Restaurant Brands (QSR) stock rose 4% in premarket trading after the company reported better-than-expected quarterly results. Same-restaurant sales jumped 14%, well above the 8.3% rise predicted by analysts surveyed by FactSet.
Under Armour (UAA) shares rose 4.2% in premarket trading Thursday after the company reported better-than-expected earnings for its latest quarter, along with revenue that was roughly in line with Street forecasts.Despite cutting its full-year forecast for the impact from a stronger U.S. dollar and higher costs, Under Armour's better-than-expected earnings and revenue growth was enough to give investors confidence in the company.
Peloton's stock took a nosedive in premarket trading today, after the company reported wider-than-expected losses and revenue that came in below analyst expectations. Peloton also issued a weak forecast for the holiday quarter, sending shares tumbling 18.1%.
Moderna's stock dropped 11.9% in premarket trading after the company announced a quarterly profit of $2.53 per share, which fell short of analysts' expectations of $3.29. Moderna also lowered its annual forecast for sales of its Covid-19 vaccine.
Qualcomm's stock took a hit in premarket trading after the company issued a disappointing revenue forecast for the year ahead. Qualcomm's quarterly results were in line with analyst expectations, but its guidance for the coming year was below expectations.
Roku shares fell 18.5% in after-hours trading after the company said it expected advertising revenue and device sales to fall in the current quarter. The forecast is weighing on shares despite Roku reporting better-than-expected revenue and a larger-than-expected number of active accounts.
Robinhood Markets (HOOD) reported a smaller-than-expected quarterly loss and revenue that topped analyst forecasts, sending the stock up 2.9% in premarket trading. The online brokerage also lowered its operating expense forecast for the full year.
Booking Holdings (BKNG) stock rose by 5.1% in the premarket after the company posted better-than-expected results for its latest quarter. Booking Holdings also provided an upbeat outlook for the future, as travel demand remains strong.
According to the Wall Street Journal, investor Carl Icahn now holds a more than 8% stake in beverage can maker Crown Holdings (CCK). It is said that Icahn believes the company should buy back more stock and put non-core units up for sale. In response, Crown Holdings rallied 5.5% in the premarket.
eBay (EBAY) shares soared 6.7% in premarket trading Thursday after the e-commerce giant posted better-than-expected results for its latest quarter.The company's sales of refurbished goods and luxury offerings helped give it a boost, leading to earnings and revenue that topped analysts' forecasts.
Etsy's stock shot up 9.3% in premarket trading after the company reported better-than-expected quarterly results, saying its business remained strong in a volatile economic environment.
As a leading independent research provider, TradeAlgo keeps you connected from anywhere.