Stock Groups

Coinbase, DoorDash, Poshmark and more


See the top companies that made headlines prior to the bellThis is: 

Coinbase (COIN) — Shares of Coinbase sunk more than 11% premarket after the company reported lower-than-expected quarterly revenueThe following is the revenue report. Refinitiv’s consensus was $1.57 trillion. The revenue reported by the cryptocurrency exchange was $1.31 billion. Although monthly transactions users decreased from quarter to quarter at 7.4million, they grew over the preceding year.

Poshmark (POSH) — Poshmark shares plunged more than 31% in early morning trading after the online marketplace reported quarterly financial results. On revenue of $79.7million, the company reported a 9-cent loss per share. Wall Street analysts expected to see a 7-cent loss per share, compared with $82.7 million. Poshmark forecasted a loss of 7 cents per share, compared to $82.7 million. weaker-than-expected holiday-quarter revenue.

DoorDash (DASH) — Shares of DoorDash surged more than 15% before the bell as the food delivery platform announced it will acquire international delivery platform WoltIn a deal valued at $8.1billion, it was its largest acquisition. While the revenue estimate was higher than what analysts had expected, the quarterly loss reported by the company was larger than anticipated.

FuboTV (FUBO) — Shares of FuboTV fell roughly 8% in the premarket after the sports live television streaming platform reported weaker-than-expected financial results. In the third quarter of 2013, FuboTV posted a loss and revenue of $166.7 million. Analysts had expected to see a loss in the third quarter of 63c per share for revenue of 143.6 million.

Wendy’s (WEN) — Shares of Wendy’s gained more than 1% in early morning trading after the fast-food chain posted quarterly financial results above expectations. According to Refinitiv, Wendy’s earned 19 cents per sen on revenues of $470.3million, as opposed to the expected 18 cents on revenue $470.2 million.

Palantir (PLTR) — Palantir share fell more than 2% before the bell after RBC downgraded the stockThe stock is expected to outperform the sector perform, so RBC has reduced its target price to $19 per Share from $25. RBC in its call was quoted Palantir’s slowing revenue growth

Alphabet (GOOGL) — Google-parent Alphabet shares traded in mildly negative territory in the premarket after the European Union’s General Court upheld the European Commission’s orderTo fine Google $2.8 billion for an antirust breach