Check out the companies that make news before the bell:
Lululemon (LULU) – Lululemon reported adjusted quarterly earnings of $ 1.65 per share, easily surpassing the consensus estimate of $ 1.19. The clothing manufacturer’s revenue also exceeded estimates, helped by an increase in direct sales to the consumer. Lululemon also raised his orientation for the entire year. Shares rose 13.5% in the pre-market.
GameStop (GME): GameStop suffered 7.5% in premarketing stock after reporting a tight loss of 76 cents per share during its last quarter, 9 cents more than analysts had predicted. Revenue exceeded Wall Street forecasts and the video game retailer saw its loss reduced from a year ago, as sales grew more than 25%.
Boston Beer (SAM): Boston beer fell 9.6% in the premarket trade after brewery brewer Sam Adams pulled out financial guidance earlier. The company said it had underestimated demand for its truly tough Seltzer brand before the summer.
HR (HR): HR exceeded consensus estimates by $ 2.00, with adjusted quarterly earnings of $ 8.48 per share and revenue above street forecasts. The home furniture company said it continues to experience high demand from consumers who spend more time at home. HR also increased its outlook for the full year and shares added 2.1% to the premarket.
United Airlines (UAL): The airline cut its outlook due to the increase in Covid-19 cases that has reduced passenger demand. United is adjusting its responsiveness and said that if current trends continue, it will report a tight fourth-quarter loss. Shares of United fell 1.4% in premarketing stock. Southwest Airlines (LUV), JetBlue (JBLU) and American Airlines (AAL) followed with similar warnings. JetBlue lost 1.4%, Americans fell 1.2% and Southwest fell 0.9% in premarket trading.
Caesars Entertainment (CZR): Caesars reached an agreement to sell the non-US assets of its William Hill sports betting unit to UK gaming firm 888 Holdings for about $ 3 billion. Caesars had acquired William Hill earlier this year.
NetEase (NTES), Bilibili (BILI) – NetEase and Bilibili are among China’s video game and media stocks marketed in the United States under pressure after authorities convened companies to ensure they implemented and followed the new rules for to these sectors. NetEase fell 5.5% in the premarket, while Bilibili fell 7.2%.
Analog Devices (ADI) – Analog Devices said it expected the purchase of rival semiconductor maker Maxim in 2020 to add to the adjusted gains 12 months after closing, 6 months earlier than initially anticipated. Analog Devices also added $ 2.5 billion to its stock repurchase program.
Warner Music Group (WMG) – Music publisher shares fell 2.1% in the market before StreetAccount reported that a block of 3.15 million shares was being bought through Morgan Stanley.
Macy’s (M): Macy’s gained 1.2% in premarket trading after Cowen upgraded the retailer’s shares to “surpass” “market performance,” noting better price and inventory management, as well as a more robust digital strategy.