Stock Groups

Foot Locker, Cinemark, Dell and others


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

Foot Locker (FL) – Foot Locker shares slumped 16.1% in the premarket after the athletic apparel and shoe retailer gave a weaker-than-expected full-year profit and comparable-store sales outlook. It cited changes to its vendor mix, as well as the decline in fiscal stimulation compared to a year earlier. Foot Locker posted better than expected results in its fourth quarter fiscal year, with an unexpected increase in comp sales.

Cinemark (CNK) – Cinemark jumped 3.7% in the premarket after the movie theater operator reported an unexpected quarterly profit and revenue that beat Wall Street forecasts. The Covid-19 restrictions being relaxed led to an increase in attendance.

Dell Technologies (DELL) – Dell tumbled 9% in premarket action after saying it expected its order backlog to swell this quarter, with supply chain issues limiting its ability to fulfill strong order demand.

Block (SQ) – Block surged 16.5% in premarket trading after the payments company formerly known as Square reported better-than-expected profit and revenue for its latest quarter. Block provided a positive outlook for the quarter and for the entire year, citing the growing popularity of its Cash app.

LendingTree (TREE) – The financial services company’s stock added 2.6% in the premarket after reporting a narrower-than-expected loss and revenue that exceeded analyst forecasts. LendingTree experienced strong performances in its consumer segments during the quarter.

Coinbase (COIN) – Coinbase reported quarterly earnings of $3.32 per share, well above the consensus estimate of $1.85, with the cryptocurrency company’s seeing revenue also topping Wall Street forecasts. Coinbase warned that the volatility of the cryptocurrency market would result in lower volumes this quarter. Coinbase lost 2% during premarket trading.

Beyond Meat (BYND) – Beyond Meat slid 10.8% in the premarket after reporting a wider-than-expected quarterly loss and revenue that fell slightly short of Wall Street forecasts. As it expected a temporary interruption in U.S. Retail growth, the maker of plant-based substitutes for meat also gave a weaker than anticipated forecast.

Etsy (ETSY) – Etsy shares surged 17.4% in premarket action after the online crafts marketplace beat quarterly estimates and issued a strong forecast. Etsy’s latest quarter saw $1.11 per share, up from a consensus estimate at 79cs. This is because it still sees the same high demand as during the pandemic.

Zscaler (ZS) – Zscaler took an 11.6% hit in the premarket despite beating quarterly estimates on the top and bottom lines. Investors have been focusing on Zscaler’s poorer than expected outlook, despite the fact that it recorded its strongest year-over–year revenue growth in three decades.

Farfetch (FTCH) – Farfetch soared 30.5% in premarket action even though its adjusted quarterly loss of 3 cents per share merely matched estimates and revenue fell below the consensus estimate. After a tumble in stock prices, the luxury fashion retailer was now profitable.

KAR Auction Services (KAR) – CarvanaKAR Auction Services, an online seller of used cars, has purchased KAR Auction Services in the U.S. to increase its physical presence for $2.2 billion. KAR rocketed by 66.2% and Carvana rose just 0.8% during the premarket.