Check out some of the most important premarket engines:
Lyft (LYFT) – The car transport company said last week saw the highest level of volition since the pandemic occurred last March. As a result, Lyft expects to report a lower quarterly loss than previously anticipated. Lyft shares jumped 5.6% in premarket trading.
Las Vegas Sands (LVS) – The shares of the casino operator rose 3% in the pre-market after announcing a deal to sell its Las Vegas properties to private equity firms Apollo Global (APO) and VICI Properties for $ 6.25 million. The sale includes The Venetian Resort Las Vegas and the Sands Expo and Convention Center. Shares of Apollo Global gained 2.1%.
Wendy’s (WEN): The restaurant chain lost estimates of one cent per share, with quarterly earnings of 17 cents per share. Revenues were also lower than forecast. Global comparable sales rose 4.7%, shy of FactSet’s consensual estimate of 5.7%, mainly due to international weakness. Its shares fell 3.3% in the pre-market.
Dollar Tree (DLTR): The discount retailer earned $ 2.13 per share during the fourth quarter, surpassing estimates by 2 cents per share. Revenue basically matched expectations. Comparable store sales rose 4.9%, below the 5.5% estimate by analysts surveyed by FactSet. The company’s shares fell 2% in the pre-market.
Hewlett Packard Enterprise (HPE): HPE surpassed estimates by 11 cents per share, with a quarterly profit of 52 cents per share. The revenue of the enterprise computer hardware manufacturer also exceeded forecasts. The company issued strong guidance for both the current quarter and the full year, as it continues to benefit from the pandemic-inspired digital transformation.
Box (BOX): Box reported quarterly earnings of 22 cents per share, 5 cents per share above estimates. Revenue also exceeded projections. The online data storage company also issued a better-than-expected full-year outlook and expects the current quarter to generate revenue above $ 200 million for the first time.
Nordstrom (JWN): Nordstrom earned 21 cents per share during its last quarter, 7 cents per share above estimates. The retailer also reported better-than-expected revenue. Nordstrom was helped by an increase in digital sales and the growth of its out-of-price operation, but the retailer warned that it should clean up excess holiday inventory through this out-of-price channel. Shares fell 2.6% in premarketing stock.
FuboTV (FUBO) – FuboTV recorded quarterly revenue of more than $ 100 million for the first time, with a live sports broadcast company recording sales of more than the expected $ 105.1 million. Subscriber figures rose 73% from a year earlier to a total of 548,000. However, its shares fell 4% in the market, after a jump of almost 50% year-on-year.
Rocket Companies (RKT): Rocket stocks have been volatile in premarket trading after more than doubling in the last three sessions. The parent of Quicken Loans and Rocket Mortgage loans has been gaining increasing attention in online forums, and investors have noticed the high level of short interest rates. Rocket shares fell 5.5% in premarketing shares.
Urban Outfitters (URBN): Urban Outfitters exceeded estimates by 2 cents per share, with quarterly earnings of 30 cents per share. However, clothing retailer revenue fell slightly below Wall Street forecasts and gross profit margins fell more than 3 percentage points from the previous year. Its shares fell 1.6% in the pre-market.
Ross Stores (ROST): Ross stores plunged 3.1% in the pre-market after reporting quarterly earnings of 67 cents per share, below the consensus-estimated $ 1.00. Discount retailer revenue also fell below estimates, hurt by pandemic-related store closures in California.