Sign InPremarket Movers: Stock Shifts and Earnings Insights
Alex Vellor
09:38am, Thursday, May 16, 2024
Photo by Sophie Backes on Unsplash
Let's take a closer look at the companies making headlines in today's premarket trading:
| Company | Ticker | Change | Description |
|---|---|---|---|
| Under Armour Class A | UA | -11% | Issued lower-than-expected full-year earnings guidance, expecting 18-21 cents vs. forecast of 59 cents. |
| Under Armour Class C | UA | -9% | Issued lower-than-expected full-year earnings guidance, expecting 18-21 cents vs. forecast of 59 cents. |
| Canada Goose | GOOS | +12% | Beat Wall Street estimates for sales and earnings in its fiscal fourth quarter. Expects profit margin expansion. |
| Walmart | WMT | +4.7% | Reported Q1 earnings of 60 cents per share vs. expected 52 cents. Revenue was $161.5 billion, beating $159.5 billion estimate. |
| Chubb | CB | +8.1% | Berkshire Hathaway revealed it had been accumulating shares. Bought 26 million shares making it the second-largest holder. |
| Cisco Systems | CSCO | +3% | Posted stronger-than-expected fiscal Q3 results and raised 2024 revenue guidance to $53.7 billion. |
| Chubb | CB | +7.8% | Berkshire Hathaway revealed a $6.72 billion stake in the insurer. |
| Deere & Company | DE | -6% | Slashed its full-year outlook, now forecasting net income of about $7 billion in 2024 vs. previous $7.75 billion. |
| Baidu | BIDU | <1% | Reported first-quarter revenue of CNY 31.51 billion, topping the CNY 31.34 billion expected. |
| GoodRX | GDRX | +6% | Upgraded to outperform by Raymond James; analyst views growth story favorably with conservative full-year guidance. |
| Coupang | CPNG | +3.1% | UBS upgraded shares to buy from neutral, citing expanding portfolio and strong logistics network. |
| Dell | DELL | +2% | Evercore ISI raised its price target citing a broadening AI opportunity that could include Tesla as a customer. |
| Meta Platforms | META | -0.5% | EU opened a probe into child safety concerns on Facebook and Instagram. |
| JD | JD | +3.9% | Beat expectations with first-quarter revenue as price cuts and discount coupons aided price-conscious customers. |
About The Author
Alex Vellor
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