Check out some of the major premarket engines:
Walt Disney (DIS) – Disney reported a quarterly profit of 32 cents per share, surprising analysts who had expected a loss of 41 cents per share. Disney saw an unexpected drop in theme park attendance and box office results due to Covid, but the success of its Disney + streaming service continues. Disney + now has 94.9 million subscribers after adding more than 21 million during the quarter. Shares of Disney rose 1.4% in pre-market trading as of 7:30 a.m. ET.
Newell Brands (NWL) – The company behind consumer brands such as Rubbermaid, Sharpie and Sunbeam reported a quarterly profit of 56 cents per share, surpassing estimates by 8 cents per share. Revenue also exceeded estimates. Newell expects full-year earnings of $ 1.55 to $ 1.65 per share, compared to a consensus estimate of $ 1.68 per share, amid the smoothness of his writing business which is shrinking a strong performance in areas such as appliances and kitchen utensils. Shares fell 2.5% in pre-market share.
Coherent (COHR) – Electronic Component Manufacturer II-VI (IIVI) plans a $ 6.5 billion bid for the laser maker, according to people familiar with the matter who spoke to The Wall Street Journal. The offer is valued at $ 260 per share in cash and shares, which exceeds the $ 226 per share agreement Coherent already has with Lumentum Holdings (LITE), as well as a $ 240 offer per share from MKS Instruments ( MKSI). Coherent rose 16.4% in premarket trade, while II-VI fell 4.3%.
Moody’s (MCO): Higher spending caused the credit rating agency to miss estimates of 6 cents per share, with quarterly earnings of $ 1.91 per share. Revenue exceeded Wall Street forecasts, although its projected profit range for 2021 is well above analysts ’forecasts. Moody’s also raised its quarterly dividend to 62 cents per share from 56 cents per share.
Expedia (EXPE): Expedia fell 1.6% from the pre-market after reporting that it lost $ 2.64 per share over the last quarter, more than the $ 1.97 per share loss analysts had forecast. The revenue of the online travel services company fell short of forecasts, amid a 67% drop in bookings due to the resurgence of Covid-19 cases and blockages.
Affirm Holdings (AFRM): The statement fell 7.6% ahead of the market after recording a loss of 45 cents per share in its first results since it went public on January 13th. the purchase and now payday loan provider also exceeded the revenue forecast. Claimed expected a weaker sales volume than expected for the current quarter, however, as the boom in online shopping induced by the pandemic.
SurveyMonkey (SVMK): SurveyMonkey fell 10.8% in the pre-market, after the online survey company provided weaker-than-expected guidance for the current quarter. SurveyMonkey reported a profit of 3 cents per share during the most recent quarter, compared to expectations of a balanced quarter.
Marathon Oil (MRO) – Marathon has laid off about 100 U.S. workers, or about 5 percent of its workforce, according to a company official who spoke to Reuters. Marathon said its move was part of its ongoing effort to optimize its cost structure.
AstraZeneca (AZN) – AstraZeneca said it expects to double its monthly production of Covid-19 vaccine before April after resolving issues with its manufacture. This would bring the monthly production to 200 million doses.
Bausch Health (BHC) – Bausch Health jumped 6.3% from the pre-market after news that billionaire investor Carl Icahn has taken a 7.8% stake, according to a statement from the Securities and Exchange Commission. Icahn plans to make contributions on the pharmaceutical company’s strategies and possibly seek representation on the board.
Datadog (DDOG): Datadog reported better-than-expected quarterly revenue and revenue, but cloud surveillance service provider sees its shares fall 4.7% premarket after posting a weaker outlook the expected.
VeriSign (VRSN): VeriSign shares rose 5.1% in the pre-market, after the domain name registration company reported better-than-expected quarterly earnings, with revenue matching forecasts for Wall Street. VeriSign also added $ 747 million to its stock repurchase program.