Take a look at some of the biggest players in the pre-market:
CVS Health (CVS) – The company that manages the benefits of pharmacies and pharmacies earned $ 2.04 per share in the first quarter, above the consensus estimate of $ 1.72 per share. Income also exceeded Wall Street forecasts. CVS has seen its sales increase in its stores, with customer traffic boosted by the Covid-19 vaccination visits. CVS also raised its forecast for the full year, and its shares rose 3% in pre-release.
I robot (IRBT) – iRobot gained 41 cents per share in the first quarter, compared to a consensus estimate of 9 cents per share. Robot vacuum maker Roomba also beat estimates, but inventory fell 8.6% in the pre-market due to concerns about shipping costs and component costs.
Pfizer (PFE) – The drug maker beat estimates of 16 cents per share, with quarterly profit of 93 cents per share. Revenue also exceeded expectations and the company raised its guidance for the full year as sales of its Covid-19 vaccine continued to be stronger than expected. In addition, the Food and Drug Administration is set to allow the vaccine for use in adolescents between the ages of 12 and 15, according to federal officials familiar with the plan who spoke to The New York Times. Pfizer shares added 1.3% in pre-market trading.
Vaxart (VXRT) – Vaxart jumped 18.6% in pre-market commerce after reporting positive results in a phase 1 trial of its oral Covid-19 vaccine. Vaxart said the vaccine could be just as effective as injected vaccines developed by Pfizer and Moderna (ARNM).
Under protection (UAA) – Sportswear maker shares soared 2.8% pre-market after reporting 16 cents per share in the first quarter, well above the consensus estimate of 3 cents per share. Revenue also exceeded analysts’ forecasts and Under Armor raised its outlook for the full year as reopening markets boosted demand for footwear and clothing. Separately, the company agreed to pay $ 9 million to settle an investigation by the Securities and Exchange Commission into his accounts.
DuPont (DD) – The industrial materials maker reported quarterly profit of 91 cents per share, 15 cents per share above estimates. Revenue also exceeded analysts’ forecasts. DuPont is seeing strong demand for its products from semiconductor manufacturers as well as the automotive markets, and the company has raised its profit and revenue guidance for the full year.
XPO Logistics (XPO) – XPO reported quarterly earnings of $ 1.46 per share, well above the consensus estimate of 97 cents per share. The transport company’s revenues were also above Wall Street forecasts, reaching record levels in stark contrast to usual seasonal trends. XPO also raised its forecast for the full year, but its shares lost 1.2% in pre-release.
Budget Reviews (RCA) – Avis Budget lost 46 cents per share for the first quarter, less than the loss of $ 2.16 per share expected by analysts. The car rental company’s revenue also exceeded Wall Street forecasts amid rising demand and stronger prices for car rentals. The stock fell 1.4% pre-market despite bullish results.
Qiagen (QGEN) – Qiagen reported better-than-expected earnings and sales for its final quarter as the genetic testing company saw growing demand for non-coronavirus products as well as the strength of its Covid-19 testing business.
SmileDirectClub (SDC) – SmileDirectClub said its current quarter sales would be affected by a cyberattack in April, which would cost it between $ 10 million and $ 15 million. The maker of teeth straightening systems said they were successful in blocking the attack and restoring their systems to normal. The title lost 9.2% in pre-marketing. (Disclosure: NBC Nightly News investigated complaints from SmileDirectClub customers in February. The company accused NBCUniversal of publishing false information about the company and is claiming $ 2.85 billion for libel.)
Domtar (UFS) – Domtar shares soared 16.1% in pre-market following a Bloomberg report that Canada Paper Excellence is considering a deal to buy its US rival in paper and packaging. A trade could value Domtar in the average range of $ 50 per share, compared to Monday’s close of $ 40.52 per share.