Finance News

Shares Making the Largest Strikes forward of the market: Pfizer, Canada Goose, Dwell Nation, and extra

Check out the companies that make the headlines before the doorbell rings:

Pfizer (PFE) – The drugmaker's shares rose 9.4% in pre-market trading after a study showed its experimental Covid-19 antiviral pill reduced the risk of hospitalization and death by nearly 90%. Pfizer said it would ask regulators to approve the pill as soon as possible.

Canada Goose (GOOS) – The apparel maker reported unexpected earnings for its final quarter as well as better-than-expected sales, and also raised its full-year forecast. Canada Goose also said it sees signs of a strong winter season and stocks rose 4.6% ahead of the market.

Live Nation Entertainment (LYV) – Live Nation stocks rose 5.4% ahead of launch after the event promoter returned to profitability amid a surge in sales as live events returned to profitability. The results exceeded analyst estimates.

DraftKings (DKNG) – The sports betting company's stock slipped 3.5% in the premarket after posting unexpectedly high losses and revenue that fell short of Street forecasts. DraftKings has raised the center of its revenue guidance for fiscal year 2021 and expects a strong year 2022.

Canopy Growth (CGC) – The Canadian cannabis producer lost 3 cents a share in the most recent quarter, less than the 20 cents that analysts had expected. However, sales fell short of estimates and the company posted slower-than-expected sales growth for the second half of fiscal 2022. The stock lost 3.5% early on the market.

Peloton (PTON) – Peloton slumped 31.8% in premarket after the fitness equipment maker cut its full-year revenue forecast by $ 1 billion as demand for bikes and treadmills weakened. Peloton also reported a quarterly loss of $ 1.21 per share, which was higher than analysts' forecast loss of $ 1.07, and earnings also fell short of estimates.

Expedia (EXPE) – Expedia earned an adjusted $ 3.53 per share for the last quarter, well above the consensus estimate of $ 1.65. Revenue was also higher than expected, with the travel services company benefiting from increased travel demand. Expedia gained 13.2% in pre-market trading.

Airbnb (ABNB) – Airbnb gained 6.2% in premarket as the surge in travel demand increased revenue and earnings beyond Wall Street projections. Airbnb earned $ 1.22 per share last quarter, beating the consensus estimate of $ 0.75, with revenue hitting a record high. The company also said it was expecting a strong holiday season.

Uber Technologies (UBER) – Uber reported its first profitable quarter on an adjusted basis thanks to the positive performance of its ridesharing and food delivery services. It posted an overall loss due to the depreciation of its stake in Chinese driver service provider Didi (DIDI). Uber gained 1.2% in pre-trading.

Pinterest (PINS) – Pinterest was 5 cents above estimates with adjusted quarterly earnings of 28 cents per share, and the image-sharing site operator's revenue also exceeded analyst forecasts. It also forecasts a positive quarter now as the online retailer spends more on Christmas ads. Pinterest rose 4.5% in the premarket campaign.

Shake Shack (SHAK) – Shake Shack reported a quarterly loss of 5 cents per share, 1 cent less than Wall Street expected, but the restaurant chain's sales missed analyst forecasts. Despite the loss of sales, Shake Shack grew by 6.3% in the premarket.

Square (SQ) Square met estimates with quarterly earnings of 37 cents per share, while the mobile payment company's revenue missed forecast. Square saw profits nearly 60% year-over-year, thanks largely to an increase in Bitcoin transactions, but the stock lost 3.7% in pre-trading hours.

Lions Gate Entertainment (LGF) – The film and television studio is considering selling or spinning off its premium cable channel, Starz, and sees the potential for significant shareholder value. The share rose by 15.1% before the IPO.

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