Check out the companies that make headlines before the clock:
Ulta Beauty (ULTA) – Ulta Beauty has announced that CEO Mary Dillon will retire in June to be replaced by President David Kimbell. Dillon will move on to the role of executive chairman. Separately, the cosmetics business achieved the first and last estimates for the most recent quarter, but reduced the fiscal comparison outlook for 2021. Ulta lost 8.2% in market trading.
Poshmark (POSH) – Poshmark reported better-than-expected sales for its most recent quarter, but the online retailer of second-hand goods issued a forecast for the current quarter that was less than the analysis estimates. Its share tumbled 12.3% in action ahead of the market.
Novavax (NVAX) – Novavax shares rose 16.5% after the drugmaker said the high-level Covid-19 vaccine was effective against the original strain of the virus as well as the British variant.
DocuSign (DOCU) – DocuSign beat estimates by 15 cents with an adjusted quarterly earnings of 37 cents per share, and electronic signature revenue was also higher than analysts’ forecast. It also gave a better outlook than expected, but the shares fell by 4% in market trading.
Sanofi (SNY), Translate Bio (TBIO) – The drugmakers have launched a human trial for their second Covid-19 vaccine project, following a delay in their first vaccine last year. This vaccine is based on messenger RNA technology, and the two companies expect interim results in the third quarter. Translate Bio shares rose 5.1% ahead of the market.
Alibaba (BABA) – According to people with knowledge of the case who spoke to the Wall Street Journal, Alibaba is facing a possible record fine from China’s antitrust regulators. According to the newspaper, the fine could exceed the $ 975 million paid by chipmaker Qualcomm in 2015, as regulators press Alibaba to disconnect them from founder Jack Ma and link them more closely to the Communist Party. The e-commerce giant’s shares fell 2.1% in action before the market.
Netflix (NFLX) – Netflix is testing a new feature to restrict the sharing of passwords, and some users are receiving a request to confirm that they live in the same household as the account holder. Research firm Magid estimates that about one-third of Netflix users share their passwords. Netflix declined 1.2% ahead of the market.
Verizon (VZ) – Verizon has launched a $ 25 billion debt sale to fund its $ 45 billion wireless spectrum purchase, which will be used to expand the next generation 5G mobile service. MarketWatch reports that demand was extremely strong for the sale, which was oversubscribed more than four times at one point.
Aegion (AEGN) – Aegion is the subject of a bidding match between New Mountain Capital (NMFC) and Apollo Global (APO). According to a Bloomberg report, Apollo made a bid of $ 26 to $ 30 per share for the pipeline services company, which was at the top of the deal that Aegion closed with New Mountain last month for $ 26 per share. Aegion jumped 11.5% ahead, while Apollo rose 2.4%.
Buckle (BKE) – The fashion accessories retailer reported quarterly earnings of $ 1.33 per share, 7 cents above the estimate, with earnings in line with Wall Street forecasts. Comparable store sales increased by 18% compared to a year earlier, with online sales by 81.5%.
Coherent (COHR) – The battle to buy the laser and laser technology manufacturer continues and Coherent says that the latest bid by the manufacturer of optical electronic components II-VI (IIVI) is better than the most recent bid from Lumentum (LITE) . The bidders went back and forth several times, with II-VI’s latest offering consisting of $ 195 per share in cash and one Lumentum share for each cohesive share. Cohesive rose by 2.1% pre-market, while II-VI fell by 1.6%.
Vail Resorts (MTN) – In its latest earnings report, the resort beat Wall Street’s predictions on both the top and bottom lines, although Vail was forced to operate at a lower capacity due to the pandemic. Vail did say that the trends for visits improved during the quarter, and that the shares rose 9.7% before the market.