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Take a look at some of the biggest players in the pre-market:
Lyft (LYFT) – The rideshare company said last week saw the highest level of transport volume since the pandemic took hold last March. As a result, Lyft plans to report a smaller quarterly loss than it previously projected. Lyft shares jumped 5.6% in pre-market trading.
Las Vegas Sands (LVS) – Shares of the casino operator rose 3% in the pre-market after an agreement was announced to sell its properties in Las Vegas to private equity firms Apollo Global ( APO) and VICI Properties for $ 6.25 billion. The sale includes the Venetian Resort Las Vegas and the Sands Expo and Convention Center. Apollo Global shares rose 2.1%.
Wendy’s (WEN) – The restaurant chain missed estimates of a penny a share, with quarterly profit of 17 cents a share. Revenues are also below expectations. Global comparable sales increased 4.7%, down from FactSet’s consensus 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 for the fourth quarter, beating estimates by 2 cents per share. Sales were essentially in line with expectations. Comparable store sales rose 4.9%, below the estimate of 5.5% by analysts polled by FactSet. The company’s shares fell 2% on pre-market.
Hewlett Packard Enterprise (HPE) – HPE broke estimates of 11 cents per share, with quarterly profit of 52 cents per share. Revenue for the enterprise computer hardware maker also exceeded expectations. The company has released a strong forecast for the current quarter and full year as it continues to benefit from the digital transformation inspired by the pandemic.
Box (BOX) – Box reported quarterly profit of 22 cents per share, 5 cents per share above estimates. Income also exceeded expectations. The online data storage company also posted a better-than-expected annual outlook and expects the current quarter to see revenue above $ 200 million for the first time.
Nordstrom (JWN) – Nordstrom gained 21 cents per share for its most recent quarter, 7 cents per share above estimates. The retailer also reported better-than-expected earnings. Nordstrom has been helped by an increase in digital sales as well as the growth of its non-price operations, but the retailer has warned it should eliminate excess holiday inventory through this non-price channel. Shares fell 2.6% in pre-market shares.
FuboTV (FUBO) – FuboTV first reported quarterly revenue of over $ 100 million, with live sports broadcaster reporting revenue of $ 105.1 million higher than expectations. The number of subscribers jumped 73% from the previous year to a total of 548,000. Its shares, however, fell 4% in the pre-market, after jumping almost 50% since the beginning. of the year.
Rocket Companies (RKT) – Rocket shares have been volatile in pre-market trading after more than doubling in the past three sessions. Parent company Quicken Loans and Rocket Mortgage is gaining more and more attention in online forums, with investors noting the high level of short-term interest. Rocket shares fell 5.5% in pre-market share.
Urban Outfitters (URBN) – Urban Outfitters broke estimates by 2 cents per share, with quarterly profit of 30 cents per share. The clothing retailer’s revenue fell slightly below Wall Street’s forecast, however, and gross profit margins fell more than 3 percentage points from a year earlier. Its shares fell 1.6% on pre-market.
Ross Stores (ROST) – Ross Stores sank 3.1% in the pre-market after reporting quarterly earnings of 67 cents per share, below the consensus estimate of $ 1.00 per share. The discount retailer’s revenue was also lower than estimated, penalized by store closings linked to the California pandemic.
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