spend more time at home amid the pandemic. The company also announced an 11% increase in dividends and authorized a $ 1 billion share buyback program. Williams-Sonoma rose 11.1% in premarket stock.
PagerDuty (PD) – PagerDuty lost 7 cents a share in the last quarter, less than the 11 cents a share that Wall Street analysts had anticipated. The software company’s revenue for operations exceeded expectations, but expects a higher loss throughout the year than analysts forecast. Shares fell 4.4% in the premarket.
Nikola (NKLA) – Nikola said South Korean stakeholders Hanwha plans to sell up to half of its stake in the electric truck manufacturer this year, reducing the package by 5.65%. Nikola added that the manufacturer of optoelectronic components remains an “important strategic partner”. Its shares lost 3.6% in the premarket share.
Lordstown Motors (RIDE) – Shares fell 4.2% in premarket trading after Lordstown said it had received a request from the Securities and Exchange Commission over allegations made in a report by short seller Hindenburg Research. The report accused the electric vehicle manufacturer of misleading consumers and investors, but Lordstown said the report was full of “lies and half-truths”.
Sundial Growers (SNDL) – Shares of the Canadian cannabis maker rose 8.4% in premarket trading after reporting better-than-expected revenue in the last quarter. The company also said it successfully restructured the company during 2020, positioning it for future success. The stock increased by 7.8% in the premarket.
National Grid (NGG) – National Grid buys the distribution unit of the UK distribution network of PPL Corp. (PPL) in Pennsylvania for $ 10.9 billion. At the same time, the multinational energy company is selling to Rhode Island-based Narragansett Electric to PPL for $ 3.8 billion. PPL added 1.7% in premarket trading.
Peloton (PTON) – Peloton CEO John Foley told Bloomberg that the fitness equipment maker has expanded its production capacity by 700% in the last year and that its exercise bike supply is close to meeting demand . Peloton fell 1.7% in the premarket