Check out the companies that make news before the bell:
Walmart (WMT): Walmart reported adjusted quarterly earnings of $ 1.39 per share, which includes a 7-cent impact of the UK tax refund. The consensus estimate had been $ 1.50. Revenue exceeded forecasts and comparable sales in the U.S., excluding fuel, rose 8.6% compared to the FactSet estimate of 5.8%. Retail shares fall 5% ahead of the market.
Hormel Foods (HRL): Food producer stocks are up 2.2% ahead of the market after earnings matched estimates of 41 cents per share and revenue exceeded Wall Street forecasts. Hormel also said he is increasingly optimistic about year-round sales and profit growth.
Marriott (MAR) – Marriott avoided recent trends in hotel chains by surpassing street estimates, earning 12 cents per share adjusted during its last quarter compared to a consensus estimate of 11 cents. Revenue lost forecast as the company continues to be hit by the pandemic.
Waste Management (WM): Waste management shares increase 1% ahead of market after waste transportation company exceeds estimates by 4 cents with adjusted quarterly profit of $ 1.13 per share , and revenue also exceeds estimates. Waste management also increases its dividend by 12 cents a year to $ 2.30 per share.
Tilray (TLRY) – Tilray lost 2 cents per share adjusted during its last quarter, lower than the 15-cent loss predicted by Wall Street analysts, while the cannabis producer’s revenue exceeded estimates. The results are ahead of Tilray’s planned merger with rival Aphria (APHA), which is expected to close in the second quarter. Shares increase 4% in premarketing shares.
SunPower (SPWR): SunPower doubled consensus estimates with adjusted quarterly earnings of 14 cents per share, although the solar company’s revenue fell below forecasts. SunPower also issued a weaker-than-expected current quarterly guidance and its shares fell 7.1% in premarket trading.
Twilio (TWLO) – Twilio rises 9.5% ahead of the market after reporting an adjusted profit of 4 cents per share over the last quarter, surprising analysts who had expected the cloud computing platform provider reported a loss of 8 cents per share. Revenue also exceeded street forecasts, with results aided by recent acquisitions and election-related business, as well as what Twilio calls “broad-based diversified strength.”
Baidu (BIDU) – Baidu saw quarterly revenue come in above analysts ’projections, with search engine ad sales soaring and the company’s cloud services saw increased demand. Baidu shares are down 1.2% this morning.
Sleep Number (SNBR): Sleep Number shares are up 12.7% ahead of the market after reporting quarterly earnings of $ 2.19 per share, surpassing the consensus estimate of $ 1.45, with revenue from mattress retailer that also exceeds estimates. Sleep Number also issued optimistic guidance for the entire year.
Tesla (TSLA): Tesla reduced the prices of the cheaper versions of its Model 3 and Model Y vehicles, although it increased the prices of the high-end versions. Shares have fallen 2% before the market.
Nutrien (NTR) – Nutrien reported better-than-expected earnings in its last quarter as Canadian fertilizer maker saw increased demand between crop prices and farmers’ plans to plant more acres this year. year. Shares rose 3.8% before the market.
Fastly (FSLY): Fastly shares are under pressure, down 6.2% ahead of the market, after the cloud platform provider reported better-than-expected earnings and revenue over the past quarter, but issued a lower-than-expected forecast.
Tangier Factory Outlets (SKT): The mall operator has increased 3.1% after reporting a steady quarter, compared to forecasts of a loss of 2 cents per share, while revenue also exceed estimates. Tangier experienced an increase in foot traffic during the quarter, although lower employment rates continue to weigh on revenue.
Bloomin ‘Brands (BLMN) – Restaurant operator shares are down 4.1% ahead of the market before revenue falls below street forecasts for its final quarter. The company reported a tight equilibrium quarter, compared to loss forecasts of 2 cents per share.