Check out some of the major premarket engines:
Lands’ End (LE): The clothing retailer reported quarterly earnings of 60 cents per share, surpassing 56 cents a consensual estimate of the stock. Revenue also exceeded analysts ’forecasts. Lands ’End predicts a lower-than-expected loss for the current quarter and full-year gains that exceed the consensus. Its shares jumped 6.7% in premarket trading.
Lennar (LEN) – Lennar reported quarterly earnings of $ 2.04 per share, surpassing the consensus estimate of $ 1.71 per share. The builder’s income also exceeded estimates, helped by low interest rates and strong demand. The company said demand remains strong despite a recent rate hike. Lennar added 1% to the premarket.
Coupa Software (COUP): Coupa gained 17 cents per share in the last quarter, compared to expectations of a loss of 11 cents per share. The revenue of the financial management software provider exceeded forecasts, despite what the company calls a difficult macroeconomic environment. Coupa shares rose 2% in premarket trading.
CrowdStrike (CRWD): CrowdStrike exceeds estimates by 5 cents per share, with quarterly earnings of 13 cents per share. Revenue also exceeded estimates. The security software company also issued an optimistic outlook. Its shares gained 4.9% in premarketing shares.
Uber Technologies (UBER) – Uber will grant its British drivers the working condition that will entitle them to holiday pay and pension contributions, after the lure service has lost the final appeal of a case related to driver classification. Uber shares fell 1.6% in premarket trading.
Plug Power (PLUG): Plug Power shares fell 18.6% in the pre-market after saying it will reaffirm its financial results for 2018 and 2019, as well as some recent quarterly submissions. The fuel cell maker said it detected errors in the way it explained various items that were not effective, but added that it found no misconduct.
Coherent (COHR) – The laser maker said it had received a revised takeover bid from optical component maker Lumentum (LITE) for $ 6.9 billion in cash and shares. This is Coherent’s eighth bid in a tender for the acquisition of Lumentum, II-VI (IIVI) and MKS Instruments (MKSI). Coherent shares jumped 3.7% in premarket trading.
Pinduoduo (PDD) – China-based e-commerce company reported a 146% increase in quarterly revenue that exceeds analysts ’estimates. Pinduoduo also surpassed Alibaba (BABA) as China’s largest e-commerce company, with 788.4 million active users in 2020 compared to Alibaba’s 779 million. Its shares initially rose in the news premarket, but then fell 5.8%.
Baidu (BIDU) – Baidu will have to raise about $ 3.1 billion from the Hong Kong list of China-based Internet search company, people with direct knowledge of the matter told Reuters. Previously, Baidu was expected to raise about $ 3 billion from the list. Shares of Baidu fell 1.9% in the premarket.
Micron Technology (MU): Micron plans to sell a Utah chip factory that manufactured a type of memory chip called 3D Xpoint, which it jointly developed with Intel (INTC) in 2012. It plans to exit the 3D Xpoint market in due to low customer demand.
Catalent (CTLT) – Catalent plans a major expansion of Covid-19 vaccine production in Europe, people familiar with the matter told The Wall Street Journal. The contracted drug manufacturer will double production of Johnson & Johnson (JNJ) vaccine by starting a new production line at an Italian plant during the fourth quarter.
FirstEnergy (FE): First Energy confirmed that the company had reached an agreement with activist investor Carl Icahn, which gave him two seats on the board and prevented a possible representative fight. The deal had previously been reported by the Wall Street Journal. FirstEnergy rose 1.4% in premarket trading.