Check out some of the most important premarket engines:
Deere (DE): The heavy equipment maker earned $ 3.87 per share during the first fiscal quarter, compared to a consensus estimate of $ 2.14 per share. Revenue also exceeded forecasts and Deere raised its year-over-year profit forecasts amid improvements in the agricultural and construction sectors. Deere shares jumped 6.2% in premarket trading.
Roku (ROKU): Roku shares rose 1.4% in the pre-market, after reporting a quarterly profit of 49 cents per share, compared to the agreed-upon loss forecast of 6 cents per share. The revenue of the streaming video device maker also exceeded forecasts, amid a 58% increase, as consumers trapped at home during the pandemic sought more video entertainment.
Uber Technologies (UBER): The travel company lost a key case in the UK, where a Supreme Court judge upheld a labor court ruling that said Uber drivers were workers and not hired workers. Uber fell 1.9% in premarketing stock.
Dropbox (DBX): Dropbox reached 4 cents per share ahead of estimates, with quarterly earnings of 28 cents per share. The cloud storage company’s revenue also came in above Wall Street projections. Dropbox had a higher-than-expected number of paid users during the quarter, as well as better-than-expected revenue per user. However, it also forecast full-year revenue below analysts ’forecasts, and shares fell 3.4% ahead of the market.
Applied Materials (AMAT): Applied materials earned $ 1.39 per share during the fourth quarter, compared to a consensus estimate of $ 1.28 per share. Revenue also exceeded forecasts. The semiconductor manufacturing equipment maker also gave an optimistic forecast for the current quarter as chip makers try to accelerate production to cope with global shortages. Applied materials jumped 5% in premarket trade.
Novavax (NVAX) – Drug maker’s stock rose 10.6% in pre-market after agreeing with global vaccine alliance Gavi to supply 1.1 billion doses of its Covid-19 vaccine to an international vaccination effort .
TripAdvisor (TRIP): TripAdvisor reported a quarterly loss of 41 cents per share, greater than the 26 cents loss of shares that analysts predicted. The revenue of the travel website operator exceeds estimates and the company noted that the accumulated demand for travel and the positive evolution of vaccines should lead to better results this year. Its shares fell 2.4% in premarket trading.
Pfizer (PFE): The Covid-19 vaccine developed by Pfizer and BioNTech (BNTX) was 85% effective after the first dose, according to a study by Israeli health workers published in The Lancet. As with a Moderna vaccine (MRNA), patients receive two doses of the Pfizer vaccine for maximum protection.
Royal Caribbean (RCL) – Royal Caribbean said it will restrict the payment of cash dividends and the purchase of securities until the third quarter of 2022, due to changes in the cruise line operator’s loan agreements. Last year it had suspended dividends and rewards when the pandemic closed cruise business.
IBM (IBM) – IBM is considering a possible sale of its IBM Watson Health business, according to people familiar with the matter who spoke to The Wall Street Journal. Alternatives could include a sale to a privately held company or other healthcare company, or a merger of the unit with a special purpose acquisition company.
Texas Roadhouse (TXRH): The restaurant chain earned 28 cents per share during the fourth quarter, below the estimated 49 cents per consensus. Revenue also came out of analysts ’forecasts. Texas Roadhouse said weekly sales levels weakened during the latter part of the quarter as a resurgence of the Covid-19 forced it to close some locations. Shares of Texas Roadhouse fell 3.5% ahead of the market.
Planet Fitness (PLNT): The gym operator’s quarterly earnings fell 5 cents per share, with no consensus, as it reported a profit of 17 cents per share. Revenue also fell in estimates. Sales at the same location fell more than expected and Planet Fitness did not provide prospects for 2021 due to the uncertainty surrounding the Covid-19 pandemic. Shares fell 2.5% in premarket trading.
Rackspace (RXT): Rackspace topped estimates by 3 cents with a quarterly profit of 26 cents per share. Revenue also hovered above forecasts, although the cloud service provider issued a weaker-than-expected full-year earnings forecast. Its shares fell 9.7% in premarketing stock.