Check out the companies that make headlines before the bell:
Walmart (WMT) – Walmart reported adjusted quarterly earnings of $ 1.39 per share, which includes an impact of 7 cents on UK tax refunds. The consensus estimate was $ 1.50. Revenues exceeded forecasts, and comparable sales in the US, without fuel, rose 8.6% from the FactSet estimate of 5.8%. The retailer’s shares decreased by 5% premarket.
Hormel Foods (HRL) – The food producer’s stock is up 2.2%, after revenue equaled estimates at 41 cents a share, and revenue exceeded Wall Street forecasts. Hormel also said he is increasingly optimistic about year-round sales and revenue growth.
Marriott (MAR) – Marriott has outpaced recent hotel chain trends, surpassing street estimates, gaining an adjusted 12 cents per share for the last quarter, compared to a consensus estimate of 11 cents. Revenues have missed forecasts as the company continues to be hit by the pandemic.
Waste Management (WM) – Waste management shares increased 1% premarket after the waste carrier exceeded estimates by 4 cents, with an adjusted quarterly profit of $ 1.13 per share, with revenues exceeding estimates. Waste management also increases its annual dividend by 12 cents to $ 2.30 per share.
Tilray (TLRY) – Tilray lost an adjusted 2 cents a share in the last quarter, lower than the 15-cent loss expected by Wall Street analysts, while the cannabis maker’s revenue was above estimates. The results come ahead of Tilray’s planned merger with rival Aphria (APHA), which he expects to close in the second quarter. The stock increased by 4% in the premarket stock.
SunPower (SPWR) – SunPower doubled consensus estimates, with adjusted quarterly earnings of 14 cents per share, although the solar company’s revenues fell below expectations. SunPower also issued a weaker-than-expected current quarterly guidance, and its shares fell 7.1% in premarket trading.
Twilio (TWLO) – Twilio up 9.5% premarket after reporting adjusted earnings of 4 cents a share in the last quarter, surprising analysts expecting cloud computing platform provider to report a loss of 8 cents a share . Revenues also came in well above street forecasts, with results helped by recent acquisitions and election-related deals, as well as what Twilio calls “large-scale diversified force”.
Baidu (BIDU) – Baidu posted quarterly revenue above analysts’ forecasts, with search engine ad sales returning, and the company’s cloud services seeing increased demand. Baidu shares fell 1.2% this morning.
Sleep Number (SNBR) – Sleep Number shares are up 12.7% premarket, after reporting quarterly earnings of $ 2.19 per share, exceeding the consensus estimate of $ 1.45, with the mattress retailer’s revenue also exceeding estimates. The resting number also issued optimistic guidance throughout the year.
Tesla (TSLA) – Tesla has lowered prices for cheaper versions of its Model 3 and Model Y vehicles, although it has increased prices for the top variants. Shares fell 2% premarket.
Nutrien (NTR) – Nutrien reported better-than-expected earnings in the last quarter, as Canadian fertilizer producer saw increased demand amid rising crop prices and farmers’ plans to plant more acres this year. The stock increased by 3.8% premarket.
Fastly (FSLY) – Fastly shares are under pressure, down 6.2% premarket, after the cloud platform provider reported better-than-expected earnings and revenue for the last quarter, but issued a lower-than-expected forecast.
Tangier Factory Outlets (SKT) – The mall operator is up 3.1% after reporting an equal quarter compared to forecasts of a loss of 2 cents per share, while revenues also exceeded estimates. Tangier saw an increase in foot traffic during the quarter, although lower occupancy rates continue to influence revenues.
Bloomin ‘Brands (BLMN) – The shares of the restaurant operator fell by 4.1% premarket after revenues fell below the street forecasts for the last quarter. The company reported a quarterly return on an adjusted basis compared to forecasts of a loss of 2 cents per share.