Take a look at some of the biggest movers in the pre-market:
Lift (LIFT) – The company says that last week saw the highest level of steam volume since the pandemic took hold in March last year. As a result, Lyft expects to report a smaller quarterly loss than before. The lifting share jumped 5.6% in pre-market trading.
Las Vegas Sands (LVS) – The casino operator’s shares increased by 3% in the premium market after it announced a deal to sell their 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 Sands Expo and Convention Center. Apollo Global shares increased by 2.1%.
Wendy’s (WEN) – The restaurant chain missed estimates by one penny per share, with a quarterly earnings of 17 cents per share. Revenues also came in short with the forecasts. Global comparable sales increased by 4.7%, which is shy of the FactSet consensus estimate of 5.7%, mainly due to international weakness. Its shares fell by 3.3% in the primary market.
Dollar trees (DLTR) – The discount retailer earned $ 2.13 per share for the fourth quarter, beating estimates by 2 cents per share. Revenues were largely in line with expectations. Comparable store sales increased by 4.9%, less than the 5.5% estimate of analysts surveyed by FactSet. The company’s shares fell by 2% in the primary market.
Hewlett Packard Enterprise (HPE) – HPE beat estimates by 11 cents per share, with a quarterly earnings of 52 cents per share. The company’s computer hardware manufacturers’ revenues also exceeded the forecasts. The company issued strong guidelines for both the current quarter and full year, as it continues to benefit from the pandemic-inspired digital transformation.
Box (BOX) – Box reported quarterly earnings of 22 cents per share, 5 cents per share above estimates. Revenues also beat the projections. The online data storage company also issued a better-than-expected full-year outlook and expects the current quarter to have revenues in excess of $ 200 million for the first time.
Nordström (JWN) – Nordstrom earned 21 cents per share for its most recent quarter, 7 cents per share above estimates. The reseller also reported better-than-expected revenue. Nordstrom received help from an increase in digital sales and a growth in its off-price business, but the retailer warned that it would need to clear excess holiday inventory through that off-price channel. Shares fell by 2.6% relative to the market.
FuboTV (FUBO) – FuboTV reported quarterly revenue over $ 100 million for the first time, with the live sports streaming company reporting better-than-expected sales of $ 105.1 million. The number of subscribers increased 73% from a year earlier to a total of 548,000. Its shares fell by 4% in the primary market, however, after a nearly 50% year-on-year.
Rocket company (RKT) – Rocket shares have been volatile in pre-market trading after more than doubling in the last three sessions. The Quicken Loans and Rocket Mortgage parent has received increasing attention in online forums, with investors noting the high level of short-term interest. Rocket shares fell by 5.5% relative to the market.
Urban Outfitters (URBN) – Urban Outfitters beat estimates by 2 cents per share, with a quarterly result of 30 cents per share. However, clothing retailer revenues fell slightly below Wall Street forecasts and gross profit margins fell more than 3 percentage points from a year earlier. Its shares fell by 1.6% in the primary market.
Ross Stores (ROST) – Ross Stores fell 3.1% in the futures market after reporting a quarterly earnings of 67 cents per share, below the $ 1.00 per share consensus estimate. The discount retailer’s revenue also came under estimates, damaged by pandemic-related store closures in California.