Check out some of the biggest movers in the premarket:
American Airlines (AAL) – The airline lost $ 4.32 per share in the first quarter, a cent a share higher than consensus estimates. The stock rose 3.6% in the premarket after American said cash flow had turned positive by the end of the quarter, excluding debt payments.
Teradata (TDC) – The share of database and analytics software provided increased 27.1% in premarket trading after it presented preliminary first-quarter data well above previous earnings expectations. Teredata continues to benefit from its continued growth in cloud computing.
Equifax (EFX) – Shares of the credit rating agency rose 8.5% in premarket trading after reporting better-than-expected gains and raising its annual outlook. The company’s performance was supported by a 59% increase in sales from its workforce solutions business.
Tractor Supply (TSCO) – The farm equipment and supplies manufacturer earned $ 1.55 a share for the last quarter, well above the 97 cents consensus estimate of the stock. Sales also exceeded expectations as sales at comparable stores increased by nearly 39%. Tractor Supply also raised its full year outlook and shares were up 7% in the premarket.
AT&T (T) – AT&T reported quarterly profit of 86 cents a share, 8 cents a share above estimates. Revenues were also higher than expected and AT&T added more wireless customers during the quarter than analysts expected. The stock rose 1.1% in premarket trading.
Alaska Air (ALK) – The airline posted a loss of $ 3.51 per share in the first quarter, less than the $ 3.63 per share loss that analysts had expected. Sales were above consensus estimates. The company said improved conditions allowed it to achieve positive cash flow in March, and the stock added 1.3% in premarket action.
Southwest Airlines (LUV) – Southwest’s quarterly loss of $ 1.72 per share was less than the expected loss of $ 1.85 per share. Sales were essentially in line with Wall Street’s forecasts, and Southwest forecast a lower cash burn rate for the current quarter as conditions improve.
DR Horton (DHI) – Shares of the luxury home builder added 1.8% in premarket action after reporting better-than-expected sales and revenues for the last quarter and predicting strong annual sales. Strong demand and low mortgage rates have led to sales nearly doubling in the most recent quarter.
Chipotle Mexican Grill (CMG) – Chipotle shares gained 1.2% in premarket trading after the restaurant chain reported better-than-expected earnings and a 17.2% increase in comparable store sales. Digital sales more than doubled during the quarter, and Chipotle said it expected an increase of more than 30% in comparable store sales this quarter as customers return to the brick-and-mortar locations.
Whirlpool (WHR) – Shares of the appliance maker contributed 1.8% in premarket action after it reported quarterly earnings of $ 7.20 per share, well above $ 5.41 per consensus estimate. The company also reported better-than-expected earnings. Whirlpool increased its annual guidance and increased its quarterly dividend from $ 1.25 per share to $ 1.40 per share.
Sleep Number (SNBR) – Mattress seller’s share plummeted 6% in premarket trading after sales fell short of forecast, even as revenues turned out better than expected. Sleep Number sales were impacted by supply chain issues.
Churchill Downs (CHDN) – The operator of the Churchill Downs race track and other entertainment and gaming locations saw its stock rise 2.1% in the premarket after reporting better-than-expected revenues and earnings for the last quarter. The company’s gaming segment saw profits increase 72% from the previous year.
Discover Financial (DFS) – The financial services firm earned $ 5.04 a share for the last quarter, beating the $ 2.82 consensus estimate of the stock by a wide margin. The share rose 3.7% in the premarket.
Netgear (NTGR) – Stocks of the computer network equipment manufacturer fell 3.5% in premarket trading after giving a weaker-than-expected forecast for the current quarter. Netgear beat Wall Street’s forecasts for the most recent quarter, but said it’s affected by supply chain issues and higher freight costs.
CORRECTION: This article has been updated to show that American Airlines lost $ 4.32 per share in the first quarter, a cent per share greater than consensus estimates.