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Take a look at the businesses making headlines earlier than the bell:
Uber (UBER) – Uber fell 1% in premarket buying and selling after it reported a quarterly loss and income that beat estimates. Uber noticed trip volumes improve throughout the quarter whereas meals deliveries additionally continued to develop.
Brinker International (EAT) – The mum or dad of Chili’s and different restaurant chains fell 10 cents shy of estimates with adjusted quarterly earnings of 92 cents per share, and issued a weaker-than-expected earnings outlook. Brinker pointed to difficult commodity and labor prices, and shares tumbled 10.3% within the premarket.
Generac (GNRC) – The maker of backup mills and different energy gear jumped 5.3% within the premarket after beating high and bottom-line estimates for its newest quarter. Generac earned an adjusted $2.09 per share, beating the $1.94 consensus estimate.
Moderna (MRNA) – Moderna shares rallied 8.1% in premarket buying and selling, because the vaccine maker’s quarterly outcomes got here in nicely above estimates. Moderna earned $8.58 per share for the quarter, in contrast with a consensus estimate of $5.21.
Tupperware (TUP) – The storage merchandise maker noticed shares hunch 19.9% within the premarket after it missed high and bottom-line estimates for its newest quarter and withdrew its full-year forecast. the corporate cited uncertainty associated to the Russia/Ukraine battle in addition to elementary modifications being made to its enterprise.
Lyft (LYFT) – Lyft plummeted 25.4% in premarket buying and selling after the ride-hailing firm mentioned it could improve spending to draw extra drivers, resulting in an earnings forecast that fell wanting Wall Road predictions.
Starbucks (SBUX) – Starbucks matched estimates with an adjusted quarterly revenue of 59 cents per share, and income barely above estimates. CEO Howard Schultz detailed improved wages and advantages for the espresso chain’s workers, though he added that unionized areas would wish to barter their very own offers. Starbucks jumped 6.4% within the premarket.
Advanced Micro Devices (AMD) – AMD shares surged 6.1% within the premarket after the chipmaker reported a high and bottom-line beat for its newest quarter. AMD earned an adjusted $1.13 per share, in contrast with a consensus estimate of 91 cents. It additionally issued a stronger-than-expected outlook amid elevated demand from knowledge facilities for its chips.
Airbnb (ABNB) – Airbnb posted a quarterly lack of 3 cents per share, narrower than the 29-cent loss analysts had been anticipating. Income additionally beat forecasts, as vacationers continued to e book leases even within the face of rising costs by hosts. Airbnb jumped 5.2% in premarket motion.
Match Group (MTCH) – Match Group shares slid 6.1% in premarket buying and selling, following the information that the courting service’s CEO Shar Dubey will resign on the finish of Could. She’ll get replaced by Zynga (ZNGA) president Bernard Kim. Individually, Match Group reported better-than-expected revenue and income for its newest quarter.
Livent (LTHM) – The lithium producer’s shares soared 19.8% in premarket motion after it posted better-than-expected quarterly earnings and raised its 2022 income forecast. Livent is benefiting from robust demand for lithium utilized in electrical car batteries.
Akamai Technologies (AKAM) – The cybersecurity firm’s shares plunged 13.9% within the premarket after Akamai missed bottom-line estimates for its newest quarter, though income was in line. CEO Tom Leighton famous the corporate confronted a difficult international surroundings in addition to headwinds associated to a robust U.S. greenback.
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