During Market hours yesterday —(Tuesday – 02.11.2021):
- The Dow (Symbol: DIA) went up 0.40%. The S&P 500 (Symbol: SPY) jumped 0.40% and the Nasdaq (Symbol: QQQ) rose 0.42%.
- Avis Budget (Symbol: CAR) — Shares of the rental car company jumped 108% after Avis Budget reported a huge earnings beat for the third quarter.
- Under Armour (Symbol: UAA) — Shares of the athletic retail soared more than 16.3% after raising its annual outlook. Under Armour’s fiscal third-quarter earnings and sales topped analysts’ estimates, revealing the company is seeing progress in improving its brand image under CEO Patrik Frisk.
- Pfizer (Symbol: PFE) — Shares of the pharmaceutical giant rose 4.2% in midday trading after beating on the top and bottom lines of its quarterly results.
- McKesson (Symbol: MCK) — Drug distributor McKesson saw shares rise 5.2% after reporting quarterly results that beat consensus estimates. The company recorded earnings of $6.15 per share, trumping estimates of $4.66.
- DuPont (Symbol: DD) — Shares of DuPont gained 8.8% after the chemicals company beat expectations. The company posted earnings of $1.15 per share on revenue of $4.27 billion. Analysts expected a profit of $1.12 per share on revenue of $4.14 billion, according to Refinitiv.
- Clorox (Symbol: CLX) — Shares of the consumer products company rose 1.2% after posting stronger-than-expected results for the first quarter. The company reported $1.21 in adjusted earnings per share on $1.81 billion in revenue. Analysts surveyed by Refinitiv had penciled in $1.03 per share and $1.70 billion.
- Global Payments (Symbol: GPN) — Shares of Global Payments fell 9.2% despite the financial technology firm topping earnings expectations. The company reported adjusted earnings of $2.18 per share on revenue of $2 billion. Analysts surveyed by StreetAccount expected a profit of $2.14 per share on revenue of $1.99 billion.
- Estee Lauder (Symbol: EL) — The cosmetics maker’s stock gained 4.1% after the company’s quarterly results beat Wall Street forecasts. Estee Lauder reported adjusted diluted per-share earnings of $1.89 for the quarter, compared to a $1.70 per share consensus estimate.
During Premarket hours today – (Wednesday – 03.11.2021):
- New York Times (Symbol: NYT) – The newspaper publisher’s shares jumped 3.9% in the premarket after it beat estimates by 3 cents with an adjusted quarterly profit of 23 cents per share. Revenue also beat estimates amid rising advertising and digital sales.
- CVS Health (Symbol: CVS) – The drug store operator and pharmacy benefits manager beat estimates by 19 cents with adjusted quarterly earnings of $1.97 per share and revenue topping Wall Street forecasts as well. Results got a boost from increased demand for Covid testing and vaccinations.
- Humana (Symbol: HUM) – The health insurer reported adjusted quarterly earnings of $4.83 per share, beating the consensus estimate of $4.66, while revenue beat Street forecasts on strength in Humana’s Medicare Advantage business.
- Bed Bath & Beyond (Symbol: BBBY) – Bed Bath & Beyond rocketed 57.3% higher in premarket action after announcing an in-store partnership with Kroger (KR) and said its share buyback program was proceeding ahead of schedule. The buying spree was spurred by that positive news, combined with the fact that the housewares retailer’s stock is one of the most heavily shorted on Wall Street.
- T-Mobile US (Symbol: TMUS) – T-Mobile came in 2 cents ahead of estimates with quarterly earnings of 55 cents per share, although the mobile service provider’s revenue missed Street forecasts. T-Mobile added 673,000 subscribers during the quarter, beating analyst forecasts but short of the numbers achieved by rivals like AT&T (T).
- Lyft (Symbol: LYFT) – Lyft shares surged 12.5% in premarket trading, after reporting earnings of an adjusted 5 cents per share for its latest quarter, compared to an expected loss of 3 cents per share. The ride-hailing service’s revenue also topped Wall Street forecasts, with Lyft benefitting from rising rider demand as well as higher prices.
- Activision Blizzard (Symbol: ATVI) – Activision Blizzard saw its shares tank 12.2% in the premarket after it announced a delay in the launch of two games as well as issuing a weaker-than-expected outlook for the holiday quarter. The videogame maker did beat bottom-line forecasts for its latest quarter, coming in 2 cents ahead of estimates with an adjusted quarterly profit of 72 cents per share.
- Camping World (Symbol: CWH) – The recreational vehicle retailer’s stock rallied 6.7% in the premarket after it reported quarterly earnings of $1.98 per share, well above the 55 cent consensus estimate, with revenue also well above Street forecasts.
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