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Take a look at some of the biggest players in the pre-market:
GameStop (GME) – GameStop remains under scrutiny after another Reddit-fueled push on Wednesday in the video game retailer’s shares, as well as other so-called “Reddit shares” like BlackBerry (BB), AMC Entertainment (AMC) and Koss Corp. (KOSS). GameStop jumped 55.8% before release to market, while AMC was up 12.9%, BlackBerry 4.3% and Koss 81.3%.
Best Buy (BBY) – Shares of the electronics retailer fell 5.3% in pre-market trading after its revenue and comparable sales missed Wall Street forecasts for the holiday quarter then that the pandemic has fueled declining demand for electronics. Best Buy’s quarterly earnings of $ 3.48 per share, however, exceeded estimates by 3 cents per share.
Moderna (MRNA) – The drugmaker’s shares rose 2.9% in pre-market action, with quarterly revenue significantly exceeding estimates and forecasting $ 18.4 billion in vaccine sales Covid-19 this year. Moderna, however, reported a quarterly loss of 69 cents per share, higher than the 35 cents per share that analysts were predicting.
Wayfair (W) – The furniture and household goods seller earned $ 1.24 per share for its most recent quarter, above the consensus estimate of 86 cents per share. Revenue was slightly lower than Wall Street forecast, as was the number of orders and stocks fell 9% pre-market.
Norwegian Cruise Line (NCLH) – Shares of the cruise line operator rose 1.9% in the pre-market market after quarterly revenue was well above estimates, despite linked cruise halt at Covid-19. Its loss of $ 2.33 per share for its 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 is also forecasting higher profits for 2021, but the beer brewer said its profit margins would be affected by rising commodity costs. Its shares fell 5.3% in pre-market trading.
ViacomCBS (VIAC) – ViacomCBS came in 2 cents per share ahead of estimates, with quarterly profit of $ 1.04 per share. Revenue was basically in line with Wall Street forecasts. The company also said it has 30 million streaming subscribers, ahead of the scheduled March 4 launch of the Paramount + service which will replace the current CBS All Access service. Its shares fell 2.8% in pre-market shares.
Teladoc Health (TDOC) – Teladoc fell 6.5% in pre-market after reporting a loss of 27 cents per share for its most recent quarter, 3 cents per share larger than Wall Street had expected. Revenues of the video doctor visit provider are higher than estimated.
Nvidia (NVDA) – Nvidia reported quarterly earnings of $ 3.10 per share, compared to $ 2.81 per share. The company best known for its gaming chips has also seen revenues exceed estimates. Nvidia also predicted strong earnings for the current quarter, but stocks were down 2.6% in pre-market shares.
Fisker (FSR) – Fisker has reached an agreement with contract manufacturer Foxconn Technology to assemble cars for electric vehicle starting. The agreement calls for companies to jointly produce more than 250,000 vehicles per year. Shares fell 1% before market.
Pfizer (PFE) – The Covid-19 vaccine developed by Pfizer and BioNTech (BNTX) also works 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 preventing serious illness.
Verizon (VZ) – Verizon was the top bidder in a government auction of 5G waves, spending $ 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 came in at 4 cents per share ahead of estimates, with quarterly profit of 13 cents per share. The provider of enterprise memory storage systems also saw revenues exceed Wall Street forecasts. Pure Storage gave mixed predictions, but this was the first time it gave forward-looking indications since the start of the pandemic. Shares rose 2.5% in the pre-market.
L Brands (LB) – L Brands gained $ 3.30 a share for its most recent quarter, 12 cents a share above estimates. Victoria’s Secret parent’s income was lower than expected. L Brands, which also owns the Bath & Body Works chain, gave strong earnings guidance for the current quarter. L Brands grew 2.7% in pre-release.
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