Take a look at some of the biggest moving agents in the premarket:
Lyft (LYFT) – The travel company said last week saw the highest level of walking volume since the pandemic in March last year. As a result, Lyft expects to report a lower quarterly loss than previously anticipated. Lyft shares rose 5.6% in premarket trading.
Las Vegas Sands (LVS) – The casino operator’s shares rose 3% in the premarket after announcing a deal to sell its Las Vegas properties to private equity firm Apollo Global (APO) and VICI Properties for $ 6.25 billion of dollars. The sale includes The Venetian Resort Las Vegas and Sands Expo and Convention Center. Apollo Global shares gained 2.1%.
Wendy’s (WEN) – The restaurant chain missed estimates by one penny per share, with quarterly earnings of 17 cents per share. Revenues also fell compared to forecasts. Comparable global sales rose 4.7%, shy of the FactSet consensus estimate of 5.7%, mainly due to international weakness. Its shares fell 3.3% in the premarket.
Dollar Tree (DLTR) – The discount retailer earned $ 2.13 per share for the fourth quarter, exceeding estimates by 2 cents per share. Revenues were essentially in line with expectations. Sales at comparable stores increased by 4.9%, in addition to the 5.5% estimate of analysts surveyed by FactSet. The company’s shares fell 2% in the premarket.
Hewlett Packard Enterprise (HPE) – HPE exceeded estimates by 11 cents per share, with quarterly earnings of 52 cents per share. The revenue of the computer hardware manufacturer for enterprises also exceeded expectations. The company has issued strong guidance for both the current quarter and the full year as it continues to benefit from the pandemic-inspired digital transformation.
Box (BOX) – Box reported quarterly earnings of 22 cents per share, up from 5 cents per share. Revenues also exceeded projections. The online data storage company also issued a better-than-expected outlook for the full year and expects the current quarter to generate revenue of more than $ 200 million for the first time.
Nordstrom (JWN) – Nordstrom earned 21 cents per share in the last quarter, 7 cents per share above estimates. The retailer also reported better-than-expected revenue. Nordstrom has been helped by an increase in digital sales as well as an increase in its out-of-price operation, but the retailer has warned that it will have to eliminate excess holiday inventory through that out-of-price channel. Shares fell 2.6% in premarket share.
FuboTV (FUBO) – FuboTV reported quarterly revenue of more than $ 100 million for the first time, with live sports streaming reporting better-than-expected sales of $ 105.1 million. The number of subscribers increased by 73% compared to a year earlier to a total of 548,000. However, its shares fell 4% in the premarket, after an increase of almost 50% from one year to another.
Rocket Companies (RKT) – Rocket shares have been volatile in premarket trading after more than doubling in the last three sessions. Father Quicken Loans and Rocket Mortgage has gained increasing attention on online forums, with investors noting the high level of short interest. Missile shares fell 5.5% in premarket stock.
Urban Outfitters (URBN) – Urban Outfitters beats estimates by 2 cents per share, with quarterly earnings of 30 cents per share. However, retailer’s revenues fell slightly below Wall Street forecasts, and gross profit margins fell by more than 3 percentage points from a year earlier. Its shares fell 1.6% in the premarket.
Ross stores (ROST) – Ross stores fell 3.1% in the premarket after reporting quarterly earnings of 67 cents per share, below the consensus estimate of $ 1.00 per share. The discount retailer’s revenues also came under estimates, affected by the closures of stores related to the pandemic in California.