Check out some of the biggest drivers in the front market:
Dollar General (DG) – Dollar General shares tumbled 6.1% in front of the market after the discount retailer missed estimates by 10 cents per share, with quarterly earnings of $ 2.62 per share. The company exceeded revenue estimates as sales in comparable stores rose more than expected.
Signet Jewelers (SIG) – The share of the jeweler trader increased by 5.7% in the trading of the market after an optimal quarterly report. Signet earned $ 4.15 per share, compared to a consensus estimate of $ 3.54 per share. Revenue also came above estimates amid strong comparable in-store sales.
Petco (WOOF) – In its first report since its launch in January, the pet retailer posted a quarterly earnings of 17 cents per share, 6 cents per share above the calculation. Revenue also came above Wall Street forecasts, with comparative store sales up 17%. Shares rose 3.2% in the forex market.
Accenture (ACN) – The consulting firm reported a quarterly earnings of $ 2.23 per share, surpassing the consensus estimate of $ 1.90 per share. The revenue also achieved the best forecasts. Accenture also increased its earnings forecast as more companies use their services to move to cloud-based operations. Accenture added 2.2% to the pre-trade.
Apple (AAPL) – Apple plans to launch a new range of iPads next month, according to a Bloomberg report. IPad sales have been boosted in recent years as more people have worked and gone to school remotely due to the pandemic. Apple fell 1% in market action.
Five Down (FIVE) – The discount retailer hit estimates at 9 cents a share, with a quarterly earnings of $ 2.20 per share. Revenue was also higher than Wall Street forecasts, which were boosted by sales of similar stores by 14%. Shares rose 5.7% in pre-trading.
Coherent (COHR) – The bidding war for laser product maker Continues, with a new offering from Optical Component Manufacturer II-VI (IIVI) worth approximately $ 7 billion in cash and inventory. Coherent originally agreed to be acquired by telecommunications equipment manufacturer Lumentum (LITE) in January, but then became the target of a three-way match between II-VI, Lumentum and MKS Instruments (MKSI) which now resulted in a total of 9 offers has. . Coherent added 3.4% in the pre-market, while II-VI fell by 1.6%.
Williams-Sonoma (WSM) – Williams-Sonoma showed quarterly earnings of $ 3.95 per share, compared to a consensus estimate of $ 3.39 per share. The household retailer’s income also helped the estimates, which are helped by people spending more time at home amid the pandemic. The company also announced an 11% increase in the dividend and granted a $ 1 billion resale program. Williams-Sonoma rose 11.1% in market action.
PagerDuty (PD) – PagerDuty lost 7 cents a share for its last quarter, less than the 11 cents a share Wall Street analysts had expected. The operating software company’s revenue beats forecasts, but expects a wider full-year loss than analysts had predicted. Shares fell 4.4% in the forex market.
Nikola (NKLA) – Nikola said South Korean stakeholder Hanwha plans to sell up to half of its stake in electric truck maker this year, reducing its stake by 5.65%. Nikola added that the manufacturer of optoelectronic components is an ‘important strategic partner’. Its shares lost 3.6% during market action.
Lordstown Motors (RIDE) – Shares fell 4.2% in market trading after Lordstown said it had received a request from the Securities and Exchange Commission for information on allegations made in a report by the short seller Hindenburg Research was made. The report accuses the manufacturer of electric vehicles of misleading consumers and investors, but Lordstown said the report was full of “lies and half-truths.”
Sundial Growers (SNDL) – Shares of the Canada-based cannabis producer rose 8.4% in market trading after reporting better-than-expected revenue for its most recent quarter. The company also said it was successfully restructuring the company during 2020 and positioning it for future success. The share rose by 7.8% in the forex market.
National Grid (NGG) – National Grid buys the UK’s distribution network unit from PPL Corp. (PPL) in Pennsylvania for $ 10.9 billion. At the same time, the multinational power company Narragansett Electric Company in Rhode Island is selling $ 3.8 billion to PPL. PPL added 1.7% in the pre-trade.
Peloton (PTON) – John Foley, CEO of Peloton, told Bloomberg News that the fitness equipment manufacturer has expanded its production capacity by 700% in the past year and that its supply of exercise bikes is now close to demand. Peloton fell by 1.7% in the pre-market