Take a look at some of the biggest moving agents in the premarket:
GameStop (GME) – GameStop remains vigilant after a new rise fueled by Reddit on Wednesday in the shares of the video game retailer, as well as other so-called “Reddit shares” such as BlackBerry (BB), AMC Entertainment (AMC) and Koss Corp. (KOSS). GameStop was up 55.8% premarket, while AMC was up 12.9%, BlackBerry was up 4.3% and Koss was up 81.3%.
Best Buy (BBY) – Retailer shares fell 5.3% in premarket trading after its revenue and comparable in-store sales missed Wall Street forecasts for the holiday quarter as the pandemic fueled demand for electronics. Best Buy’s quarterly earnings of $ 3.48 per share exceeded estimates by 3 cents per share.
Moderna (MRNA) – The drug maker’s shares rose 2.9% in premarket stock as its quarterly revenue far exceeded estimates and forecasts Covid-19 vaccine sales of $ 18.4 billion this year. However, Moderna reported a quarterly loss of 69 cents per share, higher than the 35 cents a loss of action that analysts anticipated.
Wayfair (W) – The seller of furniture and household items earned $ 1.24 per share in the last quarter, above the consensus estimate of 86 cents per share. Revenue was slightly below Wall Street forecasts, as was the number of orders, and shares fell 9% premarket.
Norwegian Cruise Line (NCLH) – Cruise line operator shares rose 1.9% in the premarket after quarterly revenues far exceeded estimates, despite stopping Covid-19-related cruises. Its loss of $ 2.33 per share for the last quarter was slightly higher than the consensual estimate of a loss of $ 2.17 per share.
Anheuser-Busch InBev (BUD) – Anheuser-Busch reported better earnings and revenue than expected for the fourth quarter. The company also forecast higher earnings for 2021, however the brewer said its profit margins will be affected by higher commodity costs. Its shares fell 5.3% in premarket trading.
ViacomCBS (VIAC) – ViacomCBS came in at 2 cents a share ahead of estimates, with a quarterly profit of $ 1.04 per share. Revenue was essentially in line with Wall Street forecasts. The company also said it has 30 million subscribers in stream, ahead of the planned March 4 launch of the Paramount + service that will replace the current CBS All Access service. Its shares fell 2.8% in the premarket share.
Teladoc Health (TDOC) – Teladoc fell 6.5% in premarket trading after reporting a loss of 27 cents a share in the last quarter, 3 cents a share higher than Wall Street had expected. The video provider’s revenue came in over estimates.
Nvidia (NVDA) – Nvidia reported quarterly earnings of $ 3.10 per share, compared to a consensus estimate of $ 2.81 per share. The company best known for its game chips also had higher-than-estimated revenues. Nvidia also predicted strong revenue for the current quarter, but shares fell 2.6% in premarket share.
Fisker (FSR) – Fisker has entered into an agreement with contract manufacturer Foxconn Technology to assemble cars to start electric vehicles. The agreement calls on companies to jointly produce more than 250,000 vehicles a year. Shares fell 1% premarket.
Pfizer (PFE) – The Covid-19 vaccine developed by Pfizer and BioNTech (BNTX) works just as well in all age groups, according to an Israeli study. It provided 94% protection against the development of coronavirus symptoms one week after the second dose of vaccine and 92% effective in preventing severe disease.
Verizon (VZ) – Verizon was the largest bidder in a government auction of 5G, spending $ 45.5 billion, while AT&T (T) bid $ 23.4 billion and T-Mobile US ( TMUS) bid $ 9.3 billion.
Pure Deposit (PSTG) – Pure Deposit came in at 4 cents a share ahead of estimates, with a quarterly profit of 13 cents a share. The business memory storage system provider also had higher-than-expected Wall Street revenue. Pure Storage provided a mixed forecast, but it was the first time it had provided guidance since the beginning of the pandemic. Shares gained 2.5% in the premarket.
L Brands (LB) – L Brands earned $ 3.30 per share in the last quarter, 12 cents per share above estimates. Father Victoria’s Secret’s income came in the absence of forecasts. L Brands, which also owns the Bath & Body Works chain, provided strong guidance in the current quarter. L Brands grew 2.7% in the premarket.