AstraZeneca rallied 4.8% in premarket trading after the drug maker reported encouraging quarterly results and raised its full-year profit outlook. AstraZeneca’s results got a boost from strong sales of its cancer drugs.
The electric vehicle maker’s stock surged 8.2% in premarket action after the company reported a narrower-than-expected quarterly loss and kept its production schedule intact, even in the face of supply chain issues.
Shares of the dating service provider plunged 14% in premarket action after issuing a weak revenue forecast for the ongoing quarter. Bumble said its users renew subscriptions at a slower rate as consumers cut back on discretionary spending in the face of inflation.
Shares of the China-based electric car maker jumped 5.5% in the premarket after it reported a wider-than-expected quarterly loss, but said it expected deliveries to nearly double in the current quarter from a year ago.
Shares of the office-sharing company’s stock fell 1.7% in the premarket after it reported a wider-than-expected quarterly loss. WeWork also looks to exit around 40 underperforming locations this month.
Tapestry fell 2% in premarket trading after the company behind brands like Coach and Kate Spade exceeded top and bottom-line estimates for its latest quarter. The company slashed its full-year forecast for the impact of the strong US dollar and China’s Covid-19 restrictions.
Six Flags (SIX)
Six Flags stock initially slipped in premarket trading after it missed top and bottom line estimates for its latest quarter. However, it surged to a 2.9% gain after announcing an agreement with investment firm H Partners that raised the cap on H Partners’ stake in the company to 19.9% from 14.9%.
Dutch Bros (BROS)
Dutch Bros shares rose 3.8% in the premarket after the hand-crafted beverage shops operator reported better-than-expected profit and revenue for its latest quarter. The company also issued an upbeat full-year revenue outlook.