Find out which companies are making headlines during pre-market trading hours –
Nivea – Shares of the Santa Clara, Calif.-headquartered multinational semiconductor company rose more than 9 percent in early trading after reporting better-than-expected results for the latest quarter. Investors feel confident about the stock as Wall Street analysts say opportunities related to developments in AI will be the next big growth vector for the chip maker.
eBay – Despite posting fourth-quarter revenue and earnings that beat analysts’ expectations, shares of the multinational ecommerce company fell 5% in early trading on weak earnings forecasts for the upcoming quarter. Below Wall Street’s expectations of $1.06 per share.
Bathing and Body Works – After releasing its fourth-quarter earnings report, shares of U.S. retail store chain Bath & Body Works fell more than 4 percent for the first quarter and full year after the company issued weaker-than-expected guidance. Investors are keeping a close eye on the company due to its conservative outlook on the future, which has caused the share price to decline.
EC – In premarket trading, the Brooklyn-based e-commerce company’s stock rose nearly 5% after it released its latest quarterly earnings report. Additionally, Etsy gave a positive outlook for the current quarter, forecasting revenue of $600 million to $640 million, beating Wall Street’s estimate of $622 million.
Lucid Motors – Shares of the American electric vehicle maker fell 14 percent in pre-market hours after reporting fourth-quarter earnings and financials that fell short of market expectations. The EV maker also revealed that it only produced 7,000 Air luxury sedans last year, citing manufacturing challenges.
Dollar Total – Tennessee-based discount store chain Dollar General ( DG ) saw its shares fall sharply in early trading on Thursday after the company’s preliminary Q4 results fell short of expectations. Dollar General lowered its EPS guidance for the holiday quarter to $2.91 to $2.96, down from $3.15 to $3.30, which fell short of the consensus estimate of $3.26.
Ali Baba – In premarket trading on Thursday, shares of Alibaba Group rose 6 percent as investors cheered the company’s third-quarter performance. The company posted revenue of $35.92 billion (247.76 billion yuan), up 2 percent from the same quarter last year, beating market expectations of 245.18 billion yuan.
Bumble – The online dating site saw an increase of more than 3% in premarket trading after posting impressive fourth-quarter earnings and revenue. The company reported revenue of $191 million, beating analysts’ estimates of $186 million. Additionally, revenue of $242 million was better than the $236 million forecast.
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