Check out the companies that made headlines hours ago:
Bioentech (BNTX) – Pharmaceutical manufacturer’s shares jumped 5.9% in the pre-market after reporting significant fourth-quarter earnings and profits. BioNTech has reiterated its previous vaccine revenue guidelines for 2022.
Five below (five) – Discount retailer stock fell 3.4% in premarket trading after mixed quarterly reporting. Beats estimates by a penny with quarterly earnings of $ 2.49 per share, but both revenue and comparative sales fell below analyst forecasts.
RH (RH) – RH in premarket trading fell 2.8% after high-end furniture retailers reported lower-than-expected earnings for its most recent quarter, although its profit was slightly above Wall Street forecasts. RH has also announced a 3-for-1 stock split.
Lululemon (LULU) – Despite a quarterly revenue loss, Lululemon premarket action increased 7.4%. The athletic apparel company posted quarterly earnings per share of $ 3.37, 9 cents higher than expected, and optimistic guidance for 2022. Lululemon also announced a $ 1 billion share buyback program.
Micron Technology (MU) – Micron reported a consistent quarterly profit of $ 2.14 per share, 17 cents more than estimated. Computer chip makers also reported better-than-expected earnings due to strong growth in data center and smartphone chip sales. Micron has released an exorbitant revenue forecast for the current quarter and stocks in the primary market jumped 4.1%.
Chewy (CHWY) – Chewy stock hit 13.5% in premarket trading after missing the top and bottom lines for the most recent quarter. Pet retailers lost 15 cents per share, more than the 8-cents loss analysts had expected, as labor costs rose and profit margins narrowed.
Norfolk Southern (NSC) – Norfolk Southern premarket trading rose 2.1% after rail operator announced a new $ 10 billion share buyback program.
WeWork (WE) – WeWork CEO Sandeep Mathrani has added an additional role of chairman to an office-sharing company. He filled the void left by former chairman Marcelo Claire when he left earlier this year. WeWork added 3% to the premarket.
Pearson (PSO) – Private equity firm Apollo says it has lost 7.1% of its stock of educational publishers in the premarket and is unwilling to offer after it failed to reach an agreement with Pearson on a potential takeover bid.
Wafer (W) – Furniture and home decor retailer shares hit 4.5% in premarket trading after loop capital stocks were downgraded from “hold” to “sell”, ahead of the negative impact of the Fed’s tightening and end of covid-related stimulus. .