Stock Groups

Generac, Shopify, La-Z-Boy and others


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

Generac (GNRC) – The maker of generators and power equipment saw its stock rise 2.6% in the premarket after beating top and bottom-line estimates for the fourth quarter. Generac’s adjusted share price was $2.51, which is 11 cents more than the estimates. This comes despite both residential and commercial sales increasing by over 40%.

Shopify (SHOP) – Shopify fell 4% in premarket action despite reporting better-than-expected quarterly profit and revenue. It said that revenue growth would slow down in 2022 than it saw in 2021, when the platform operated e-commerce platforms.

Kraft Heinz (KHC) – The food maker’s stock was up 1.3% in the premarket after reporting its adjusted quarterly profit of 79 cents per share beat estimates by 16 cents. Wall Street expectations were exceeded as well.

La-Z-Boy (LZB) – La-Z-Boy tumbled 12.5% in premarket trading after the furniture company reported a quarterly profit of 65 cents per share, well below the 89-cent consensus estimate. The furniture manufacturer best known as its signature recliners has experienced multiple production issues with Covid-19. This left it unsatisfied.

Wynn Resorts (WYNN) – Wynn Resorts reported a quarterly loss of $1.37 per share, wider than the $1.25 per share loss expected by Wall Street analysts, although the casino operator’s revenue beat estimates. The overall result was affected by the nearly 28% decrease in Wynn’s Macau income. Wynn lost 2.3% on the premarket

Trade Desk (TTD) – The stock surged 10.5% in the premarket after the programmatic ad company reported adjusted quarterly earnings of 42 cents per share, 14 cents above estimates, with revenue also topping Wall Street forecasts.

Hilton (HLT) – The hotel operator missed estimates by 2 cents with adjusted quarterly earnings of 74 cents per share. Due to a strong travel recovery, revenue slightly exceeded estimates.

ViacomCBS (VIAC) – ViacomCBS announced it will change its corporate name to Paramount Global, effective Thursday, in an effort to emphasize its Paramount+ streaming service and to take advantage of Paramount’s brand recognition. The media company also reported a quarterly adjusted profit of 26c per share. This was lower than the consensus 43 cent estimate. Premarket trading saw shares slump 11.3%.

Airbnb (ABNB) – Airbnb reported record revenue for 2021, better-than-expected fourth-quarter results, and issued an upbeat current-quarter forecast. According to Airbnb, the home-rental company was able to benefit from the shift in consumer preference away from hotels due the pandemic. It also stated that current quarter bookings will likely exceed the pre-pandemic level for the first-time. Airbnb shares gained 3.5% during the premarket

Roblox (RBLX) – Roblox stock plummeted 15.2% in premarket action after reporting a loss of 25 cents per share for its latest quarter, nearly double the 13-cent loss analysts had anticipated. In addition to lower revenue than expected, the social gaming platform operator saw flat user counts and engagement hours that were below forecasts.

Cedar Fair (FUN) – Cedar Fair rejected a takeover bid from rival theme park operator SeaWorld EntertainmentSeaWorld confirmed that there was an offer, but didn’t confirm the reported $3.4 million price. Cedar Fair also reported an increase in revenue than expected and record spending from visitors to its parks. Cedar Fair stock fell 12.3%, SeaWorld dropped 4.2% in premarket.