Take a look at some of the biggest moving agents in the premarket:
Foot Locker (FL) – Foot Locker shares fell 12.1% in premarket trading after quarterly revenue fell below street forecasts and comparable in-store sales fell unexpectedly. The sportswear and footwear retailer also reported a quarterly profit of $ 1.55 per share, exceeding the consensus by 20 cents per share.
DraftKings (DKNG) – Online sports gambling company shares rose 3.2% in the premarket, after DraftKings reported better-than-expected quarterly revenue and increased its year-over-year revenue forecast. The company said it sees a substantial increase in user activation due to marketing expenses and the further legalization of sports gambling.
Cinemark (CNK) – The shares of the cinema operator fell by 2.6% in premarket shares after reporting a higher-than-expected loss for the last quarter. Cinemark was affected by the closure of the pandemic-related theater, although quarterly revenues exceeded Wall Street forecasts.
Salesforce.com (CRM) – Salesforce earned $ 1.04 per share in the last quarter, exceeding the consensus estimate of 75 cents per share. Revenues exceeded forecasts, and yet the business software giant provided a poorer-than-expected year-over-year profit forecast. Analysts also express concern about the impact of the company’s acquisition of the Slack messaging platform (WORK). Salesforce shares fell 4.4% in the premarket.
Missile Companies (RKT) – The parent company of Quicken Loans and other financial services offerings reported quarterly earnings of $ 1.09 per share, compared to a consensual estimate of 87 cents per share. Revenues also exceeded forecasts. Rocket completed a year of record mortgage lending and announced it would pay a special dividend of $ 1.11 per share. Rocket shares increased 9.1% in premarket trading.
AT&T (T) – AT&T is discontinuing its DirecTV and other pay-TV services in a separate company, with private equity firm TPG Capital owning 30% of the new entity. The deal will provide AT&T with $ 8 billion in cash, which it will use to pay off the debt. The agreement estimates pay-TV services at a total of $ 16.25 billion, compared to the $ 66 billion that AT&T paid for DirecTV alone in 2015.
Beyond Meat (BYND) – Beyond Meat has a three-year deal to be the preferred supplier for the McDonald’s burger (MCD) “McPlant” herbal and has also entered into an exclusive supply agreement with Father Taco Bell, Yum Brands (YUM). Investors’ enthusiasm for trading helped erase the losses the stock saw earlier, after Beyond Meat reported a higher-than-expected quarterly loss. Beyond Meat shares rose 6.2% in premarket trading.
Airbnb (ABNB) – Airbnb reported a loss in the first quarter as a public company, but the company saw better-than-expected revenue as the pandemic forced consumers to accept local travel.
Etsy (ETSY) – Etsy earned $ 1.08 per share in the last quarter, well above 59 cents a consensual stock estimate. The online craft market also saw higher-than-expected earnings on Wall Street. Etsy also issued an optimistic forecast for the current quarter, and its shares rose 6% in premarket stock.
DoorDash (DASH) – DoorDash reported better-than-expected sales in the fourth quarter, tripling from a year ago as a pandemic led to an increase in restaurant delivery orders. However, DoorDash predicts a slowdown in orders as Covid-19 vaccines are launched. Its shares were reserved with 11.4% in premarket trading.
Nikola (NKLA) – Nikola shares fell 2.1% in the premarket after the electric vehicle maker said in a Securities and Exchange Commission case that founder Trevor Milton made several inaccurate statements about his technology. Nikola had previously refused to issue misleading communications to the public.
WW International (WW) – WW earned 18 cents a share in the last quarter, in addition to the 32 cents estimated by consensus. Father Weight Watchers’ income exceeded estimates. WW is experiencing a strong increase in digital subscriptions, but a decrease when its virtual workshops are included. Shares fell 9.7% in the premarket.
Workday (WDAY) – Workday reported quarterly earnings of 73 cents per share, exceeding the 55 cents a consensus estimate of the share. The revenue of the human resources software company came a little above the forecast. Workday issued a weaker-than-expected forecast for subscription sales this fiscal year, sending its shares down 7.2% in premarket trading.
Groupon (GRPN) – The daily trading company nearly doubled its 26 cents, a consensual stock estimate, with quarterly earnings of 51 cents a share. Revenue also exceeded Wall Street forecasts. Its shares increased by 13.1% in the premarket.