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Stocks making the biggest moves before the bell: Biogen, Novavax, Netflix, Verizon & more

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A buyer enters a Verizon retailer in San Francisco, California, U.S., on Tuesday, July 20, 2021.

Bloomberg | Getty Pictures

Try the corporations making headlines before the bell:

Anthem (ANTM) — The well being insurer reported adjusted quarterly revenue of $6.79 per share, beating the $6.37 per share consensus estimate from Refinitiv, with income additionally topping forecasts. Anthem additionally raised its full-year outlook amid increased premiums for its Medicare and Medicaid companies. 

Biogen (BIIB) — The drug maker’s inventory rose 2.2% in the premarket after the firm beat estimates on the high and backside strains and raised its full yr forecast. Biogen earned an adjusted $4.77 per share for the quarter, in contrast with a consensus estimate of $4.11 per share. The corporate remains to be optimistic about prospects for its Alzheimer’s drug Aduhelm, regardless of slower than anticipated adoption.

Novavax (NVAX) — The drug maker’s shares tumbled 26.1% in the premarket following a Politico report saying it was having hassle assembly Meals and Drug Administration high quality requirements for its Covid-19 vaccine.

Winnebago (WGO) — The leisure automobile maker beat estimates by 56 cents with adjusted quarterly earnings of $2.57 per share, whereas income exceeded estimates as properly. Outcomes had been helped by sturdy client demand, which allowed the firm to boost costs amid increased enter prices. Winnebago added 2.4% in premarket trading.

Verizon (VZ) — Verizon beat estimates by 5 cents with an adjusted quarterly revenue of $1.41 per share, although income was barely beneath Road forecasts. Verizon additionally elevated its full-year steering, as rising 5G adoption boosts gross sales. Verizon rose 1% in the premarket.

Netflix (NFLX) — Netflix reported quarterly earnings of $3.19 per share, beating the Refinitiv consensus estimate of $2.56 per share, with income in step with forecasts. Netflix added 4.Four million new subscribers throughout the quarter, exceeding expectations, but it surely did forecast present quarter earnings beneath consensus. Netflix fell 2.2% in premarket motion. 

United Airways (UAL) — United misplaced an adjusted $1.02 per share for the third quarter, smaller than the lack of $1.67 per share that Wall Road had anticipated. United mentioned the unfold of the Covid delta variant has slowed, however not derailed, its restoration. United shares had been up 1.6% in the premarket.

Canadian Nationwide Railway (CNI) — The railroad’s CEO Jean-Jacques Ruest will retire at the finish of January. Traders had been calling for his exit after the firm’s failed bid for Kansas Metropolis Southern (KSU). The inventory rallied 3.3% in the premarket.

Brinker Worldwide (EAT) — Brinker mentioned its revenue margins have been dented by increased labor and commodities prices. The father or mother of Chili’s and different restaurant chains mentioned the surge in the Covid delta variant exacerbated these points. Brinker tumbled 13.7% in premarket trading.

WD-40 (WDFC) — WD-40 shares slumped 11% in the premarket after the lubricant maker reported a lower-than-expected revenue and income for its newest quarter. CEO Garry Ridge mentioned the pandemic had created irregular swings in the firm’s gross sales outcomes.

Tegna (TGNA) — Tegna gained 1.2% in premarket trading following a Bloomberg report that media mogul Byron Allen has acquired further backing for his $23 per share supply for the TV broadcasting firm. 

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