Check out the companies that make news before the bell:
Big Lots (BIG): Discount retailer shares fell 9.5% in pre-market trading after losing last-quarter’s top and bottom line estimates. Big Lots earned $ 1.09 per share, three cents higher than analysts ’forecasts, and its comparable in-store sales fell 13.2% more than expected. The company also said it was hit by supply chain problems and inflationary pressures.
Hibbett Sports (HIBB): Sportswear retailer jumped 6.1% in the pre-market after posting better-than-expected sales and profits over the past quarter and boosting its full-year forecast. Hibbett earned $ 2.86 per share, nearly double the consensus estimate of $ 1.44.
Platoon (PTON): Platoon fell 8.1% in the market, after recording a wider loss than expected. The fitness equipment maker lost $ 1.05 per share during its last quarter, compared to losses of 45 cents. Digital paid subscriptions were also lower than estimated. In addition, Peloton said in an SEC document that the government cited him for obtaining documents about injuries related to his products.
Gap (GPS): Gap reported adjusted quarterly earnings of 70 cents per share, exceeding the estimated 46 cents per consensus, and the clothing retailer’s revenue also exceeded Wall Street forecasts. Gap also raised its focus year-round, thanks in large part to the strength of its Old Navy and Athleta brands. Shares rose 8.5% in premarket trading.
Apple (AAPL): Apple reached an agreement with smaller developers that extends a commission reduction for three years and allows them to alert consumers about alternative payment systems in Apple’s app store.
HP Inc. (HPQ) – HP Inc. it exceeded estimates by 16 cents with an adjusted quarterly profit of $ 1.00 per share, although earnings fell below analysts ’forecasts. The maker of personal computers and printers saw the global shortage of chips hampering its ability to meet demand, and the company said it sells everything it can produce. HP lost 4.6% in premarketing shares.
Dell Technologies (DELL): Dell reported adjusted quarterly earnings of $ 2.24 per share, 21 cents above estimates, and revenue also exceeded analysts’ projections. Dell benefited from the ongoing boom in demand for personal computers and said it is successfully meeting supply chain challenges. However, shares fell 1.8% in the pre-market.
Workday (WDAY): Workday earned $ 1.23 per share adjusted during its last quarter, with HR and cloud-based financial software provider also reporting better-than-expected revenue. Subscription revenue increased more than 23% over the previous year. Shares of the working day increased by 7.2% in premarket trade.
Marvel Technology (MRVL): Marvel reached 3 cents above estimates with an adjusted quarterly profit of 34 cents per share. However, the chip maker’s revenue only matched the street forecasts and its cost of goods sold rose from the previous year. Shares fell 3.6% in the premarket.
Ollie’s Bargain Outlet (OLLI): Ollie’s fell 13.3% in premarket trading after falling 3 cents below Wall Street forecasts with adjusted quarterly earnings of 52 cents per share. Discount retailer revenue also fell short, with comparable store sales down 28% from the previous year.
Johnson & Johnson (JNJ) – J&J will be allowed to separate its talc-related liabilities from the rest of its business after a judge declines to ban the company. Personal injury lawyers had tried to avoid the move, for fear it could bankrupt thousands of claims.
VMWare (VMW) – VMWare reported adjusted quarterly earnings of $ 1.75 per share, surpassing the consensus estimate of $ 1.64, while the enterprise software company’s revenue was slightly above forecasts for Wall Street. However, cloud-based business revenue did not reach some analysts ’forecasts and shares fell 5.7% in the premarket.