During Market hours Yesterday — (Wednesday – 03.11.2021):
- The Dow (Symbol: DIA) gained 0.27%. The S&P 500 (Symbol: SPY) rose 0.61% and the Nasdaq (Symbol: QQQ) jumped 1.06%.
- Activision Blizzard (Symbol: ATVI) — The video game company tumbled more than 14% despite reporting better-than-expected quarterly earnings of 72 cents per share, compared to analysts’ estimates of 70 cents. It also reported revenue of $1.88 billion, right in line with analysts’ expectations.
- Zillow (Symbol: Z) — Shares of the digital real estate company tanked nearly 23% after the company said on Tuesday that it’s shuttering its homebuying unit, called Offers. Zillow is also eliminating 25% of its workforce as it exits that business. Zillow also missed on the top and bottom lines of its quarterly results.
- T-Mobile US (Symbol: TMUS) — Shares of T-Mobile rose 5.3% after the telecom company posted a stronger-than-expected profit for the previous quarter. T-Mobile reported diluted earnings of 55 cents a share, topping a Refinitiv forecast of 53 cents per share. However, the company’s revenue came in at $19.62 billion. Analysts expected sales of $20.19 billion, according to Refinitiv.
- CVS Health Corp (Symbol: CVS) — Shares of CVS gained more than 5% after the drugstore chain and health insurer beat Wall Street expectations for third-quarter earnings and hiked its outlook for the year. The company posted adjusted earnings of $1.97 per share on revenue of $73.79 billion, versus the Refinitiv consensus of $1.78 in profit per share on revenue of $70.49 billion.
- Lyft (Symbol: LYFT) — Shares of the ride-sharing company jumped more than 8% after its better-than-expected quarterly report. Lyft posted adjusted earnings of 5 cents per share in the third quarter, versus a loss of 3 cents per share expected, according to Refinitiv. The company also beat on revenue and said drivers are coming back, though it missed estimates of active riders.
During Premarket hours today (Thursday – 04.11.2021):
- Planet Fitness (Symbol: PLNT) – The fitness center operator’s stock surged 4.7% in premarket action after beating on the top and bottom lines and raising its full-year revenue forecast. Planet Fitness earned an adjusted 25 cents per share for its latest quarter, 7 cents above estimates.
- Moderna (Symbol: MRNA) – Moderna tumbled 12.1% in premarket action, following quarterly shortfalls in both earnings and revenue as well as a cut in the drug maker’s full-year earnings outlook. Moderna earned $7.70 per share for its latest quarter versus the $9.05 consensus estimate.
- Wayfair (Symbol: W) – The online home goods seller slid 4.4% in the premarket after it reported an unexpected quarterly profit but saw revenue fall below analyst forecasts. Wayfair noted that spending has started to transition toward brick-and-mortar stores post-pandemic and it may take a few quarters for its growth to return to normal levels.
- Booking Holdings (Symbol: BKNG) – Booking Holdings rallied 4.6% in the premarket after the travel company reported better-than-expected profit and revenue for its latest quarter. The Priceline parent earned an adjusted $37.70 per share, compared with the $32.90 consensus estimate, and investors so far are shrugging off the company’s cautionary comments about a Covid-19 resurgence in Europe.
- Qualcomm (Symbol: QCOM) – Qualcomm beat estimates by 29 cents with adjusted quarterly earnings of $2.55 per share, and the chip maker’s revenue also beat forecasts. Qualcomm also forecasts strong growth, driven by demands for 5G smartphone technology.
- Electronic Arts (Symbol: EA) – Electronic Arts reported an adjusted quarterly profit of $1.49 per share, compared with a consensus estimate of $1.17. The video game maker also beat on the top line. EA also raised its full-year outlook amid strength in its sports-themed games. Electronic Arts added 2.9% in the premarket.
- Roku (Symbol: ROKU) – Roku shares slid 7.9% in premarket trading despite an earnings beat. The video-streaming device maker earned 48 cents per share for its latest quarter, well above the 6-cent consensus estimate, but revenue fell short of forecasts and the company issued a lower-than-expected revenue forecast for the holiday quarter.
- Etsy (Symbol: ETSY) – The online crafts marketplace issued weaker-than-expected current-quarter revenue guidance although it did beat forecasts for its most recent quarter, coming in 8 cents above estimates with earnings of 62 cents per share.
*Any information contained in this article, including any information contained in external third party links, if any, is solely for informational purposes and does not contain, or should not be construed as containing, investment advice or an investment recommendation, or, an offer of or solicitation for any transactions in financial instruments. Past performance does not guarantee or predict future performance. Colmex Pro Ltd does not take into account your personal investment objectives or financial situation and makes no representation, and assumes no liability to the accuracy or completeness of the information provided, nor for any loss arising from any investment based on presented information.