Moderna, Virgin Galactic, Truist and more
See which companies are making the headlines even before the bell rings.
Moderna (MRNA) – Moderna added 3.2% in premarket trading after rising 3.2% yesterday, following an FDA panel recommendation for a booster dose of its Covid-19 vaccine. A booster dose of Covid-19 vaccine was recommended by the FDA panel for those 65 years and older as well as high-risk patients.
Virgin Galactic (SPCE) – Virgin Galactic shares tumbled 18.4% in the premarket after it said it would delay the launch of its commercial space service to the fourth quarter of 2022 from the third quarter. It is spending extra time on improving its space vehicles.
Truist Financial (TFC) – The bank beat estimates by 21 cents with adjusted quarterly earnings of $1.42 per share and revenue also above estimates. Stronger fee income and loan growth were key factors in Truist’s success.
PNC Financial (PNC) – PNC reported adjusted quarterly earnings of $3.75 per share, compared with a consensus estimate of $3.20 and revenue also topping Wall Street forecasts. PNC benefited both from credit loss recapture provisions and the merger of BBVA USA. The deal was completed last October. Premarket trading saw PNC rise 1.3%
Pearson (PSO) – Pearson tumbled 12.2% in premarket trading after the educational materials company said higher education sales have fallen 7% so far this year, even though the company maintained its full-year guidance. Pearson stated that enrollments at American community colleges have suffered from Covid-19’s delta version.
Corsair Gaming (CRSR) – Corsair shares slid 5.9% in the premarket after the maker of video game-related peripheral products said supply chain issues were hurting sales. Corsair stated that 2021 would still represent a year of “strong growth.”
23andMe (ME) – The consumer genetics company’s stock surged 9.3% in premarket trading, following a positive mention by EMJ Capital founder and portfolio manager Eric Jackson on CNBC’s “Closing Bell” Thursday. Jackson suggested that 23andMe be better viewed as both a subscription company and a therapeutics business. He believes this bodes well to future growth.
Alcoa (AA) – Alcoa reported an adjusted quarterly profit of $2.05 per share, beating the consensus estimate of $1.80. Due to higher prices, the revenue of aluminum producers also exceeded estimates. Alcoa rose 6.7% during premarket action.
fuboTV (FUBO) – fuboTV’s Sportsbook unit struck a deal with Nascar to become the racing circuit’s authorized gaming operator. FuboTV shares gained 2.1% during premarket trading.
Del Taco (TACO) – The restaurant chain reported adjusted quarterly earnings of 11 cents per share, a penny above estimates, with revenue essentially in line with Wall Street forecasts. Comparable sales increased 1.8%, below the 2.1% forecast by FactSet analysts. The premarket saw shares drop by 3.6%.