Regeneron, Planet Fitness, ViacomCBS and more
Check out the companies making headlines before the bell:
Regeneron Pharmaceuticals (REGN) – The drug maker’s shares rallied 2.7% in the premarket after it reported a significant beat on both the top and bottom lines for its latest quarter. Regeneron earned an adjusted $15.37 per share, well above the $10.10 consensus estimate, on strong sales of its Covid-19 antibody cocktail as well as other treatments.
Planet Fitness (PLNT) – The fitness center operator’s stock surged 4.7% in premarket action after beating on the top and bottom lines and raising its full-year revenue forecast. Planet Fitness earned an adjusted 25 cents per share for its latest quarter, 7 cents above estimates.
ViacomCBS (VIAC) – ViacomCBS rose 1.2% in premarket trading after its quarterly earnings matched estimates and revenue came in better than expected. Results got a boost from strength in the company’s streaming and TV businesses.
Moderna (MRNA) – Moderna tumbled 12.1% in premarket action, following quarterly shortfalls in both earnings and revenue as well as a cut in the drug maker’s full-year earnings outlook. Moderna earned $7.70 per share for its latest quarter versus the $9.05 consensus estimate.
Wayfair (W) – The online home goods seller slid 4.4% in the premarket after it reported an unexpected quarterly profit but saw revenue fall below analyst forecasts. Wayfair noted that spending has started to transition toward brick-and-mortar stores post-pandemic and it may take a few quarters for its growth to return to normal levels.
Booking Holdings (BKNG) – Booking Holdings rallied 4.6% in the premarket after the travel company reported better-than-expected profit and revenue for its latest quarter. The Priceline parent earned an adjusted $37.70 per share, compared with the $32.90 consensus estimate, and investors so far are shrugging off the company’s cautionary comments about a Covid-19 resurgence in Europe.
Qualcomm (QCOM) – Qualcomm beat estimates by 29 cents with adjusted quarterly earnings of $2.55 per share, and the chip maker’s revenue also beat forecasts. Qualcomm also forecasts strong growth, driven by demands for 5G smartphone technology. Shares jumped 8.3% in premarket trading.
Electronic Arts (EA) – Electronic Arts reported an adjusted quarterly profit of $1.49 per share, compared with a consensus estimate of $1.17. The video game maker also beat on the top line. EA also raised its full-year outlook amid strength in its sports-themed games. Electronic Arts added 2.9% in the premarket.
Take-Two Interactive (TTWO) – Take-Two had a quarter that mirrored rival Electronic Arts, beating on both the top and bottom lines, and raising its outlook. Take-Two reported adjusted earnings of $1.63 a share, beating the consensus estimate of $1.34, and its stock added 1.1% in premarket action.
Roku (ROKU) – Roku shares slid 7.9% in premarket trading despite an earnings beat. The video-streaming device maker earned 48 cents per share for its latest quarter, well…