Live Nation, SeaWorld, Gannett, and other stocks are experiencing significant premarket movements.
Check out the companies making headlines before the bell:
Despite the down market, the live event producer's shares rose 5.4% after reporting better-than-expected quarterly revenue and announcing that they have already sold 45 million tickets for 2022 events, with ticket prices increasing substantially.
The theme park operator exceeded expectations in its latest quarter, earning 92 cents per share instead of the predicted 29 cents. Additionally, revenue surpassed forecasts and more than doubled from the previous year, with visitors spending more per person than before the pandemic.
USA Today's publisher's shares dropped 13.6% in the premarket after reporting a wider-than-expected loss and revenue below estimates. Gannett also announced that it anticipates revenue to decline this year, despite expecting to remain profitable.
Despite reporting its slowest-ever growth in quarterly revenue since going public in 2014, the China-based e-commerce giant's quarterly earnings beat estimates. Sales fell below analyst forecasts as competition intensified, leading to a 2.5% decline in premarket trading.
Moderna reported quarterly earnings of $11.29 per share, exceeding the $9.90 consensus estimate, and revenue also surpassed expectations. Additionally, the company increased its full-year Covid-19 vaccine sales forecast and announced a $3 billion share repurchase program.
Wayfair's international sales declined by a double-digit, which pressured the home furnishings retailer to slide 9.5% in the premarket after posting a wider-than-expected quarterly loss.
The cruise line operator's shares dropped 7% in premarket trading after reporting a quarterly loss that was wider than expected, and revenue that fell short of estimates. This is part of the travel stocks that are under pressure this morning due to Russia's invasion of Ukraine.
The pizza chain reported better-than-expected profit and revenue for its latest quarter, despite increased costs. Papa John's did not provide 2022 guidance due to uncertainties related to Covid-19.
Booking Holdings reported adjusted quarterly earnings of $15.83 per share, exceeding the $13.64 consensus estimate, and its revenue also surpassed Wall Street forecasts. Despite seeing improvement in current quarter bookings, the company anticipates periods this year when Covid-19 will negatively affect travel. Despite this, shares fell 7.6% in the premarket due to weakness in travel stocks.
Despite revenue falling slightly short of analyst projections, Hertz beat estimates by 15 cents with an adjusted quarterly profit of 91 cents per share. The car rental company's demand for rental cars remained strong during the quarter, but it is still experiencing post-bankruptcy restructuring expenses. Hertz fell 8.4% in the premarket amid an overall drop in travel stocks.
EBay exceeded earnings estimates by 6 cents with a quarterly earnings per share of $1.05, while its revenue was in line with forecasts. However, the stock is under pressure after eBay forecast weaker-than-expected current quarter results. EBay lost 8.4% in premarket action.
markets
You might also like
- Delinquencies are on the rise while a record number of consumers are making minimum credit card payments.
- U.S. economy state weighs on little changed treasury yields.
- European markets predicted to sustain positive growth.
- Trump hints at imposing a 10% tariff on China starting in February.
- David Einhorn believes we are currently in the "Fartcoin" phase of the market cycle.