Check out some of the biggest movers in the premarket:
Foot Locker (FL) – Foot Locker shares fell 12.1% in premarket trading after quarterly sales fell below Street forecasts and sales in comparable stores dropped unexpectedly. The sportswear and footwear retailer also reported quarterly earnings of $ 1.55 a share, beating the consensus by 20 cents a share.
DraftKings (DKNG) – Shares of the online sports betting company rallied 3.2% in the premarket after DraftKings reported better-than-expected quarterly sales and raised its full-year sales forecast. The company said it is seeing a significant increase in user activation as a result of marketing spending and further legalization of sports gambling.
Cinemark (CNK) – The cinema operator’s share fell 2.6% in premarket action after reporting a larger than expected loss for the last quarter. Cinemark was impacted by pandemic-related theater closings, although quarterly sales were above Wall Street forecasts.
Salesforce.com (CRM) – Salesforce made $ 1.04 per share for the last quarter, surpassing the consensus estimate of 75 cents per share. Sales were also better than expectations, but the business software giant gave a weaker-than-expected earnings forecast for the full year. Analysts are also expressing concern about the impact of the company’s acquisition of the messaging platform Slack (WORK). Salesforce shares fell 4.4% in the premarket.
Rocket Companies (RKT) – The parent company of Quicken Loans and other financial services companies reported quarterly earnings of $ 1.09 per share, compared to a consensus estimate of 87 cents per share. Sales also exceeded expectations. Rocket completed a year in record mortgage volume and announced it would pay a special dividend of $ 1.11 per share. Rocket stocks rose 9.1% in premarket trading.
AT&T (T) – AT&T is spinning its DirecTV and other pay-TV services into a separate company, with private equity firm TPG Capital as the 30% owner of the new entity. The deal provides AT&T $ 8 billion in cash, which it will use to pay off debt. The deal values pay-TV services at a combined $ 16.25 billion, compared to the $ 66 billion that AT&T paid for DirecTV alone in 2015.
Beyond Meat (BYND) – Beyond Meat struck a three-year deal to become the preferred supplier for the McDonald’s (MCD) “McPlant” plant-based burger, as well as an exclusive supply agreement with Taco Bell parent company Yum Brands (YUM). Investor enthusiasm for the deals helped erase the losses the stock had previously suffered after Beyond Meat reported a larger-than-expected quarterly loss. Beyond Meat shares were up 6.2% in premarket trading.
Airbnb (ABNB) – Airbnb reported a loss in the first quarter as a publicly traded company, but the company saw better-than-expected revenues as the pandemic prompted consumers to travel locally.
Etsy (ETSY) – Etsy earned $ 1.08 per share for the last quarter, well above 59 cents per share by consensus estimate. The online crafts marketplace also saw sales beat Wall Street forecasts. Etsy also released a positive forecast for the current quarter, and its shares were up 6% in premarket action.
DoorDash (DASH) – DoorDash reported better-than-expected sales during the fourth quarter, tripling the level of a year ago as the pandemic caused an increase in restaurant delivery orders. However, DoorDash predicts a slowdown in orders as Covid-19 vaccines hit the market. Its shares fell 11.4% in premarket trading.
Nikola (NKLA) – Nikola shares fell 2.1% in the premarket after the electric vehicle manufacturer said in a Securities and Exchange Commission filing that founder Trevor Milton had made several inaccurate statements about his technology. Nikola had previously denied making any false statements to the public.
WW International (WW) – WW earned 18 cents a share for the last quarter, less than 32 cents a share according to a consensus estimate. The Weight Watchers parent’s earnings beat estimates. WW sees a strong growth in digital subscriptions, but a decrease when the virtual workshops are included. Shares fell 9.7% in the premarket.
Workday (WDAY) – Workday reported quarterly earnings of 73 cents a share, better than 55 cents according to a consensus estimate of the stock. The turnover of the HR software company was slightly above forecast. Workday released a weaker-than-expected forecast for subscription sales during this fiscal year, causing its stock to drop 7.2% in premarket trading.
Groupon (GRPN) – The daily deals company nearly doubled its 26 cents per consensus estimate with quarterly earnings of 51 cents a share. Sales also exceeded Wall Street forecasts. Its shares rose 13.1% in the premarket.