[ad_1]
Take a look at some of the biggest players in the pre-market:
Okta (OKTA) – Okta posted a 10.5% gain in pre-market trading after announcing it was buying customer management software provider Auth0 for $ 6.5 billion in inventory. The identity management software provider also reported quarterly profit of 6 cents per share, compared to consensus forecasts of a loss of 1 cent per share. Okta also gave a weaker-than-expected current quarter profit forecast.
Marvell Technology (MRVL) – Marvell shares fell 5.9% in the pre-market after the chipmaker released a disappointing outlook and said chip supplies could remain tight throughout the market. exercise. Marvell matched the estimates with its latest quarterly results, with revenue exceeding analysts’ expectations.
Vroom (VRM) – Vroom fell 14.9% in pre-market after reporting a larger-than-expected loss for its final quarter, although the online used car seller’s revenue was above estimates.
BJ’s Wholesale (BJ) – The warehouse retailer earned 70 cents per share for its most recent quarter, beating the estimate of 67 cents per share. Revenue also beat expectations, and an increase in non-fuel same-store sales of 15.9% beat the 15.5% increase expected by analysts polled by FactSet. BJ’s declined to provide guidance for 2021 due to uncertainty over the pandemic. Its shares lost 1.6% in pre-marketing.
Burlington Stores (BURL) – The clothing and other merchandise retailer reported quarterly profit of $ 2.44 per share, 32 cents per share above estimates. Income also exceeded Wall Street forecasts. Comparable store sales were flat for the quarter compared to expectations of a 10% decline.
Ciena (CIEN) – The network equipment maker broke estimates by 7 cents per share, with quarterly profit of 52 cents per share. Income also exceeded analysts’ projections. Ciena shares fell 3.1% pre-market, despite beating expectations.
Rocket Companies (RKT) – Rocket shares have traded between gains and losses in pre-market trading, following strong swings over the past few days. Shares of parent company Quicken Loans plunged 33% on Wednesday after jumping 71% the day before, amid increased attention on online financial forums. Shares rose 1.8% in the pre-market.
CureVac (CVAC) – Shares of the German drugmaker rose 4.1% in the pre-market after Novartis (NVS) said it would help CureVac manufacture its Covid-19 vaccine once the drug is approved by regulators.
Walt Disney (DIS) – Disney plans to close about 60 of its physical Disney Stores in North America by the end of the year, as it focuses on its e-commerce business. There are currently around 300 stores around the world. Disney shares fell 1% in pre-market action.
General Electric (GE) – Shares of GE gained 2.2% in the pre-market after Morgan Stanley raised its share price target to a high of $ 17 per share from $ 13 per share, in part based on a potentially significant recovery in GE’s aviation segment.
Amazon.com (AMZN) – Amazon is in talks with the National Football League to offer a significant number of games exclusively on its Prime video service, according to people familiar with the matter who spoke with the Wall Street Journal. The deal could see Amazon paying $ 1 billion for exclusive rights to most Thursday games.
Snowflake (SNOW) – Snowflake lost nearly $ 199 million in the fourth quarter, more than double the loss a year ago for the cloud-based database software company. Revenue also more than doubled in the quarter, beating consensus expectations. Following a record-breaking IPO for a software company last year, the block on the sale of insider shares will expire tomorrow.
American Eagle (AEO) – American Eagle broke estimates of 3 cents per share, with quarterly earnings of 39 cents per share. The clothing retailer’s revenue is slightly higher than Wall Street forecast. American Eagle is also forecasting its best sales for the first quarter in three years, driven by the growth of its loungewear and lingerie brand Aerie. American Eagle grew 2.2% in pre-release.
Walmart (WMT) – Walmart’s Flipkart unit explores idea of US listing, possibly through Special Purpose Acquisition Company (SPAC) merger, people close to it say of the dossier who spoke with Bloomberg. Walmart bought a controlling stake in the India-based e-commerce company in 2018.
Splunk (SPLK) – The analytics software company reported quarterly profit of 38 cents per share, well above the consensus estimate of 4 cents per share. Splunk also generated better revenues than expected. Its shares rose 3.4% in pre-market trading.
[ad_2]
Source link