Check out some of the most important premarket engines:
Zoom Video (ZM): Zoom reported quarterly earnings of $ 1.36 per share, 20 cents per share above estimates. Revenue also exceeded forecasts and topped $ 1 billion for the first time. Growth rates have slowed compared to the meteorological levels that began when the pandemic began in 2020. Its shares fell 11.3% in the pre-market.
Robinhood (HOOD): Robinhood fell another 2.8% in premarket trading, following a 6.9% drop on Monday. The trading platform operator was pressured into action after CNBC reported that PayPal (PYPL) was exploring the launch of its own stock trading platform, as well as comment from SEC President Gary Gensler , that the ban on payment of order flow, which constitutes most of the Robinhood revenue – were “on the table.”
Designer Brands (DBI): The footwear retailer formerly known as DSW reported quarterly earnings of 56 cents per share, compared to a consensus estimate of 24 cents per share. Revenue was well above Wall Street forecasts. Sales in comparable stores increased 84.9%, more than the 62.2% increase forecast by analysts surveyed by StreetAccount. Its shares rose 7.5% in premarket trading.
Chico’s FAS (CHS): The clothing retailer’s shares rose 4.5% after the company reported an unexpected quarterly profit. Chico’s gained 21 cents per share, compared to the agreed-upon estimates of a loss of 8 cents per share. Revenue was also well above estimates. Chico’s said the results represented the company’s best second quarter in eight years.
Textron (TXT): Textron added 1.8% in premarketing shares after Cowen upgraded shares to “outperform” “market performance,” based in part on strong commercial jet demand as well as an opportunity “undervalued” in the electric helicopter market.
Uber Technologies (UBER) – Russian technology company Yandex (YNDX) announced an agreement to buy Uber’s interest in several joint food delivery and promotion companies for $ 1 billion. Uber changed little in the primary market, but Yandex gained 1.2%.
Virgin Galactic (SPCE): Virgin Galactic gained 3.3% in the pre-market after Jefferies started coverage of the space travel company with a “buy” rating. Jefferies points to the forecast to increase Virgin Galactic’s capacity as well as the rapidly growing demand.
Square (SQ): Square plans to offer a new paid version of its billing software called Invoices Plus, according to ads shared with some vendors and seen by TechCrunch. The new service will offer some advanced features that had been tested over the past year in limited testing.
Support.com (SPRT) – Support.com continues to watch, after firing 38% on Monday, tripling last week and bringing its profit to date by more than 1,500%. The shares of the tech support company are among the very short stocks that have been targeted by investors on social media. Shares added another 4.4% in premarket trading.
Moderna (MRNA): Moderna’s Covid-19 vaccine produced more than twice as many antibodies as the Pfizer-BioNTech vaccine, according to a study published in the Journal of the American Medical Association. Moderna’s actions had been pressured following the suspension of 1.63 million doses in Japan over contamination issues, and the temporary arrest of two batches of vaccines in Gunma and Okinawa prefectures, which were finally cleared. to distribute them. Modern rose 1.4% in the pre-market.
NetEase (NTES): NetEase reported better-than-expected earnings during its last quarter, with a China-based online gaming company seeing revenue in line with forecasts. Shares had fallen 3.4% on Monday amid new restrictions imposed by the Chinese government on online gaming. NetEase gained 2.1% in the premarket.