Check out some of the biggest drivers in the front market:
Walt Disney (DIS) – Disney reported a quarterly earnings of 32 cents per share, which surprised analysts who expected a loss of 41 cents per share. Disney has seen an unexpected slump in attendance at the theme park and box office results due to Covid, but the success of its Disney + service continues. Disney + now has 94.9 million subscribers after adding more than 21 million during the quarter. Disney shares rose 1.4% in trading on the first market from 7:30 p.m. ET.
Newell Brands (NWL) – The company behind consumer brands such as Rubbermaid, Sharpie and Sunbeam made a quarterly profit of 56 cents per share, beating the estimates by 8 cents per share. The revenue was also estimated above. Newell predicted annual earnings of $ 1.55 to $ 1.65 per share, compared to a consensus estimate of $ 1.68 per share, amid the softness of its writing industry, which is delivering strong performance in areas such as appliances and cookware . The share fell by 2.5% in the action before the market.
Coherent (COHR) – Electronic component maker II-VI (IIVI) is planning a $ 6.5 billion bid for the laser manufacturer, according to people familiar with the matter who spoke to The Wall Street Journal. The bid is worth $ 260 per share in cash and shares, above the $ 226 per share agreement Coherent already has with Lumentum Holdings (LITE), as well as a $ 240 per share offer from MKS Instruments (MKSI). Coherent increased by 16.4% in trading on the market, while II-VI decreased by 4.3%.
Moody’s (MCO) – Higher spending caused the credit rating agency to miss estimates at 6 cents a share, with quarterly earnings of $ 1.91 per share. Revenue exceeded Wall Street forecasts, but expected earnings for 2021 across the year are largely higher than analysts’ forecasts. Moody’s also increased its quarterly dividend to 62 cents per share from 56 cents per share.
Expedia (EXPE) – Expedia shipped 1.6% off the market after announcing that it lost $ 2.64 per share for its last quarter, larger than the $ 1.97 per share loss analysts had expected. Revenue from the online travel service business did not live up to expectations, amid a 67% drop in bookings due to the revival of Covid-19 businesses and closures.
Affirm Holdings (AFRM) – Affirm tumbled 7.6% ahead of the market after reporting a loss of 45 cents per share in its first results since it was announced on January 13. It was smaller than the 81 cents per share loss expected by Wall Street, and provider of buy-and-pay loans also predicted revenue. However, Affirm predicts a weaker sales volume than expected for the current quarter as the upswing caused by pandemic declines.
SurveyMonkey (SVMK) – SurveyMonkey tumbled 10.8% in the pre-market, after the online recording company led weaker-than-expected lead for the current quarter. SurveyMonkey earned 3 cents a share for its most recent quarter, compared to expectations for an equivalent quarter.
Marathon Oil (MRO) – According to a company official who spoke to Reuters, Marathon fired about 100 American workers, or about 5% of its workforce. Marathon said the move was part of its ongoing effort to optimize its cost structure.
AstraZeneca (AZN) – AstraZeneca has said it expects to double its monthly production of the Covid-19 vaccine by April after resolving its manufacturing problems. This will bring monthly production to 200 million doses.
Bausch Health (BHC) – Bausch Health jumped 6.3% ahead of news that billionaire investor Carl Icahn had taken a 7.8% stake, according to a statement from the Securities and Exchange Commission. Icahn plans to provide input on the strategies of the pharmaceutical company and possibly seek board members.
Datadog (DDOG) – Datadog reported better-than-expected quarterly earnings and revenue, but the cloud monitoring service provider saw its shares fall by 4.7% ahead of market after a weaker-than-expected outlook.
VeriSign (VRSN) – VeriSign shares rose 5.1% in the emerging market after the domain registration company reported better-than-expected quarterly earnings, with earnings in line with Wall Street forecasts. VeriSign also added $ 747 million to its repurchase program.