Stock Groups

Pfizer, BioNTech, Weber and others

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

Pfizer (PFE), BioNTech (BNTX) – The companies said studies showed that three doses of their Covid-19 vaccine neutralized the omicron variant, while two doses still offered protection. Pfizer, BioNTech and others said that they are still working on an omicron specific vaccine. Pfizer was up 1.4%, while BioNTech saw a 1.5% increase.

Campbell Soup (CPB) – The food producer beat estimates by 8 cents with adjusted quarterly earnings of 89 cents per share, although revenue was slightly below analyst forecasts. Campbell stated that demand for its products remains high and it has been able mitigate the effects of rising input costs by implementing strong pricing and improving productivity. Premarket, the stock gained 1.4%.

Thor Industries (THO) – The recreational vehicle maker earned $4.34 per share for its latest quarter, well above the $3.24 consensus estimate. Due to continued high demand, revenue was also higher than Wall Street estimates. Thor rose 6% during premarket trading.

Weber (WEBR) – The grill maker’s stock rose 1% in the premarket after it reported a narrower-than-expected loss for its latest quarter and beat Wall Street revenue forecasts. Weber suffered a loss of 13 cents per share which was 5 cents lower than what analysts anticipated.

Stitch Fix (SFIX) – Stitch was hammered by 23.9% in the premarket after issuing current-quarter revenue guidance and membership metrics that fell short of Wall Street forecasts. The online apparel retailer did post a narrower-than-expected loss for its latest quarter and better-than-expected revenue, but not enough to sway investor concerns.

ChargePoint Holdings (CHPT) – ChargePoint posted an adjusted loss of 14 cents per share for its latest quarter, 1 cent wider than anticipated, while the charging station network operator saw revenue slightly above estimates. The company did give stronger-than-expected current-quarter revenue guidance and raised its full-year outlook. ChargePoint lost 2.7% in premarket trades despite the positive outlook.

PagerDuty (PD) – PagerDuty reported an adjusted quarterly loss of 7 cents per share, 2 cents narrower than analysts had predicted, while revenue topped Street forecasts. Its IT response software maker also provided better-than-expected revenue guidance for the current quarter. In premarket action, its stock surged 10.9%.

Toll Brothers (TOL) – Toll Brothers earned $3.02 per share for its latest quarter, compared with a consensus estimate of $2.49, while the luxury home builder also reported better-than-expected revenue. As demand continues to be high, it projects 20% revenue growth for fiscal 2022. Toll increased 1.5% in premarket.

Robinhood (HOOD) – Robinhood filed to terminate a planned share sale by backers of the trading platform company. Stock rose by 3% during the premarket.

BlackRock (BLK) – The asset management firm is pulling about $2 trillion of assets from State StreetBlackRock used to be the exclusive custodian of its ETFs, (STT). BlackRock is shifting ETF custody to another company. Citigroup (C), JPMorgan Chase(JPMM) Bank of America (BAC).

Dave & Buster’s (PLAY) – Dave & Buster’s beat estimates by 8 cents with a quarterly profit of 23 cents per share, while the operator of entertainment center-themed restaurants also saw revenue come in above Street forecasts. Dave & Buster’s rallied 4.5% in the premarket.

Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.