Stock Groups

New York Times, CVS Health, Humana and more

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Take a look at the top companies that made headlines long before the bell rang.

New York Times (NYT) – The newspaper publisher’s shares jumped 3.9% in the premarket after it beat estimates by 3 cents with an adjusted quarterly profit of 23 cents per share. Due to growing advertising and digital sales, revenues also beat expectations.

CVS Health (CVS) – The drug store operator and pharmacy benefits manager beat estimates by 19 cents with adjusted quarterly earnings of $1.97 per share and revenue topping Wall Street forecasts as well. Increased demand for Covid and vaccines gave results a boost.

Humana (HUM) – The health insurer reported adjusted quarterly earnings of $4.83 per share, beating the consensus estimate of $4.66, while revenue beat Street forecasts on strength in Humana’s Medicare Advantage business.

Capri Holdings (CPRI) – The company behind the Michael Kors and Versace brands saw its stock surge 9.9% in premarket trading, after beating earnings and revenue estimates for its latest quarter. Capri posted an adjusted $1.53 per sen, well ahead of the consensus estimate at 95 cents. The company also raised its full year outlook.

Tupperware (TUP) – Tupperware plummeted 16.8% in the premarket, as sales for the food storage products company came in well below Wall Street forecasts. The company cites the persistent adverse impact of the pandemic among others.

Norwegian Cruise Line (NCLH) – The cruise line operator’s stock slid 2.6% in the premarket after it reported a wider-than-expected loss and revenue that fell short of analyst estimates. Norwegian claimed it anticipates positive cash flows in the first quarter and profitable results in the second-half of the year.

Bed Bath & Beyond (BBBY) – Bed Bath & Beyond rocketed 57.3% higher in premarket action after announcing an in-store partnership with Kroger(KR), and stated that its share buyback plan was progressing as planned. The positive news combined with the fact the stock of this houseware retailer was one of Wall Street’s most highly shorted, fueled the buying spree.

Mondelez International (MDLZ) – Mondelez beat estimates by a penny with adjusted quarterly earnings of 70 cents per share, with the snack maker’s revenue beating forecasts as well. As it attempts to stay on top of rising labor and commodity prices, Mondelez also stated that they would increase the price of snacks like Oreo cookies. Mondelez saw a 1% increase in premarket sales.

Zillow Group (ZG) – Zillow is exiting its home-flipping business, saying its algorithm designed to profitably buy and sell homes doesn’t work as intended. A surprise quarter-end loss was announced by the realty firm, as well as lower revenues than forecasted for the most recent quarter. Zillow stock fell 17.6% during premarket trading

T-Mobile US (TMUS) – T-Mobile came in 2 cents ahead of estimates with quarterly earnings of 55 cents per share, although the mobile service provider’s revenue missed Street forecasts. T-Mobile gained 673,000 subscribers in the fourth quarter. This beat analyst predictions but was below the rival numbers. AT&T(T). T-Mobile shares rose 3.2% during premarket activity

Lyft (LYFT) – Lyft shares surged 12.5% in premarket trading, after reporting earnings of an adjusted 5 cents per share for its latest quarter, compared to an expected loss of 3 cents per share. Wall Street also predicted that Lyft would report a record revenue. This is due to Lyft’s increased rider demand and better prices.

Activision Blizzard (ATVI) – Activision Blizzard saw its shares tank 12.2% in the premarket after it announced a delay in the launch of two games as well as issuing a weaker-than-expected outlook for the holiday quarter. With an adjusted quarterly profit per share of 72 cents, the videogame manufacturer beat its bottom-line estimates by 2 cents.

Camping World (CWH) – The recreational vehicle retailer’s stock rallied 6.7% in the premarket after it reported quarterly earnings of $1.98 per share, well above the 55 cent consensus estimate, with revenue also well above Street forecasts.

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