New York Times, CVS Health, Humana and more
Try the businesses making headlines earlier than the bell:
New York Times (NYT) – The newspaper writer’s shares jumped 3.9% within the premarket after it beat estimates by 3 cents with an adjusted quarterly revenue of 23 cents per share. Income additionally beat estimates amid rising promoting and digital gross sales.
CVS Health (CVS) – The drug retailer operator and pharmacy advantages supervisor beat estimates by 19 cents with adjusted quarterly earnings of $1.97 per share and income topping Wall Avenue forecasts as nicely. Outcomes obtained a lift from elevated demand for Covid testing and vaccinations.
Humana (HUM) – The well being insurer reported adjusted quarterly earnings of $4.83 per share, beating the consensus estimate of $4.66, whereas income beat Avenue forecasts on power in Humana’s Medicare Benefit enterprise.
Capri Holdings (CPRI) – The corporate behind the Michael Kors and Versace manufacturers noticed its inventory surge 9.9% in premarket buying and selling, after beating earnings and income estimates for its newest quarter. Capri earned an adjusted $1.53 per share, nicely above the consensus estimate of 95 cents, and likewise raised its full-year outlook.
Tupperware (TUP) – Tupperware plummeted 16.8% within the premarket, as gross sales for the meals storage merchandise firm got here in nicely beneath Wall Avenue forecasts. The corporate factors to persistent unfavorable impression from the pandemic, amongst different elements.
Norwegian Cruise Line (NCLH) – The cruise line operator’s inventory slid 2.6% within the premarket after it reported a wider-than-expected loss and income that fell in need of analyst estimates. Norwegian mentioned it expects optimistic money circulate within the first quarter of 2022 and expects to be worthwhile within the second half of the 12 months.
Bed Bath & Beyond (BBBY) – Mattress Bathtub & Past rocketed 57.3% increased in premarket motion after saying an in-store partnership with Kroger (KR) and mentioned its share buyback program was continuing forward of schedule. The shopping for spree was spurred by that optimistic information, mixed with the truth that the housewares retailer’s inventory is among the most closely shorted on Wall Avenue.
Mondelez International (MDLZ) – Mondelez beat estimates by a penny with adjusted quarterly earnings of 70 cents per share, with the snack maker’s income beating forecasts as nicely. The corporate additionally mentioned it could elevate costs on snacks like Oreo cookies because it tries to maintain up with rising commodity and labor prices. Mondelez rose 1% within the premarket.
Zillow Group (ZG) – Zillow is exiting its home-flipping enterprise, saying its algorithm designed to profitably purchase and promote houses would not work as meant. The true property agency additionally introduced an sudden quarterly loss and decrease than anticipated income for its newest quarter. Zillow shares tumbled 17.6% in premarket buying and selling.
T-Mobile US (TMUS) – T-Cellular got here in 2 cents forward of estimates with quarterly earnings of 55 cents per share, though the cell service supplier’s income missed Avenue forecasts. T-Cellular added 673,000 subscribers through the quarter, beating analyst forecasts however in need of the numbers achieved by rivals like AT&T (T). T-Cellular shares gained 3.2% in premarket motion.
Lyft (LYFT) – Lyft shares surged 12.5% in premarket buying and selling, after reporting earnings of an adjusted 5 cents per share for its newest quarter, in comparison with an anticipated lack of 3 cents per share. The ride-hailing service’s income additionally topped Wall Avenue forecasts, with Lyft benefitting from rising rider demand in addition to increased costs.
Activision Blizzard (ATVI) – Activision Blizzard noticed its shares tank 12.2% within the premarket after it introduced a delay within the launch of two video games in addition to issuing a weaker-than-expected outlook for the vacation quarter. The videogame maker did beat bottom-line forecasts for its newest quarter, coming in 2 cents forward of estimates with an adjusted quarterly revenue of 72 cents per share.
Camping World (CWH) – The leisure automobile retailer’s inventory rallied 6.7% within the premarket after it reported quarterly earnings of $1.98 per share, nicely above the 55 cent consensus estimate, with income additionally nicely above Avenue forecasts.