Check out the businesses making headlines earlier than the bell:
CVS Health (CVS) – The drug retailer 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. Results had been helped by robust gross sales of over-the-counter Covid-19 assessments in addition to an upbeat efficiency by its insurance coverage unit.
Under Armour (UAA) – The athletic attire maker gained 2% in premarket motion regardless of slicing its full-year earnings forecast. Increased promotional exercise and foreign money headwinds have impacted Under 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 likewise introduced a $3 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. Global comparable retailer gross sales did are available under forecasts, nevertheless, attributable to weak point within the locked-down China market.
Sierra Wireless (SWIR) – The supplier of connectivity expertise agreed to be acquired by Canadian semiconductor maker Semtech for $31 per share in money or $1.2 billion. Sierra Wireless surged 7.8% within the premarket, whereas Semtech shares fell 1.5%.
Dish Network (DISH) – The satellite tv for pc TV firm added 1.3% in premarket buying and selling after reporting better-than-expected quarterly earnings. The bottom-line beat got here regardless of a slight income miss and the lack of 257,000 pay TV subscribers through 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 steerage. Results had been helped by a 91% leap 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 could be flat through the second half of the 12 months. 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. However, the inventory slid 7.3% in premarket buying and selling after it issued a lighter-than-expected bookings forecast for the present quarter.
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