Check out some of the biggest movers in the premarket:
Lyft (LYFT) – The ride-hailing company said last week saw the highest ride volume since the pandemic last March. As a result, Lyft expects to report a smaller quarterly loss than it previously forecast. Lyft shares were up 5.6% in premarket trading.
Las Vegas Sands (LVS) – The casino operator’s shares rose 3% in the premarket after it announced a deal to sell its Las Vegas properties to private equity firms Apollo Global (APO) and VICI Properties for $ 6 , 25 billion. The sale includes The Venetian Resort Las Vegas and the Sands Expo and Convention Center. Apollo Global shares gained 2.1%.
Wendy’s (WEN) – The restaurant chain missed estimates by a cent per share, with quarterly profit of 17 cents per share. Turnover also lagged behind forecasts. Global comparable store sales increased 4.7%, shying away from FactSet’s consensus estimate of 5.7%, mainly due to international weakness. Its shares fell 3.3% in the premarket.
Dollar Tree (DLTR) – The discount store made $ 2.13 a share for the fourth quarter, beating estimates by 2 cents a share. Sales were essentially in line with expectations. Comparable store sales were up 4.9%, less than the 5.5% estimate of analysts surveyed by FactSet. The company’s shares fell 2% in the premarket.
Hewlett Packard Enterprise (HPE) – HPE beat estimates by 11 cents a share, with quarterly earnings of 52 cents a share. The turnover of the company’s computer hardware manufacturer was also higher than expected. The company provided strong guidance for both the current quarter and full year as it continues to benefit from the pandemic-inspired digital transformation.
Box (BOX) – Box reported quarterly earnings of 22 cents a share, 5 cents a share above estimates. Sales also exceeded expectations. The online data storage company has also released better-than-expected outlook for the full year and expects the current quarter to bring in sales of more than $ 200 million for the first time.
Nordstrom (JWN) – Nordstrom earned 21 cents a share for the last quarter, 7 cents a share above estimates. The retailer also reported better than expected sales. Nordstrom was helped by a boost in digital sales and growth in its off-price business, but the retailer warned he would have to clean up excess holiday inventory through that off-price channel. Shares fell 2.6% in premarket action.
FuboTV (FUBO) – FuboTV first reported quarterly sales of more than $ 100 million, with the live sports streaming company reporting better-than-expected $ 105.1 million in sales. The number of subscribers has increased by 73% from a year earlier to a total of 548,000. However, its shares fell 4% in the premarket, after a rise of nearly 50% year-to-date.
Rocket Companies (RKT) – Rocket shares have been volatile in premarket trading after more than doubling in the past three sessions. Parent company Quicken Loans and Rocket Mortgage is gaining increasing attention in online forums, with investors noticing the high short-term interest rates. Rocket stocks fell 5.5% in premarket action.
Urban Outfitters (URBN) – Urban Outfitters beat estimates by 2 cents a share, with quarterly profit of 30 cents a share. However, the apparel retailer’s sales fell slightly below Wall Street forecasts, and gross profit margins were down 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 it reported quarterly earnings of 67 cents a share, below $ 1.00 a share by consensus. Discount store sales also fell short of estimates, hurt by pandemic-related store closings in California.