Walmart, AutoNation, Cisco and others
[ad_1]
See which companies are making the headlines even before the bell rings.
Walmart (WMT) – Walmart stock rose 2.9% in the premarket after the retail giant reported better-than-expected quarterly results. Walmart posted an adjusted $1.53 per Share, which was 3 cents more than estimates. It also issued a positive forecast and announced a dividend increase.
AutoNation (AN) – The auto retailer earned an adjusted $5.76 per share for the fourth quarter, beating the consensus estimate of $4.96. Due to a 55% rise in the number of used cars sold, revenue was also higher than expected. AutoNation shares rose 3% during premarket trades.
DoorDash (DASH) – DoorDash soared 24.1% in premarket trading after the food delivery service issued an upbeat outlook for the current quarter. Doordash posted a loss for the fourth quarter but experienced a 69% increase in revenue for 2021, despite restaurants being reopened for dine–in.
Cisco (CSCO) – Cisco beat estimates by 3 cents with adjusted quarterly earnings of 84 cents per share. Cisco, a networking software and equipment maker reported higher-than expected revenue. It also issued a positive full-year outlook due to strong cloud computing demand. The premarket saw Cisco rise 3.5%
Nvidia (NVDA) – Nvidia reported adjusted quarterly earnings of $1.32 per share, 10 cents above estimates. Nvidia also posted a better than expected quarter-end revenue and expressed optimism. Concerns about the company’s exposure to cryptocurrency markets and flat profit margins put pressure on the stock. Nvidia fell 2.5% during premarket activity.
Palantir Technologies (PLTR) – The software platform provider’s stock slid 8% in premarket trading after quarterly earnings fell short of forecasts. While revenue exceeded expectations, Palantir’s adjusted profit was only half what analysts expected.
Tripadvisor (TRIP) – Tripadvisor tumbled in the premarket after reporting an unexpected quarterly loss and revenue that fell short of analyst forecasts. After what the operator of travel review sites said was unexpected periods of virus resurgence in 2021, it anticipates significant improvements in the market for travel this year. In premarket trading, shares fell 7.9%.
Fastly (FSLY) – Fastly shares plummeted 31.9% in the premarket after the internet content delivery company gave lower-than-expected 2022 guidance. Fastly reported a narrower-than-expected fourth-quarter loss and revenue that came in above consensus estimates.
Hasbro (HAS) – Hasbro rallied 4% in premarket trading after activist investor Alta Fox Capital Management nominated five directors to the toy maker’s board. Alta Fox has been pushing Hasbro to disintegrate its rapidly-growing games business.
Cheesecake Factory (CAKE) – The restaurant operator’s shares jumped 4% in the premarket even though earnings came in below forecasts. Although a revenue increase was not offset by higher input costs, Cheesecake Factory said that it plans to hike the prices of its new menus. It also stated that they may raise prices later in the year.
[ad_2]