[ad_1]
Here are the companies that are making headlines in pre-market commerce:
Zoom Video (ZM) – Video conferencing stock fell 7% despite Zoom reporting better-than-expected results for its third quarter. The company earned 99 cents per share on $ 777 million in revenue. Analysts polled by Refinitiv were looking for 76 cents per share and $ 694 million in revenue. The company’s forecast predicted slower quarter-over-quarter revenue growth.
Tesla (TSLA) – Electric vehicles stock rebounded more than 5% after the S&P Dow Jones indices explained how Tesla will be included in the S&P 500. Tesla will be added to the index in one step on December 21. planned to make the trip in two stages.
Exxon Mobil (XOM) – Shares of Exxon rose 2% in pre-market trading after the energy giant announced a more streamlined capital spending plan. The company also said it will write off up to $ 20 billion in assets.
Nio (NIO) – U.S. shares of Chinese electric vehicle stock rose 2% in pre-market trading after Nio said it delivered 5,291 vehicles in November, a monthly record for the company and up 109% d year after year. Goldman Sachs also upgraded the title from “neutral” to “sell.”
Sunnova Energy International (NOVA) – Solar shares fell more than 4% after Sunnova announced an offer of 7 million shares. The company said it would use the proceeds to pay off debt, among other things.
Pfizer (PFE) – Shares of the pharmaceutical company rose 2% in pre-market trading after Pfizer and its German partner BioNTech (BNTX) announced they would seek authorization for their Covid-19 vaccine in Europe . BioNTech said the vaccine, if approved, could be used in Europe by the end of the month.
Nikola (NKLA) – Electric vehicle stock continued to decline after Monday’s announcement of a cutback deal with General Motors (GM), and shares fell more than 3% in pre-market trading. RBC Capital Markets, which has a sector performance rating on the stock, lowered its price target from $ 19 to $ 17 a share.
—Michael Bloom of CNBC contributed to this story.
[ad_2]
Source link