Check out some of the biggest drivers in the front market:
Lyft (LYFT) – The company that rides with it said that the past week has the highest ride volume since the pandemic took place last March. As a result, Lyft expects to report a smaller quarterly loss than it previously forecast. Lyft shares jumped 5.6% in pre-trading.
Las Vegas Sands (LVS) – The casino operator’s shares rose 3% in the futures market after announcing a deal to lease its Las Vegas properties to private equity firms Apollo Global (APO) and VICI Properties for $ 6.25 billion to sell. Sales include The Venetian Resort Las Vegas and the Sands Expo and Convention Center. Apollo Global shares rose 2.1%.
Wendy’s (WEN) – The restaurant chain missed estimates by one cent per share, with quarterly earnings of 17 cents per share. The income was also less than forecasts. Global comparable sales increased by 4.7%, derived from the FactSet consensus estimate of 5.7%, mainly due to international weakness. Its shares fell 3.3% in the forex market.
Dollar Tree (DLTR) – The discount retailer earned $ 2.13 per share for the fourth quarter, beating estimates by 2 cents per share. The revenue was essentially in line with expectations. Sales of comparable stores increased by 4.9%, less than the estimate of 5.5% of analysts surveyed by FactSet. The company’s shares fell by 2% in the forex market.
Hewlett Packard Enterprise (HPE) – HPE beat estimates at 11 cents a share, with quarterly earnings of 52 cents a share. The revenue of the enterprise computer hardware manufacturer has come above the forecasts. The company has issued strong guidelines for the current quarter and year-round as it continues to benefit from the pandemic-inspired digital transformation.
Box (BOX) – Box reported quarterly earnings of 22 cents per share, 5 cents per share above the estimate. Revenue also beat the projections. The online data storage company has also released a better full-year outlook for the year, expecting the current quarter to earn more than $ 200 million for the first time.
Nordstrom (JWN) – Nordstrom earned 21 cents per share for its last quarter, 7 cents per share above estimates. The retailer also reported better-than-expected revenue. Nordstrom has been helped by a boost in digital sales as well as the growth in its non-price operations, but the retailer has warned that it needs to clean up excess holiday supplies through the off-price channel. Shares fell 2.6% in the pre-market action.
FuboTV (FUBO) – For the first time, FuboTV reported revenue of more than $ 100 million on a quarterly basis, with the live sports streaming company reporting better sales than $ 105.1 million. The number of subscribers increased by 73% from a year earlier to a total of 548,000. Its shares fell 4% in the pre-market, after rising almost 50% in the previous year.
Rocket Companies (RKT) – Rocket shares have been volatile in market trading after more than doubling over the past three sessions. The parent of Quicken Loans and Rocket Mortgage is attracting more and more attention in online forums, and investors are noticing the high level of short interest. Rocket shares fell 5.5% in pre-market performance.
Urban Outfitters (URBN) – Urban Outfitters beats estimates at 2 cents per share, with quarterly earnings of 30 cents per share. However, the clothing retailer’s revenue fell slightly lower than Wall Street’s forecasts, and gross profit margins fell by more than 3 percentage points from a year earlier. Its shares fell 1.6% in the forex market.
Ross Stores (ROST) – Ross Stores fell 3.1% in the futures market after reporting quarterly earnings of 67 cents per share, below the consensus estimate of $ 1.00 per share. The discount retailer’s discount also came under the estimates, which were marred by the closure of pandemic stores in California.