Let’s take a look at some of the biggest movers in the premarket:
Virgin Galactic (SPCE) – Virgin Galactic’s share price fell 19.9% due to pre-market movements.the company Lost 55 cents per share In the latest quarter, it more than doubled the 27-cent stock loss that analysts expected. Billionaire’s Richard Branson’s space flight company also said it was evaluating the timeline for its next test flight because of the need to analyze Eve’s maternal wear problem.
Callaway Golf (ELY) – Callaway jumped 7.5% in pre-market trading, with quarterly earnings of 62 cents per share, well above the stock consensus estimate of 14 cents. Sales from golf equipment and apparel makers were also well above expectations, and Callaway said demand for its products became “unprecedented” as the pandemic receded.
L brand (LB) – Retailers Spin off Victoria’s Secret Operation Instead of selling it. L Brands will be split into two public companies, Victoria’s Secret and Bath & BodyWorks. This move occurs after Victoria’s Secret bids fall short of what Elbrands expected. The plan was first reported in the New York Times deal book. L Brands shares fell 1.9% in pre-market transactions.
Palantir Technologies (PLTR) – Data analytics company forecasts Wall Street Quarterly earnings of 4 cents per share, While earnings exceeded estimates. He also said he expects annual revenue growth of more than 30% by 2025. Stocks fell 6.6% in pre-market behavior.
Hanesbrands (HBI) – Apparel makers earned 39 cents per share in the last quarter, surpassing the per-share consensus estimate of 26 cents. Revenues were slightly above analysts’ expectations, but both quarterly and full-year forecasts were below expectations. Its inventory fell 11.3% in the premarket. Hanesbrands also announced a three-year plan aimed at increasing sales and profitability.
Perigo (PRGO) – Manufacturers of consumer self-care products confirmed inventory fell by 3% in pre-market transactions after quarterly profits and revenues fell below Wall Street consensus. Perigo reaffirmed previous full-year forecasts and noted a rigorous comparison with a year ago when consumers stocked up their products as a pandemic took hold.
RealReal (REAL) – Luxury consignment sellers were in line with Street’s forecast, losing 49 cents per share quarterly, and revenues exceeded estimates. Research firm BTIG acknowledged the company’s strong first quarter in a new analyst report, but downgraded its shares from “buy” to “neutral” due to a lack of forward catalysts. Pre-market stock prices fell 6.4%.
Roblox (RBLX) – Roblox reported a 161% increase in quarterly bookings for gaming platform companies. First report since publication.. Roblox’s gaming activity surged in the pandemic as more people played games such as “Jailbreak” and “MeepCity” and spent much of the company’s “Robux” digital currency on in-game purchases. Stocks rose 2% in pre-market transactions.
Novavax (NVAX) – Novavax strains fell 11.9% pre-marketing after pharmaceutical companies postponed their schedule to seek approval for the Covid vaccine. Novavax just said it No regulatory approval applied Up to the third quarter in the US, UK and Europe, the full production timeline has also been postponed from the third quarter to the fourth quarter.
Simon Property (SPG) – Simon Properties Reported quarterly earnings of $ 1.36 per share, 40 cents above the consensus forecast, but the mall operator’s revenue was slightly above the estimate. However, Simon has also lowered its full-year forecast, saying that occupancy will not return to 2019 levels by 2022 at the earliest. The stock fell 3.6% in pre-market trading.
3D system (DDD) – 3D Systems earned 17 cents per share in the last quarter, surpassing the consensus estimate of 2 cents per share. 3D printer makers’ revenues also exceeded Wall Street’s expectations. 3D Systems said it improved profit margins through expense management. Its share surged 9.2% in the premarket.
NortonLifeLock (NLOK) – NortonLifeLock’s share price rose 2.5% in pre-market action after surpassing both top-line and bottom-line estimates in the last quarter. Cybersecurity companies also announced a $ 1.5 billion increase in their share buyback program.
Virgin Galactic, Callaway Golf, Palantir, etc.
Source link Virgin Galactic, Callaway Golf, Palantir, etc.