Walmart, Hormel Foods, Marriott, others

Check out the companies making headlines before the bell:

Walmart (WMT) – Walmart reported quarterly adjusted earnings of $ 1.39 per share, including a 7 cent impact from the UK tax refund. The consensus estimate was $ 1.50. Sales exceeded expectations and US comparable store sales excluding fuel increased 8.6% compared to the FactSet estimate of 5.8%. The retailer’s shares are down 5% for the market.

Hormel Foods (HRL) – The food producer’s stock is up 2.2% for the market after revenues matched estimates of 41 cents a share and sales exceeded Wall Street forecasts. Hormel also said it is becoming increasingly optimistic about full year sales and earnings growth.

Marriott (MAR) – Marriott went into recent hotel chain trends by beating Street estimates and earned an adjusted 12 cents per share for the last quarter, compared to a consensus estimate of 11 cents. Revenues fell short of forecast as the company continues to be impacted by the pandemic.

Waste Management (WM) – Shares of Waste Management are up 1% for the premarket after the waste shipping company beat estimates by 4 cents with adjusted quarterly earnings of $ 1.13 per share, also with higher sales. Waste Management is also increasing its dividend by 12 cents on an annual basis to $ 2.30 a share.

Tilray (TLRY) – Tilray lost an adjusted 2 cents a share for the last quarter, smaller than the 15 cent loss expected by Wall Street analysts, while the cannabis producer’s earnings were above estimates. The results come on Tilray’s planned merger with rival Aphria (APHA), which is expected to be completed in the second quarter. Stock is up 4% in premarket action.

SunPower (SPWR) – SunPower doubled consensus estimates with quarterly adjusted earnings of 14 cents a share, although the solar company’s revenues fell short of expectations. SunPower also released weaker-than-expected expectations for the current quarter, and its shares are down 7.1% in premarket trading.

Twilio (TWLO) – Twilio is up 9.5% in premarket after reporting an adjusted earnings of 4 cents per share for the last quarter, surprising analysts who expected the cloud computing platform provider to lose 8 cents per share. share would report. Revenues were also well above Street’s expectations, with results helped by recent acquisitions and election-related matters, as well as what Twilio calls “broad diversified strength.”

Baidu (BIDU) – Baidu saw quarterly revenues exceed analyst expectations, with search engine ad sales returning and the company’s cloud services increasing in demand. Shares of Baidu are down 1.2% this morning.

Sleep Number (SNBR) – Sleep Number shares are up 12.7% premarket after it reported quarterly earnings of $ 2.19 per share, beating the consensus estimate of $ 1.45, with mattress seller’s revenue also higher than the estimates. Sleep Number also provided optimistic guidance for the year.

Tesla (TSLA) – Tesla lowered prices for the cheaper versions of its Model 3 and Model Y vehicles, although it increased prices for more expensive variants. The shares are down 2% for the market.

Nutrien (NTR) – Nutrien reported better-than-expected revenues for the last quarter as the Canadian fertilizer manufacturer saw increased demand amid rising crop prices and farmers’ plans to plant more acres this year. The share has increased by 3.8% for the market.

Fastly (FSLY) – Fastly stocks are under pressure, down 6.2% in the premarket, after the cloud platform provider reported better-than-expected earnings and earnings for the last quarter, but released a lower-than-expected forecast.

Tanger Factory Outlets (SKT) – The shopping center operator is up 3.1% after reporting a break-even quarter, compared to predictions of a loss of 2 cents per share, while sales were also better than estimates. Tangier saw traffic increase during the quarter, although lower occupancy rates continue to weigh on sales.

Bloomin ‘Brands (BLMN) – Shares of the restaurant operator are down 4.1% ahead of the market after sales fell below Street forecasts for the last quarter. The company did report a break-even quarter on an adjusted basis, compared to predictions of a loss of 2 cents per share.

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