Take a look at the businesses making headlines earlier than the bell:
Restaurant Manufacturers (QSR) – The mother or father of Burger King, Tim Hortons and Popeyes noticed its inventory rally 4% in premarket buying and selling after the corporate reported better-than-expected quarterly outcomes. Identical-restaurant gross sales jumped 14%, effectively above the 8.3% rise predicted by analysts who had been surveyed by FactSet.
Below Armour (UAA) – Below Armour jumped 4.2% in premarket motion after the attire maker reported better-than-expected earnings for its newest quarter, together with income that was roughly in keeping with Avenue forecasts. The rise comes regardless of Below Armour slicing its full-year forecast for the influence from a stronger U.S. greenback and better prices.
Peloton (PTON) – The health gear maker’s inventory tumbled 18.1% in premarket buying and selling after it reported a larger-than-expected quarterly loss and income that fell in need of analyst predictions. Peloton additionally issued a weaker-than-expected vacation quarter forecast.
Moderna (MRNA) – The drug maker’s inventory slumped 11.9% in premarket motion after Moderna reported a quarterly revenue of $2.53 per share, effectively beneath the consensus estimate of $3.29. The corporate additionally minimize its annual forecast for Covid-19 vaccine gross sales.
Qualcomm (QCOM) – Qualcomm slumped 8.3% within the premarket after it gave a worse-than-expected income outlook as smartphone shipments slid. The chip maker additionally reported quarterly income and revenue that had been in keeping with Wall Avenue forecasts.
Roku (ROKU) – Roku shares tumbled 18.5% in off-hours buying and selling after the maker of video streaming units stated it anticipated promoting income and machine gross sales to fall within the present quarter. The forecast is weighing on shares regardless of Roku reporting better-than-expected income and a larger-than-expected variety of lively accounts.
Robinhood Markets (HOOD) – Robinhood rose 2.9% in premarket buying and selling after the net brokerage reported a smaller-than-expected quarterly loss and income that topped analyst forecasts. Robinhood additionally lowered its working expense forecast for the total 12 months.
Reserving Holdings (BKNG) – Reserving Holdings rose by 5.1% within the premarket after the journey providers firm posted prime and backside line beats for its newest quarter. It additionally posted an upbeat outlook as journey demand stays robust.
Crown Holdings (CCK) – Investor Carl Icahn now holds a greater than 8% stake within the beverage can maker, in keeping with the Wall Avenue Journal, and is alleged to imagine the corporate should purchase again extra inventory and put non-core models up on the market. Crown Holdings rallied 5.5% within the premarket.
eBay (EBAY) – eBay surged 6.7% in premarket buying and selling after the e-commerce firm reported better-than-expected outcomes for its newest quarter, boosted by gross sales of refurbished items and luxurious choices.
Etsy (ETSY) – Etsy inventory spiked 9.3% within the premarket after the net crafts market reported a better-than-expected quarter, saying its enterprise remained robust in a risky financial atmosphere.
