Check out some of the major premarket engines:
GameStop (GME): GameStop continues to watch after another rise fueled by Reddit on Wednesday in the shares of video game retailer, as well as other so-called “Reddit shares” such as BlackBerry (BB), AMC Entertainment (AMC) and Koss Corp. (KOSS). GameStop rose 55.8% premarket, while AMC rose 12.9%, BlackBerry gained 4.3% and Koss shot up 81.3%.
Best Buy (BBY): Electronics retailer shares fell 5.3% in pre-market trading after comparable store revenue and store sales missed Wall Street forecasts for the holiday quarter, already that the pandemic fueled the demand for electronics. Best Buy’s quarterly earnings of $ 3.48 per share exceeded estimates of 3 cents per share, however.
Moderna (MRNA) – Drug maker shares rose 2.9% in pre-market shares as its quarterly revenue far exceeded estimates and projected $ 18.4 billion in Covid-19 vaccine sales this year . However, Moderna reported a quarterly loss of 69 cents per share, greater than 35 cents, a stock loss that analysts predicted.
Wayfair (W): The seller of furniture and household items earned $ 1.24 per share over the last quarter, above the agreed-upon estimate of 86 cents per share. Revenue was slightly below Wall Street forecasts, as were the number of orders and stocks down 9% before the market.
Norwegian Cruise Line (NCLH) – Cruise line operator shares rose 1.9% in the pre-market after quarterly revenues were well above estimates, despite the closure of cruise lines related to Covid-19. Its loss of $ 2.33 per share over the last quarter was slightly higher than the consensus estimate of a loss of $ 2.17 per share.
Anheuser-Busch InBev (BUD) – Anheuser-Busch reported better-than-expected earnings and revenue for the fourth quarter. The company also forecast higher profits for 2021, but the brewery said its profit margins would be affected by higher raw material costs. Its shares fell 5.3% in premarket trading.
ViacomCBS (VIAC) – ViacomCBS reached 2 cents per share ahead of estimates, with a quarterly profit of $ 1.04 per share. Revenue essentially matched Wall Street forecasts. The company also said it had 30 million subscribers streaming, ahead of its March 4 launch of the Paramount + service that will replace the current CBS All Access service. Its shares fell 2.8% in premarketing stock.
Teladoc Health (TDOC): Teladoc fell 6.5% in premarket trading after recording a loss of 27 cents per share over the last quarter, 3 cents a share broader than Wall Street expected. Video medical visit provider revenue exceeded estimates.
Nvidia (NVDA): Nvidia reported quarterly earnings of $ 3.10 per share, compared to a consensus estimate of $ 2.81 per share. The company best known for its game chips also yielded revenue estimates. Nvidia also forecast strong revenue for the current quarter, but shares fell 2.6% in pre-market shares.
Fisker (FSR): Fisker reached an agreement with contract manufacturer Foxconn Technology to assemble cars for the start-up of electric vehicles. The agreement calls for companies to jointly produce more than 250,000 vehicles a year. Shares fell 1% before the market.
Pfizer (PFE): The Covid-19 vaccine developed by Pfizer and BioNTech (BNTX) works equally well in all age groups, according to an Israeli study. It provided 94% protection against the development of coronavirus symptoms one week after the second dose of the vaccine and 92% effective in the prevention of serious diseases.
Verizon (VZ): Verizon was the highest bidder in a government auction of 5G waves, which spent $ 45.5 billion, while AT&T (T) offered $ 23.4 billion and T-Mobile US (TMUS) offered $ 9.3 billion.
Pure Storage (PSTG): Pure storage reached 4 cents per share ahead of estimates, with a quarterly profit of 13 cents per share. The enterprise memory storage system provider also surpassed projected revenue on Wall Street. Pure Storage made a mixed prediction, but it was the first time it gave an advanced guide since the pandemic began. Shares gained 2.5% in the premarket.
L Brands (LB): L Brands earned $ 3.30 per share over the last quarter, 12 cents per share above estimates. Victoria’s Secret parents’ income was lower than expected. L Brands, who also owns Bath & Body Works, gave strong guidance on earnings for the current quarter. L Brands rose 2.7% in the premarket.