Check out the businesses making headlines earlier than the bell:
Walt Disney (DIS) – Walt Disney reported adjusted quarterly earnings of 80 cents per share, nicely above the 55-cent consensus estimate, with income beating forecasts as nicely. Disney’s efficiency was boosted by a rebound in U.S. theme park attendance in addition to stronger-than-expected development for its Disney+ streaming service. The firm did, nonetheless, warn of uncertainty surrounding the influence of the delta coronavirus variant. Disney shares rallied 5.5% within the premarket.
Airbnb (ABNB) – Airbnb misplaced 11 cents per share for its newest quarter, smaller than the 47-cent loss that analysts had been anticipating. Revenue exceeded estimates, practically quadrupling from a yr earlier as home journey rebounded from its pandemic lows. However, the corporate pointed to uncertainty surrounding the pandemic and the delta variant, and Airbnb shares slid 2.8% in premarket buying and selling.
23andMe (ME) – The genetic analysis firm reported income of $59 million in its first quarter as a public firm, up 23% from a yr in the past, whereas reporting a smaller loss. 23andMe shares climbed 2.1% in premarket motion.
DoorDash (DASH) – DoorDash posted a quarterly lack of 30 cents per share, wider than the 20 cents that Wall Street had projected. However, the meals supply service’s income did beat estimates, with gross order quantity up 70% from a yr in the past. DoorDash additionally raised its full-year steering for gross order quantity. DoorDash shares fell 4.2% within the premarket.
SoFi (SOFI) – SoFi misplaced 48 cents per share for its second quarter, in contrast with analyst forecasts of a 6 cents per share loss. The digital monetary companies firm’s income exceeded estimates, as membership greater than doubled from a yr earlier, however the inventory tanked 9.6% in premarket motion.
Pfizer (PFE), BioNTech (BNTX), Moderna (MRNA) – The FDA licensed Covid-19 vaccine booster photographs for immunocompromised folks using the Pfizer/BioNTech and Moderna vaccines. Pfizer added 0.2%, BioNTech climbed 2.4% and Moderna gained 2.3%.
Embraer (ERJ) – The Brazilian jet maker posted its first recurring quarterly revenue because the first quarter of 2018, as journey demand rebounded from the bottom ranges of the pandemic. Shares jumped 3.6% within the premarket.
Kansas City Southern (KSU) – Kansas City Southern rejected an improved takeover provide from Canadian Pacific Railway (CP), saying it didn’t represent a “superior proposal” to its settlement with Canadian National Railway (CNI). The Canadian Pacific provide is price $27 billion in comparison with $29 billion for Canadian National, however Canadian Pacific feels its bid has a greater likelihood of regulatory approval.
ZipRecruiter (ZIP) – ZipRecruiter posted a quarterly lack of 55 cents per share, in contrast with a consensus estimate of a 22 cents per share loss. However, the net employment market operator noticed income nicely above Street forecasts and made upbeat feedback in regards to the the rest of 2021. ZipRecruiter surged 14.3% within the premarket.
Rocket Companies (RKT) – Rocket shares gained 5.4% in premarket motion regardless of a miss on the highest and backside traces for the net mortgage platform operator. Rocket did see a surge in closed mortgage origination quantity over a yr in the past and gave upbeat current-quarter steering for quite a lot of metrics.
ContextLogic (WISH) – The e-commerce platform firm’s inventory tumbled 27.8% within the premarket, following prime and backside line misses for its newest quarter. The operator of want.com stated it noticed slowing demand for its merchandise, fewer customers and energetic consumers, and larger prices.
Activision Blizzard (ATVI) – The videogame maker’s inventory added 1.1% in premarket buying and selling after Citi upgraded it to “purchase” from “impartial”, saying the present danger/reward profile appears favorable following the inventory’s current pullback.