Check out some of the major premarket engines:
Foot Locker (FL): Foot Locker shares fell 12.1% in pre-market trading after quarterly revenues fell below street forecasts and comparable store sales fell unexpectedly. The sportswear and footwear retailer also reported a quarterly profit of $ 1.55 per share, beating the consensus by 20 cents a share.
DraftKings (DKNG): Shares of online sports gaming company rose 3.2% in pre-market after DraftKings reported better-than-expected quarterly revenue and increased full-year revenue forecast . The company said it is experiencing a substantial increase in user activation due to marketing expenses and further legalization of the sports game.
Cinemark (CNK) – The shares of the cinema operator fell 2.6% in pre-market shares after recording a larger-than-expected loss over the last quarter. Cinemark was hit by pandemic-related theater closures, although quarterly revenues exceeded Wall Street forecasts.
Salesforce.com (CRM): Salesforce earned $ 1.04 per share over the past quarter, surpassing the consensus estimate of 75 cents per share. Revenue also exceeded forecasts, but the business software giant gave a weaker-than-expected full-year profit forecast. Analysts also express concern about the impact of the acquisition of the Slack messaging platform (WORK) by the company. Shares of Salesforce fell 4.4% in the premarket.
Rocket Companies (RKT): The parent company of Quicken Loans and other financial services offerings reported quarterly earnings of $ 1.09 per share, compared to a consensual estimate of 87 cents per share. Revenue also exceeded forecasts. Rocket completed a one-year record mortgage volume and announced it would pay a special dividend of $ 1.11 per share. Rocket shares rose 9.1% in pre-market trading.
AT&T (T) – AT&T is deriving its pay-TV and DirecTV services from an independent company, with private equity firm TPG Capital owning 30% of the new entity. The deal will provide AT&T with $ 8 billion in cash, which it will use to repay the debt. The deal values pay-TV services at $ 16.25 million combined, compared to the $ 66 billion AT&T paid for DirecTV alone in 2015.
Beyond Meat (BYND): Beyond Meat signed a three-year deal to be the preferred supplier of McDonald’s “McPlant” vegetable burger (MCD), and also signed an exclusive supply agreement with Yum Brands (YUM), father of Taco Bell. Investors ’enthusiasm for the operations helped erase the losses the shares had previously seen after Beyond Meat reported a larger-than-expected quarterly loss. Shares of Beyond Meat jumped 6.2% in premarket trading.
Airbnb (ABNB) – Airbnb posted a loss in its first quarter as a public company, but the company saw better-than-expected revenue as the pandemic prompted consumers to take local travel.
Etsy (ETSY): Etsy earned $ 1.08 per share during its last quarter, well above the 59 cents consensus estimate. The online craft market also meant revenue exceeded Wall Street forecasts. Etsy also issued an optimistic forecast for the current quarter and its shares rose 6% in premarketing shares.
DoorDash (DASH) – DoorDash recorded better-than-expected sales during the fourth quarter, tripling from the previous year’s levels as the pandemic sparked an increase in restaurant delivery orders. However, DoorDash predicts a slowdown in orders, as Covid-19 vaccines are developed. Its shares fell 11.4% in premarket trading.
Nikola (NKLA) – Nikola shares fell 2.1% in the pre-market after the electric vehicle maker said in a statement from the Securities and Exchange Commission that founder Trevor Milton had made several inaccurate statements about his technology . Earlier, Nikola had refused to issue misleading communications to the public.
WW International (WW): WW earned 18 cents per share during its last quarter, below the estimated 32 cents per consensus. Weight Watchers ’parents’ income exceeds estimates. WW is experiencing strong growth in digital subscriptions, but is declining when its virtual workshops are included. Shares sank 9.7% in the premarket.
Workday (WDAY): Workday reported quarterly earnings of 73 cents per share, exceeding the estimated 55 cents per consensus. The revenue of the human resources software company exceeded the forecasts slightly above. Workday issued a weaker-than-expected subscription sales forecast during this fiscal year, pushing its shares down 7.2% in pre-market trading.
Groupon (GRPN): The daily trading firm nearly doubled the estimated 26 cents per share consensus with quarterly earnings of 51 cents per share. Revenue also exceeded Wall Street forecasts. Its shares jumped 13.1% in the premarket.