Amazon, Boeing, CrowdStrike and others
Take a look at the top companies that made headlines long before the bell rang.
Amazon.com (AMZN) – Amazon jumped 5.3% in the premarket after it announced a 20-for-1 stock split and a $10 billion share buyback program. Following a similar move made by Google parent, the 20-for-1 stock split is expected to occur. Alphabet(GOOGL), earlier in the year, and has revived discussion about Amazon or Alphabet becoming members of Dow Jones Industrial Average.
Boeing (BA) – The FAA has finalized safety directives aimed at fixing Pratt & Whitney engine issues on certain Boeing 777 jets. Boeing will now outline the steps that airlines must take in order to comply with the FAA requirements. Boeing lost 1.5% on the premarket.
CrowdStrike (CRWD) – CrowdStrike surged 12.5% in premarket trading after reporting better-than-expected quarterly profit and revenue. CrowdStrike also released a positive 2022 outlook. CrowdStrike stated that it will aggressively pursue market share, as cybersecurity demand increases.
Asana (ASAN) – Asana shares tumbled 24.1% in the premarket after the collaboration software company forecast a wider-than-expected loss for the current quarter. Asana reported a narrower-than-expected loss for its most recent quarter, as well as revenue that exceeded analyst forecasts.
Marqeta (MQ) – Marqeta rallied 7.4% in premarket action after reporting better-than-expected quarterly revenue and a breakeven quarter in the face of an expected bottom-line loss. Also, the fintech firm issued a positive forecast for current-quarter revenues.
JD.com (JD) – JD.com reported better-than-expected profit and revenue for its latest quarter as more shoppers used its e-commerce platform. The company, which is based in China, also saw its lowest revenue growth rate since the beginning of 2020. Premarket, its stock dropped 6.5%
Wheels Up Experience (UP) – The private aviation company reported a quarterly loss of 31 cents per share, 6 cents wider than the consensus estimate. However, revenue was much higher than expected at $345million, which represents a 64% increase over the previous year, and active membership increased by 31%. Premarket shares of Wheels Up gained 4%.
Anthem (ANTM) – The health insurer plans to change its name to Elevance Health, according to the Wall Street Journal. This move will need shareholder approval and is intended to reflect its expanding corporate portfolio.
Genesco (GCO) – The footwear and accessories retailer reported better-than-expected quarterly revenue and profit, with same-store sales rising 10% and e-commerce sales jumping 36%, compared with a year ago.