Take a look at the businesses making headlines earlier than the bell:
CVS Well being (CVS) – The pharmacy operator and pharmacy advantages supervisor noticed its shares rise 3.8% within the premarket after beating top- and bottom-line estimates and elevating its full-year earnings forecast. Outcomes have been helped by robust gross sales of over-the-counter Covid-19 assessments in addition to an upbeat efficiency by its insurance coverage unit.
Beneath Armour (UAA) – The athletic attire maker gained 2% in premarket motion regardless of chopping its full-year earnings forecast. Elevated promotional exercise and forex headwinds have impacted Beneath Armour’s revenue margins, however it did report earnings for its most up-to-date quarter that matched estimates and income that was barely forward of consensus.
Moderna (MRNA) – The vaccine maker reported better-than-expected revenue and income for its newest quarter and in addition introduced a $Three billion share repurchase program. Moderna additionally maintained its full-year gross sales outlook, and its inventory gained 2.6% in premarket motion.
Starbucks (SBUX) – Starbucks shares rose 1.8% within the premarket after it reported better-than-expected quarterly revenue and income. International comparable retailer gross sales did are available in beneath forecasts, nevertheless, resulting from weak point within the locked-down China market.
Sierra Wi-fi (SWIR) – The supplier of connectivity know-how agreed to be acquired by Canadian semiconductor maker Semtech for $31 per share in money or $1.2 billion. Sierra Wi-fi surged 7.8% within the premarket, whereas Semtech shares fell 1.5%.
Dish Community (DISH) – The satellite tv for pc TV firm added 1.3% in premarket buying and selling after reporting better-than-expected quarterly earnings. The underside-line beat got here regardless of a slight income miss and the lack of 257,000 pay TV subscribers in the course of the quarter.
SoFi (SOFI) – The fintech firm’s inventory soared 10.9% in premarket motion after it reported a smaller-than-expected loss and better-than-expected income. It additionally issued robust full-year income steering. Outcomes have been helped by a 91% soar in private mortgage origination quantity.
Match Group (MTCH) – Shares of the relationship service operator tumbled 21.4% within the premarket after it reported lower-than-expected quarterly outcomes and mentioned top-line progress can be flat in the course of the second half of the yr. Match additionally introduced the departure of Renate Nyborg, CEO of its Tinder unit.
Airbnb (ABNB) – Airbnb reported better-than-expected quarterly earnings with its income primarily in line, as journey demand boomed. Nevertheless, the inventory slid 7.3% in premarket buying and selling after it issued a lighter-than-expected bookings forecast for the present quarter.
