Deere, Dropbox, Novavax & extra

Check out a few of the largest movers within the premarket:

Deere (DE) – The heavy tools maker earned $3.87 per share for its fiscal first quarter, in comparison with a consensus estimate of $2.14 a share. Income additionally beat forecasts, and Deere elevated its full-year earnings outlook amid enhancements within the agricultural and development sectors. Deere shares jumped 6.2% in premarket buying and selling.

Roku (ROKU) – Roku shares rose 1.4% within the premarket, after it reported a quarterly revenue of 49 cents per share, in comparison with consensus forecasts of a 6 cents per share loss. The streaming video machine maker’s income additionally beat forecasts, amid a 58% surge as customers caught at residence in the course of the pandemic sought extra video leisure.

Uber Technologies (UBER) – The ride-hailing firm lost a key case in the U.K., the place a Supreme Court docket choose upheld a ruling by an employment tribunal that mentioned Uber’s drivers have been staff and never contract staff. Uber fell 1.9% in premarket motion.

Dropbox (DBX) – Dropbox got here in 4 cents a share forward of estimates, with quarterly earnings of 28 cents per share. The cloud storage firm’s income additionally got here in above Wall Road projections. Dropbox had a greater-than-expected variety of paid customers in the course of the quarter, in addition to better-than-expected income per person. It additionally forecast full-year income under analysts’ estimates, nonetheless, and the shares fell 3.4% premarket.

Applied Materials (AMAT) – Utilized Supplies earned $1.39 per share for the fourth quarter, in comparison with a consensus estimate of $1.28 a share. Income additionally got here in above forecasts. The maker of semiconductor manufacturing tools additionally gave an upbeat current-quarter forecast, as chip makers attempt to speed up manufacturing to take care of a world scarcity. Utilized Supplies jumped 5% in premarket buying and selling.

Novavax (NVAX) – The drugmaker’s inventory surged 10.6% within the premarket after it struck an settlement with world vaccine alliance Gavi to produce 1.1 billion doses of its Covid-19 vaccine to a world vaccination effort.

TripAdvisor (TRIP) – TripAdvisor reported a quarterly lack of 41 cents per share, wider than the 26 cents a share loss that analysts have been anticipating. The journey web site operator’s income beat estimates, and the corporate famous that pent-up journey demand and constructive vaccine developments ought to result in improved outcomes this yr. Its shares fell 2.4% in premarket buying and selling.

Pfizer (PFE) – The Covid-19 vaccine developed by Pfizer and BioNTech (BNTX) was 85% efficient after simply the primary dose, in line with a examine of Israeli health-care staff revealed in The Lancet medical journal. As with a competing vaccine from Moderna (MRNA), sufferers obtain two doses of the Pfizer vaccine to attain most safety.

Royal Caribbean (RCL) – Royal Caribbean mentioned will probably be restricted from paying money dividends and from shopping for again inventory till the third quarter of 2022, resulting from modifications within the cruise line operator’s mortgage agreements. It had suspended dividends and buybacks final yr because the pandemic shut down cruising exercise.

IBM (IBM) – IBM is contemplating a attainable sale of its IBM Watson Well being enterprise, in line with individuals aware of the matter who spoke to The Wall Road Journal. Options might embody a sale to a private-equity agency or one other well being firm, or a merger of the unit with a particular function acquisition firm.

Texas Roadhouse (TXRH) – The restaurant chain earned 28 cents per share for the fourth quarter, wanting the 49 cents a share consensus estimate. Income additionally got here in shy of analysts’ forecasts. Texas Roadhouse mentioned weekly gross sales ranges weakened in the course of the latter a part of the quarter as a Covid-19 resurgence compelled it to shut some places. Texas Roadhouse shares fell 3.5% premarket.

Planet Fitness (PLNT) – The gymnasium operator’s quarterly earnings fell 5 cents a share shy of consensus because it reported revenue of 17 cents per share. Income got here in shy of estimates as effectively. Similar-location gross sales fell greater than anticipated, and Planet Health didn’t present a 2021 outlook resulting from uncertainty surrounding the Covid-19 pandemic. Shares dropped 2.5% in premarket buying and selling.

Rackspace (RXT) – Rackspace beat estimates by 3 cents with quarterly revenue of 26 cents per share. Income additionally got here in above forecasts, nonetheless the cloud providers supplier issued a weaker-than-expected full-year earnings forecast. Its shares tumbled 9.7% in premarket motion.

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