Shares of the fitness equipment maker plunged 18.1% in
premarket action after it reported a larger-than-expected quarterly loss and
revenue that fell short of analyst predictions. Peloton also released a
weaker-than-expected holiday quarter forecast.
Moderna tumbled 11.9% in premarket trading after the drug
maker reported a quarterly profit of $2.53 per share, significantly below the
consensus estimate of $3.29%. The company also slashed its annual forecast for
Covid-19 vaccine sales.
eBay jumped 6.7% in premarket action after the e-commerce
company posted better-than-expected results for the September quarter, boosted
by sales of refurbished goods and luxury offerings.
Restaurant Brands (QSR)
The stock rallied 4% in the premarket after the parent of
Burger King, Tim Hortons, and Popeyes reported better-than-expected quarterly
results. Same-restaurant sales increased 14%, well above the 8.3% rise
predicted by analysts who were surveyed by FactSet.
Under Armour (UAA)
Shares of the apparel maker surged 4.2% in the premarket
trading after the company reported better-than-expected earnings for its latest
quarter. Revenue was roughly in line with Street estimates. The growth comes
despite Under Armour slashing its full-year forecast for the impact of a
stronger US dollar and higher costs.
Shares of the chipmaker fell 8.3% in the premarket after it
reported a worse-than-expected revenue outlook as smartphone shipments slid.
Qualcomm also reported quarterly revenue and profit that were in line with Wall
Roku shares slumped 18.5% in premarket trading after the
company said it expected advertising revenue and device sales to decline in the
current quarter. The forecast is weighing on shares despite the maker of video
streaming devices reporting higher-than-expected revenue and a
larger-than-expected number of active accounts.
Booking Holdings (BKNG)
The travel services company’s stock rose 5.1% in the
premarket after the company recorded top and bottom line beats for its latest
quarter. Book Holdings also posted an encouraging outlook as travel demand
Etsy stock rallied 9.3% in the premarket after the online
crafts marketplace declared better-than-expected quarterly results, saying its
business remained strong in a volatile economic environment.
Robinhood Markets (HOOD)
Shares of the online brokerage added 2.9% in premarket
action after the company reported a smaller-than-expected quarterly loss and
revenue that beat analyst forecasts. Robinhood also cut its operating expense
forecast for the full year.