Check out some of the biggest drivers in the front market:
GameStop (GME) – GameStop continues to wait after another rise of Reddit on Wednesday in shares of the video game retailer, as well as other so-called ‘Reddit shares’ such as BlackBerry (BB), AMC Entertainment (AMC) and Koss Corp. (KOSS). GameStop rose 55.8% ahead of market, while AMC rose 12.9%, BlackBerry 4.3% and Koss 81.3%.
Best Buy (BBY) – Electronic retailer shares fell 5.3% in market trading after its revenue and comparable sales in Wall Street missed Wall Street forecasts for the holiday quarter as demand for electronics declined has. However, Best Buy’s quarterly earnings of $ 3.48 per share beat 3 cents per share.
Modern (MRNA) – The drugmaker’s share rose 2.9% in pre-market action as quarterly revenue exceeded the estimate, predicting $ 18.4 billion in Covid-19 vaccine sales. However, Moderna reported a quarterly loss of 69 cents per share, wider than the 35 cents a share loss analysts had expected.
Wayfair (W) – The furniture and homeware retailer earned $ 1.24 per share for its last quarter, above the consensus estimate of 86 cents per share. Revenue was slightly lower than Wall Street forecasts, as well as the number of orders and shares fell 9% ahead of the market.
Norwegian Cruise Line (NCLH) – The share of the cruise line operator rose 1.9% in the futures market after quarterly revenue came above estimates, despite the Covid-19 cruise-related strike. Its loss of $ 2.33 per share for the last quarter was slightly wider than the consensus estimate of $ 2.17 per share loss.
Anheuser-Busch InBev (BUD) – Anheuser-Busch posted better-than-expected earnings and revenue for the fourth quarter. The company also forecast higher earnings for 2021, but the beer brewer said its profit margins would be hurt by higher commodity costs. Its shares fell 5.3% in pre-trading.
ViacomCBS (VIAC) – ViacomCBS achieved a 2 cents share ahead of the estimate, with a quarterly earnings of $ 1.04 per share. The revenue was essentially in line with Wall Street forecasts. The company also said it has 30 million streaming subscribers ahead of the planned launch of Paramount + service on March 4, which will replace the current CBS All Access service. Its shares fell by 2.8% in the market action.
Teladoc Health (TDOC) – Teladoc fell 6.5% in trading to the market after reporting a loss of 27 cents per share for its last quarter, 3 cents per share wider than Wall Street expected. The provider of video medical visits’ revenue has made the above estimates.
Nvidia (NVDA) – Nvidia has quarterly earnings of $ 3.10 per share compared to a consensus estimate of $ 2.81 per share. The company, which is best known for its game chips, beat the revenue estimate. Nvidia also forecast strong revenue for the current quarter, but shares fell 2.6% in market action.
Fisker (FSR) – Fisker has entered into an agreement with contract manufacturer Foxconn Technology to assemble motors for the start-up of electric vehicles. According to the agreement, the companies must produce more than 250 000 vehicles annually. Shares fell 1% ahead of market.
Pfizer (PFE) – The Covid-19 vaccine developed by Pfizer and BioNTech (BNTX) works equally well in all age groups, according to an Israeli study. One week after the second dose of the vaccine, it offers 94% protection against the development of coronavirus symptoms, and 92% effective in preventing serious diseases.
Verizon (VZ) – Verizon was the best bidder in a $ 45.5 billion government auction of 5G airwaves, while AT&T (T) offered $ 23.4 billion and T-Mobile US (TMUS) $ 9 , 3 billion.
Pure Storage (PSTG) – Pure Storage had a share of 4 cents per share above the estimates, with a quarterly earnings of 13 cents per share. The memory storage provider also beat Wall Street forecasts. Pure Storage gave a mixed forecast, but it was the first time it had led forward since the pandemic began. Shares rose 2.5% in the forex market.
L Brands (LB) – L Brands earned $ 3.30 per share for its most recent quarter, 12 cents per share above the calculation. The Victoria’s Secret parent’s income was less than predictions. L Brands, which also owns the Bath & Body Works chain, provided strong earnings guidance in the current quarter. L Brands rose 2.7% in the futures market.