During Market hours Friday– (Friday – 07.05.2021):
- The Dow (Symbol: DIA) went up 0.69%. The S&P 500 (Symbol: SPY) gained 0.73% and the Nasdaq (Symbol: QQQ) popped 0.81%.
- Square (Symbol: SQ)– The payment company’s stock rose 4.19% after the company’s first-quarter earnings topped Wall Street’s expectations. Square earned 41 cents per share on an adjusted basis, while posting $5.06 billion in revenue. Analysts surveyed by Refinitiv were expecting the company to earn 16 cents on $3.36 billion in revenue. Revenue grew 266% year over year.
- Roku (Symbol: ROKU)– Shares of the streaming video platform jumped 11.55% after Roku reported that revenue growth grew 79% year over year to $574.2 million, more than $50 million above what analysts surveyed by FactSet had projected. The company also added 2.4 million active accounts compared to the prior quarter. Roku’s second-quarter revenue guidance also topped expectations.
- Shake Shack (Symbol: SHAK)– Shares of the fast food chain slid 15.28% after the company reported a revenue miss and gave a tepid current quarter sales outlook. Shake Shack said sales in city locations and sports stadiums continue to weigh on overall results. However, the company reported an adjusted quarterly profit of 4 cents per share, compared to Refinitiv consensus of a 9 cents per share loss.
- Bill.com (Symbol: BILL)– Shares of the provider of back office enterprise software surged 18.34% after the company posted a narrower loss and better-than-expected sales for its latest quarter. Bill.com also announced the acquisition of expense management software provider Divvy for $2.5 billion.
- Expedia (Symbol: EXPE)— The travel platform’s stock jumped 5.24% after it reported better-than-expected quarter results. Expedia reported a first-quarter adjusted loss of $2.02 per share on revenues of $1.25 billion. Analysts had expected a loss per share of $2.31 on revenues of $1.12 billion, according to Refinitiv.
- AMC Entertainment (Symbol: AMC)– The movie theater chain’s stock jumped 5.67% despite a wider-than-expected quarterly loss and an earnings miss. AMC lost $1.42 per share for the first quarter, wider than the loss of $1.30 a share that analysts were anticipating, according to Refinitiv. While AMC is still losing money, CEO Adam Aron was upbeat during an earnings call, thanking millions of Redditors and Robinhood traders who boosted the company’s stock earlier this year. The stock is up about 340% in 2021.
During Premarket hours today – (Monday – 10.05.2021):
- Marriott (Symbol: MAR) – Marriott earned an adjusted 10 cents per share for the first quarter, beating the 3 cent consensus estimate, with the hotel operator’s revenue very slightly below forecasts. Marriott said it was seeing a rebound in demand as more people receive Covid-19 vaccinations. Shares fell 1.2% in premarket trading.
- US Foods (Symbol: USFD) – The food distributor’s stock was up 1% in the premarket, after it beat estimates by 7 cents with adjusted quarterly earnings of 12 cents per share. Revenue also topped estimates despite pandemic-related pressure on sales volume. The bottom line was helped by lower expenses.
- BioNTech (Symbol: BNTX) – The drug maker beat estimates on both the top and bottom lines for the first quarter, helping its stock surge by 8.7% in premarket action. BioNTech also said there’s no current evidence that points to the need to adapt its Covid-19 vaccine to emerging variants of the virus, although it is prepared to do so if necessary.
- Viatris (Symbol: VTRS) – Viatris shares added 2.6% premarket trading despite slightly lower-than-expected profit. Sales beat estimates and the healthcare company declared its first quarterly dividend of 11 cents per share. Viatris was created last year by a merger of Pfizer’s Upjohn unit and generic drug maker Mylan.
- Freeport McMoran (Symbol: FCX), Hecla Mining (Symbol: HL), Southern Copper (Symbol: SCCO) – These and other copper mining companies are getting a boost as copper prices hit record highs on tight supply and expectations of high demand. Freeport-McMoran rose 3.3% in the premarket, while Hecla jumped 3.6% and Southern Copper jumped 3.4%.
- Live Nation Entertainment (Symbol: LYV) – Live Nation was upgraded to “buy” from “hold” at Jefferies, which said a 13% pullback has provided an attractive entry point for the concert and live event promoter. Jefferies calls Live Nation a “pure-play recovery” and long-term growth story, and the company’s shares added 1.3% in premarket trading.
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