Check out the companies that make headlines before the clock:
Walmart (WMT) – Walmart reported adjusted quarterly earnings of $ 1.39 per share, which includes a 7 cents impact on UK tax refunds. The consensus estimate was $ 1.50. Revenue did beat the forecasts, however, and comparative US sales without fuel increased by 8.6% compared to the FactSet estimate of 5.8%. The retailer’s shares are below 5% before the market.
Hormel Foods (HRL) – The food manufacturer’s stock rose 2.2% ahead of the market after earnings matched estimates at 41 cents per share and earnings were better than Wall Street’s forecasts. Hormel also said it is increasingly optimistic about sales and earnings growth for the full year.
Marriott (MAR) – Marriott has hampered recent trends in hotel chains by beating Street estimates, earning an adjusted 12 cents per share for the last quarter from an 11-cent consensus estimate. The revenue missed predictions as the pandemic continues to be affected.
Waste Management (WM) – Waste management shares are 1% higher than the waste management company by 4 cents, with an adjusted quarterly earnings of $ 1.13 per share, with revenue also beating. Waste Management is also increasing its annual dividend by 12 cents to $ 2.30 per share.
Tilray (TLRY) – Tilray lost an adjusted 2 cents a share for its last quarter, smaller than the 15-cent loss expected by Wall Street analysts, while the cannabis producer’s revenue was above estimates. The results come before Tilray’s planned merger with rival Aphria (APHA), which he is expected to close in the second quarter. The stock is up 4% in the pre-sale.
SunPower (SPWR) – SunPower has doubled its consensus estimates with an adjusted quarterly earnings of 14 cents per share, although the solar power company does not have the forecast. SunPower also issued weaker-than-expected current quarterly guidance, with its shares down 7.1% in pre-market trading.
Twilio (TWLO) – Twilio is up 9.5% ahead of the market after reporting an adjusted 4 cents-per-share gain for its last quarter, and surprising analysts expecting the cloud computing platform provider to make a loss of 8 cents per share would report. Revenue also came well above street forecasts, with results aided by recent acquisitions and election-related cases, as well as what Twilio calls ‘broad diversified strength’.
Baidu (BIDU) – Baidu saw quarterly revenue exceed its analytics forecasts, while search engine advertising sales bounced back and the company’s cloud services had greater demand. Baidu shares fell 1.2% this morning.
Sleep Number (SNBR) – Sleep Number shares are up 12.7% after the market hit quarterly earnings of $ 2.19 per share, surpassing the $ 1.45 consensus estimate, with earnings from the mattress dealer who also exceeds the estimate. Sleep Number also provided optimal full year guidance.
Tesla (TSLA) – Tesla has lowered prices for the cheaper versions of its Model 3 and Model Y vehicles, although it has raised prices for higher versions. Shares are down 2% before market.
Nutrien (NTR) – Nutrien reported better-than-expected revenue for its most recent quarter, as the Canadian fertilizer manufacturer saw greater demand amid rising harvest prices and farmers’ plans to plant more acres. The stock is up 3.8% ahead of the market.
Fast (FSLY) – Shares are under rapid pressure, down 6.2% from the first market, after the cloud platform provider reported better-than-expected earnings and revenue for its latest quarter, but issued a lower-than-expected forecast.
Tanger Factory Outlets (SKT) – The mall operator is up 3.1% after reporting an equivalent quarter, compared to forecasting a loss of 2 cents per share, while revenue is also beating estimates. Tangier saw an increase in foot traffic during the quarter, although lower occupancy rates still outweighed revenue.
Bloomin ‘Brands (BLMN) – The restaurant operator’s shares are 4.1% lower than revenue, compared to street forecasts for its most recent quarter. The company did report an equivalent quarter on an adjusted basis compared to forecasting a loss of 2 cents per share.