Take a look at some of the biggest players in the pre-market:
Etsy (ETSY) – Etsy shares plunged 11.1% in pre-market trading after the online craft market warned of slowing user growth. Etsy broke estimates of 12 cents per share, with quarterly profit of $ 1.00 per share. Revenue also exceeded expectations. Etsy declined to provide financial advice for a full year.
Uber (UBER) – Uber lost 6 cents per share for its most recent quarter, compared to expectations of a loss of 54 cents per share. However, revenues were lower than expected and Uber said it will pay drivers more to get cars back to service as the economy rebounds. Uber fell 3.7% in pre-market commerce.
Zynga (ZNGA) – Zynga gained 8 cents per share for the first quarter, a penny per share lower than estimates. The mobile game producer’s revenue exceeded estimates and Zynga raised its forecast for the full year on expectations of strong demand for its live gaming services. Its shares jumped 5% in pre-market action.
Rocket Companies (RKT) – Rocket Companies reported quarterly earnings of 89 cents per share, in line with expectations. Lending volume for the lender jumped in the quarter, but the current quarter forecast for the key measure of “gain on sale” margins is well below first quarter levels. Its shares fell 13.6% in pre-market trading.
Moderna (MRNA) – Moderna shares fell 5.4% pre-market after the drugmaker reported better-than-expected earnings for the first quarter. Revenues are below expectations. The company has increased its sales forecast for its Covid-19 vaccine for 2021 by 4.3% to $ 19.2 billion.
Becton Dickinson (BDX) – The medical products company broke estimates by 15 cents per share, with quarterly profit of $ 3.19 per share. Revenue also exceeded expectations on strong contributions from C-19 tests. Becton Dickinson announced the split of its diabetes care business into a separate, publicly traded company. Its shares increased by 4% in pre-marketing.
Regeneron Pharmaceuticals (REGN) – The drugmaker earned $ 9.89 per share for the first quarter, beating the consensus estimate of $ 9 per share. Revenue also exceeded analysts’ forecasts, boosted by a strong rebound in sales of Regeneron’s eye disease drug Eylea and the contribution of its Covid-19 antibody cocktail. Regeneron grew 1% in pre-market commerce.
Norwegian Cruise Line (NCLH) – The cruise line operator reported a quarterly loss slightly lower than expected, while first quarter revenue was well below analysts’ forecast. He also said a restart of cruises in mid-summer could be at risk, given the time needed to reach a deal with authorities and to prepare ships to sail. The stock lost 1.8% in pre-market trading.
Tapestry (TPR) – The maker of Coach and other luxury goods broke estimates by 20 cents per share, with quarterly profit of 51 cents per share. Income also came in the above estimates. Tapestry gave an optimistic full-year forecast for a rebound in demand for luxury goods.
ViacomCBS (VIAC) – Shares of the media company added 2.4% in the pre-market, after beating estimates of 30 cents per share, reporting quarterly profit of $ 1.52 per share. Revenue was also higher than estimated, thanks to higher affiliate fees and improved ad sales.
PayPal (PYPL) – PayPal jumped 4.5% in the pre-market after hitting 21 cents per share ahead of estimates, with quarterly profit of $ 1.22 per share. The online payment service’s revenue also exceeded Wall Street forecasts. The pandemic-induced increase in online payments volume continues to benefit PayPal’s bottom line.
Sunrun (RUN) – Shares of the solar equipment company jumped 8.4% in pre-market trading after its first-quarter profits met estimates and revenues exceeded expectations. Sunrun also increased its growth rate forecast, based on increasing demand in the solar industry.
Fastly (FSLY) – Fastly shares plunged 18.5% in the pre-market after the internet content platform provider gave lighter-than-expected advice and also announced CFO Andriel Lares would step down .
Anheuser-Busch InBev (BUD) – Anheuser-Bush has announced that CEO Carlos Brito will step down in July after 15 years at the helm of the beer brewer. He will be replaced by the North American chef Michel Doukeris. Shares were up 5.1% in the pre-market.