Take a look at the corporations making headlines ahead of the bell:
Eating place Manufacturers (QSR) – The father or mother 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 effects. Similar-restaurant gross sales jumped 14%, smartly above the 8.3% upward push predicted via analysts who had been surveyed via FactSet.
Below Armour (UAA) – Below Armour jumped 4.2% in premarket motion after the attire maker reported better-than-expected profits for its newest quarter, together with earnings that was once more or less in keeping with Boulevard forecasts. The upward push comes in spite of Below Armour reducing its full-year forecast for the affect from a more potent U.S. greenback and better prices.
Peloton (PTON) – The health apparatus maker’s inventory tumbled 18.1% in premarket buying and selling after it reported a larger-than-expected quarterly loss and earnings 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 benefit of $2.53 in step with proportion, smartly beneath the consensus estimate of $3.29. The corporate additionally lower 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 earnings outlook as smartphone shipments slid. The chip maker additionally reported quarterly earnings and benefit that had been in keeping with Wall Boulevard forecasts.
Roku (ROKU) – Roku stocks tumbled 18.5% in off-hours buying and selling after the maker of video streaming units mentioned it anticipated promoting earnings and software gross sales to fall within the present quarter. The forecast is weighing on stocks in spite of Roku reporting better-than-expected earnings and a larger-than-expected selection 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 earnings that crowned analyst forecasts. Robinhood additionally reduced its working expense forecast for the entire 12 months.
Reserving Holdings (BKNG) – Reserving Holdings rose via 5.1% within the premarket after the trip services and products corporate posted most sensible and base line beats for its newest quarter. It additionally posted an upbeat outlook as trip call for stays robust.
Crown Holdings (CCK) – Investor Carl Icahn now holds a greater than 8% stake within the beverage can maker, consistent with the Wall Boulevard Magazine, and is alleged to imagine the corporate must purchase again extra inventory and put non-core gadgets 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 corporate reported better-than-expected effects for its newest quarter, boosted via gross sales of refurbished items and comfort choices.
Etsy (ETSY) – Etsy inventory spiked 9.3% within the premarket after the net crafts market reported a better-than-expected quarter, announcing its trade remained robust in a risky financial surroundings.