See the companies that appear in the headlines before the bell:
Twitter (TWTR) – Twitter fell 14.6% in pre-market trading after Elon Musk tweeted that his deal to buy the company was “temporarily” delayed as he awaits details about the number of fake and spam accounts on the platform.
Affirm Holdings (AFRM) – Affirm reported a three-month loss of 19 cents a share, less than the 51-cent loss expected by analysts, with fintech revenues outpacing forecasts. Affirm also boosted its full-year revenue prospects and announced the expansion of its current partnership with e-commerce platform operator Shopify. Shares jumped 33.8% higher in preliminary markets.
Robinhood Markets (HOOD) – Robinhood jumped 22.4% in pre-market trading after Sam Bankman-Fried, who founded the FTX cryptocurrency exchange, revealed a 7.6% stake in a regulatory statement. The purchase makes him the third largest shareholder in the trading platform company.
Toast (TOST) – Toast added 3.2% to overseas markets after the restaurant technology-focused company reported less-than-expected quarterly losses, as well as revenues that exceeded Street forecasts. He also raised his year-over-year revenue forecast as more restaurants embraced Toast technology.
MicroStrategy (MSTR) – MicroStrategy rose 13.9% in pre-market action during the week, which was variable for the business analytics company. MicroStrategy, which has large bitcoin holdings, fell more than 25 percent on both Monday and Wednesday before rising yesterday.
Roper Technologies (ROP) – The software and engineering company is close to a deal to sell its process technology unit to private equity firm Clayton Dubilier & Rice for about $ 3 billion, according to people familiar with the matter with Bloomberg.
The Honest Company (HNST) – Shares of The Honest Company rose 3.1% in pre-market trading after confirming their full-year earnings forecasts. The personal care and household products company also reported quarterly losses and revenues, which are in line with Wall Street forecasts.
Duolingo (DUOL) – Shares of the language software provider rose 15.3% in the pre-market after a smaller quarterly loss and better-than-expected revenue. Duolingo said the number of active users was the highest of all time and issued optimistic revenue guidelines for the current quarter.
Figs (FIGS) – The healthcare company reported a sharp drop in its shares of 25.2% in pre-market trading, after missing estimates with its last quarterly results and issued weaker-than-expected guidelines for the whole year.
Poshmark (POSH) – The online clothing market operator reported a loss of 18 cents per share, 4 cents less than expected from Wall Street, and earnings also exceeded forecasts. This helped increase its shares by 2.1% in pre-market action, although Poshmark issued a lower-than-expected earnings forecast for the current quarter.
Add Comment