Take a look at some of the biggest drivers in the pre-market:
Dollar General (DG) – Dollar General’s shares plunged 6.1% in the pre-market share after the discount retailer lost estimates of 10 cents per share, with quarterly earnings of $ 2.62 per share. The company exceeded revenue estimates as sales at comparable stores increased more than expected.
Signet Jewelers (SIG) – The jewelry retailer’s shares jumped 5.7% in the pre-market, after an optimistic quarterly report. Signet earned $ 4.15 per share, compared to a consensus estimate of $ 3.54 per share. Revenue was above expectations also amid strong sales at comparable stores.
Petco (WOOF) – In its first report since going public in January, the pet supplies retailer reported quarterly earnings of 17 cents per share, 6 cents per share above estimates. Revenue was also above Wall Street forecasts, with comparable store sales growing 17%. The shares gained 3.2% in the pre-market.
Accenture (ACN) – The consulting firm reported quarterly earnings of $ 2.23 per share, exceeding the consensus estimate of $ 1.90 per share. Revenue also exceeded forecasts. Accenture has also increased its profit forecast as more companies use its services to migrate to cloud-based operations. Accenture added 2.2% in the pre-market negotiations.
Apple (AAPL) – Apple is planning to launch a new line of iPads as early as next month, according to a report by Bloomberg. IPad sales increased last year as more people worked and attended school remotely due to the pandemic. Apple fell 1% in pre-market share.
Five Below (FIVE) – The discount retailer beat estimates by 9 cents per share, with quarterly earnings of $ 2.20 per share. Revenue was also above Wall Street forecasts, driven by a 14% jump in comparable store sales. The shares rose 5.7% in the pre-market.
Coherent (COHR) – The bidding battle for the manufacturer of laser products continues, with a new offer from the manufacturer of optical components II-VI (IIVI) worth about $ 7 billion in cash and shares. Coherent originally agreed to be acquired by telecommunications equipment maker Lumentum (LITE) in January, but later became the target of a three-way dispute between II-VI, Lumentum and MKS Instruments (MKSI) that has now resulted in a total of 9 proposals. Coherent totaled 3.4% in the pre-market, while II-VI fell 1.6%.
Williams-Sonoma (WSM) – Williams-Sonoma reported quarterly earnings of $ 3.95 per share compared to a consensus estimate of $ 3.39 per share. The household appliance retailer’s revenue also surpassed estimates, helped by people who spend more time at home in the midst of the pandemic. The company also announced an 11% increase in dividends and authorized a $ 1 billion share buyback program. Williams-Sonoma rose 11.1% in pre-market stocks.
PagerDuty (PD) – PagerDuty lost 7 cents per share in the last quarter, less than 11 cents per share that Wall Street analysts were anticipating. The operating software company’s revenue exceeded forecasts, but expects a greater loss for the entire year than analysts had predicted. The shares fell 4.4% in the pre-market.
Nikola (NKLA) – Nikola said South Korean shareholder Hanwha plans to sell up to half its stake in the electric truck maker this year, reducing its stake by 5.65%. Nikola added that the manufacturer of optoelectronic components remains an “important strategic partner”. Its shares lost 3.6% in the pre-market.
Lordstown Motors (RIDE) – Shares fell 4.2% in pre-market trading after Lordstown said it received a request from the Securities and Exchange Commission about the charges made in a report by short seller Hindenburg Research. The report accused the electric vehicle manufacturer of deceiving consumers and investors, but Lordstown said the report was full of “lies and half-truths”.
Sundial Growers (SNDL) – Shares of the Canadian-based cannabis producer increased 8.4% in the premarket, after reporting better-than-expected revenue in its last quarter. The company also said that it successfully restructured the company during 2020, positioning it for future success. The shares rose 7.8% in the pre-market.
National Grid (NGG) – National Grid is buying the UK distribution network unit from PPL Corp. (PPL), based in Pennsylvania, for $ 10.9 billion. At the same time, the energy multinational is selling the Rhode Island-based Narragansett Electric Company to PPL for $ 3.8 billion. PPL added 1.7% in the pre-market negotiations.
Peloton (PTON) – Peloton CEO John Foley told Bloomberg news that the fitness equipment maker expanded its production capacity by 700% last year, and that its offering of exercise bikes is now close to meeting demand. Peloton fell 1.7% in the pre-market