Travelers, American Airlines, Signet Jewelers and more
Take a look at the top companies that made headlines long before the bell rang.
Travelers (TRV) – The insurance company reported a quarterly profit of $5.20 per share, well above the $3.86 consensus estimate, with revenue also beating analyst forecasts. The company’s stock gained 2.5% in premarket, thanks to stronger investment income and better underwriting results.
American Airlines (AAL) – American gained 1.3% in premarket trading after it reported a quarterly loss of $1.42 per share, 6 cents narrower than anticipated. Strong holiday demand helped American Airlines report better than expected revenue.
Signet Jewelers (SIG) – The jewelry retailer saw its stock surge 5.9% in the premarket after it said total holiday season sales rose 30.4% and same-store sales jumped 25.2%.
United Airlines (UAL) – United Airlines lost $1.60 per share for the fourth quarter, narrower than the $2.11 loss that analysts were anticipating. Although revenue was higher than expected, United claimed that short-term bookings were being affected by the introduction of the Covid-19 variant. However, it anticipates this to only be temporary. United lost 1.4% during premarket trades.
Ford (F) – Ford lost 2% in the premarket after Jefferies downgraded the automaker’s stock to “hold” from “buy.” Jefferies stated that the optimism about Ford’s plans for electric vehicles drove Ford stock higher than it was necessary and had very limited upside potential.
Regions Financial (RF) – The bank’s stock tumbled 4.9% in premarket trading after it reported lower-than-expected quarterly earnings, with revenue matching analyst estimates.
Electronic Arts (EA) – Electronic Arts could be the next attractive target in the gaming sector following MicrosoftBuy a’s MSFT deal Activision Blizzard(ATVI), as per a column today in Financial Times. Electronic Arts saw a 1% increase in premarket sales.
Discover Financial Services (DFS) – Discover reported a quarterly profit of $3.64 per share, 5 cents below estimates, with revenue also falling short of analyst forecasts. Premarket trading saw the stock fall 3%.
Alcoa (AA) – Alcoa reported adjusted quarterly earnings of $2.50 per share, beating the $1.90 consensus estimate, with revenue essentially in line with expectations. Alcoa saw a rise in aluminum prices as its stock price increased 1.9% on the premarket.
Casper Sleep (CSPR) – Casper Sleep surged 12.9% in premarket trading after shareholders approved a deal to take the mattress company private. It is anticipated that the transaction will be finalized next week.