Premarket movers: Oracle, Uber, Pearson, and others

Check out the companies making headlines before the bell:

Oracle's shares dropped 2.3% in the premarket after its adjusted quarterly profit of $1.13 per share missed estimates by 5 cents. Despite this, revenue was in line with forecasts. The company has made significant progress in moving its customers to the cloud, with cloud revenue increasing by 24% compared to the previous year.

Uber's shares increased by 1.6% in premarket trading after Deutsche Bank began coverage with a "buy" rating and a $50 price target. The bank highlighted Uber's dominant market position and the attractive entry point for investors.

After Apollo announced that it was considering a possible cash offer for Pearson, the education publisher's stock price increased by 20.1% in premarket trading. However, Apollo stated that there was no guarantee that an actual offer would be made.

Rivian's shares dropped 8.5% in premarket trading after the company reported a larger-than-anticipated loss and announced that supply chain problems would limit its factory output in 2021.

Didi's premarket shares plummeted 12.7% after a Bloomberg report revealed that the company had halted plans to list in Hong Kong due to failing to meet China's demands for data privacy overhaul.

Toyota's premarket stock price dropped by 1.7% after the company announced it would reduce production by up to 20% in the months of April, May, and June in an effort to alleviate the strain on its suppliers, who are facing difficulties in providing computer chips and other components.

Despite reporting adjusted quarterly earnings of 49 cents per share, 1 cent above estimates, and revenue coming in above Street forecasts, DocuSign's shares plummeted 17.5% in the premarket after the company issued weaker-than-expected guidance for the full year.

Ulta's stock increased by 2.6% in the premarket after reporting better-than-expected profit and revenue for its latest quarter. Additionally, its comparable-store sales surpassed forecasts with a 21.4% increase, and the company announced a new $2 billion share buyback.

Despite beating analyst estimates with sales, Blink, the EV charging equipment manufacturer, reported a wider-than-expected quarterly loss. The company stated that it continues to see strong momentum as the business community and government agencies promote the benefits of a reliable EV infrastructure. Blink's shares dropped 6.1% in premarket trading.

The apparel maker's shares dropped 14.1% in premarket trading after its quarterly earnings and revenue failed to meet Wall Street expectations. Additionally, its current quarter guidance fell short of estimates.