Take a look at the firms making headlines ahead of the bell:
Tapestry (TPR) – The corporate at the back of the Trainer and Kate Spade manufacturers beat best and final analysis estimates for its newest quarter, however reduce its full-year forecast for the affect of the sturdy U.S. buck and China’s Covid-19 restrictions. Tapestry slid 2% in premarket buying and selling.
Nio (NIO) – The China-based electrical automobile maker posted a wider-than-expected quarterly loss, however stated it anticipated deliveries to just about double within the recent quarter from a yr in the past. Nio stocks jumped 5.5% in premarket buying and selling.
WeWork (WE) – The office-sharing corporate’s inventory fell 1.7% within the premarket after it reported a wider-than-expected quarterly loss. WeWork additionally plans to go out about 40 underperforming places this month.
Six Flags (SIX) – The theme park operator’s inventory to begin with dipped in premarket buying and selling after it ignored best and final analysis estimates for its newest quarter. Then again, it rebounded to a 2.9% achieve after pronouncing an settlement with funding company H Companions that raised the cap on H Companions’ stake within the corporate to 19.9% from 14.9%.
Rivian (RIVN) – Rivian rallied 8.2% in off-hours buying and selling after the electrical automobile maker reported a narrower-than-expected quarterly loss and stored its manufacturing time table intact, even within the face of provide chain problems.
Dutch Bros (BROS) – Dutch Bros inventory jumped 3.8% within the premarket after the operator of home made beverage stores reported better-than-expected benefit and income for its newest quarter. The corporate additionally raised its full-year income outlook.
AstraZeneca (AZN) – AstraZeneca won 4.8% in premarket buying and selling after the drug maker reported upbeat quarterly effects and raised its full-year benefit forecast. AstraZeneca’s effects were given a spice up from sturdy gross sales of its most cancers medicine.
Bumble (BMBL) – Bumble slumped 14% in premarket motion after issuing a vulnerable current-quarter income forecast. The relationship carrier operator stated its customers are renewing subscriptions at a slower charge as customers reduce on discretionary spending within the face of inflation.
Honest Isaac (FICO) – Honest Isaac staged a ten.4% rally within the premarket after its quarterly income beat analyst estimates and income grew in each its credit score ranking and device gadgets. The corporate, recognized for FICO credit score ratings, additionally gave an upbeat full-year forecast.
ZipRecruiter (ZIP) – ZipRecruiter surged 12.6% in premarket buying and selling after the net jobs web page operator posted better-than-expected quarterly effects and raised its full-year forecast. ZipRecruiter additionally introduced a $200 million build up in its percentage repurchase program.