Stock Groups

Amazon, Snap, Ford and more


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

Regeneron Pharmaceuticals (REGN) – The drugmaker reported adjusted quarterly earnings of $23.72 per share, beating the $18.35 consensus estimate. Strong sales of Covid-19 antibody therapy by the company and Eylea eye drug Eylea helped boost revenue. Regeneron indicated that the company is working hard to create a more effective treatment against Omicron variants of Covid-19.

Bristol-Myers (BMY) – Bristol-Myers rose 1% in premarket trading after the drugmaker reported better than expected quarterly profit and revenue that was just slightly below estimates. In addition to reaffirming its long-term projections, the company announced a $15 million share-purchase authorization.

BJ’s Wholesale (BJ) – The warehouse retailer’s stock rose 2% in the premarket after Deutsche Bank upgraded it to “buy” from “hold.” Deutsche Bank points out the stock’s 10% decline so far in this year, as well as shifting consumer purchasing habits towards value-oriented retailers. (AMZN) – Amazon reported adjusted quarterly earnings of $5.80 per shareIt was well in excess of the consensus estimate at $3.57. Although revenue was slightly lower than expected, Amazon managed to overcome its challenges with cost control and high performance in cloud computing and advertising businesses. Amazon also increased membership fees by $20 to its Prime program, which will now cost $139 annually. Premarket trading saw a 11.8% increase.

Clorox (CLX) – Clorox tumbled 12.9% in premarket action after it fell 18 cents short of forecasts with adjusted quarterly profit of 66 cents per share. Although revenue was slightly higher than expected, the household product maker saw its profit margins drop significantly due to “challenging cost environments”.

Snap (SNAP) – Snap rocketed 46.7% in the premarket after it reported its first-ever quarterly profit. The adjusted quarterly earnings for the quarter were 22 cents each share, which is more than twice its 10 cent consensus estimate. Snapchat parent reported better-than expected revenue, and offered a optimistic outlook. It stated that the company was making improvements in adapting to Apple’s privacy policies.

Pinterest (PINS) – Pinterest came in 4 cents ahead of Wall Street forecasts with an adjusted quarterly profit of 49 cents per share. As expected, it reported higher revenue than expected. Due to growing ad revenues, the social network also had its first ever profitable year. The premarket saw Pinterest rise by 14.4%

Ford (F) – Ford reported adjusted quarterly earnings of 26 cents per share, well short of the 45 cent consensus estimate. With the supply shortages and production problems, Ford’s revenues were also somewhat below expectations. Ford fell 5.9% during premarket trading.

Unity Software (U) – Unity Software reported better than expected quarterly results and the video game content creation platform operator also projected upbeat current quarter results. Unity stated that the transition to 3D interactive gaming will provide it with significant growth opportunities over the next decades. Premarket, the stock gained 11.3%.

News Corp (NWSA) – News Corp beat top and bottom-line estimates for its latest quarter, with the media company benefiting from growth in digital real estate services, book publishing and its Dow Jones division. News Corp saw a 6.9% increase in premarket trading.

Skechers (SKX) – Skechers came in 10 cents above analyst forecasts with an adjusted quarterly profit of 43 cents per share, with the footwear retailer also reporting better than expected revenue as it successfully bet on demand for casual and comfortable shoes. Premarket, the stock surged by 7.9%.