Shares of the electric vehicle company added 1.3% in premarket action following its latest 10-Q filing, which included an update on the value of its bitcoin holdings. Tesla said it took a $170 million impairment charge related to the carrying value of its bitcoin holdings during the first half of 2022. It gained $64 million from bitcoin sales during the period.
Shares of the Dutch medical equipment slipped 10.4% in premarket action after its quarterly earnings fell short of analyst forecasts. Supply chain issues and lockdowns in China impacted Philips’ earnings.
The e-commerce platform provider’s stock plunged 14.4% in premarket action after its full-year revenue guidance fell short of Street forecasts. Squarespace posted better-than-expected results for its latest quarter but said revenue is taking a hit from currency headwinds.
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JD .com (JD)
The stock rose 2% in premarket trading after Morgan Stanley called the Chinese e-commerce company a “catalyst-driven idea”. The company thinks the catalyst could be better than expected revenue growth guidance when JD.com next reports earnings in August.
Shares of the mining company fell 3.3% in the premarket after it reported lower-than-expected second-quarter earnings. In the second quarter, profit was down nearly 41% from a year, impacted by a decline in gold prices.
Ryanair surged 5.7% in premarket trading after the airline reported quarterly results that beat analysts’ estimates. Ryanair cautioned that a return to pre-Covid levels of profitability this year was not certain.
Uber Technologies (UBER)
Uber rose 1% in the premarket after the ride-hailing company admitted to not reporting a 2016 data breach that impacted 57 million drivers and passengers as part of a settlement agreement to avoid criminal prosecution.
Public Storage (PSA)
Public Storage gained 1.5% in premarket trading after the self-storage facilities operator declared a special dividend of $13.15 per share. The distribution is related to the sale of PS Business Parks of affiliates of Blackstone (BX) for $7.6 billion. Public Storage is the largest shareholder in PS Business Parks, whose sale transaction closed last week.
Shares of the online luxury fashion seller gained 2.5% in premarket action following reports that the company was close to a deal with Switzerland’s Richemont that would see it absorb Richemont-owned fashion retailer YNAP.