Twitter (TWTR)
Twitter jumped 1.5% in premarket trading after Elon Musk detailed $7.2 billion in financing commitments for his deal to buy the company. According to an SEC filing, Oracle co-founder Larry Ellison and investor Ron Baron are among those committing funds.
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SeaWorld (SEAS)
The theme park manager’s shares gained 1% in premarket action after it posted a lower-than-expected quarterly loss and saw revenue exceed estimates as attendance surpassed pre-pandemic levels.
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Spirit Airlines (SAVE)
Spirit shares fell 1.4% in premarket trading after the company reported an adjusted quarterly loss of $1.60 per share, wider than the 58-cent loss Wall Street had estimated, with revenue also below forecasts.
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Shopify (SHOP)
Shares of Shopify tumbled 14.1% in the premarket after it posted adjusted quarterly earnings of 20 cents per share, significantly below the consensus estimate of 64 cents. The e-commerce platform also released a cautious forecast as lockdown-inspired growth slows amid the absence of new consumer stimulus money.
Wayfair (W)
Shares of the online home goods retailer tanked 6.4% in premarket trading after it reported an adjusted quarterly loss of $1.96 per share, 40 cents higher than market expectations, although revenue matched forecasts. Active customer numbers were 23.4% down compared to a year-ago period.
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Booking Holdings (BKNG)
Shares of Booking Holdings jumped 10.1% in premarket action after it posted higher-than-expected quarterly profit and revenue driven by the growth of the travel services firm. The parent of Priceline and other services reported adjusted earnings of $3.90 per share, significantly higher than the consensus estimate of 90 cents.
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eBay (EBAY)
eBay shares fell 7.8% in premarket action on a lower-than-expected revenue forecast, despite beating profit and revenue predictions for the first quarter of 2022. Inflation and a return to pre-pandemic shopping habits are among the factors affecting forecasts from eBay and other e-commerce companies.