Take a look at the companies that appear in the headlines before the bell:
Netflix (NFLX) – Netflix fell 26.8% in the pre-market after announcing it lost 200,000 subscribers in the first quarter. The streaming service provided for the addition of 2.5 million subscribers. Netflix also said it was researching a version supported by ads.
Walt Disney (DIS), Roku (ROKU), Warner Brothers Discovery (WBD) – Other streaming companies have seen their shares fall in sympathy with Netflix. Disney fell 5 percent in the premarket, Roku fell 6.7 percent and Warner Brothers Discovery lost 4.3 percent.
Procter & Gamble (PG) – Shares of the consumer goods giant rose 1.1% in pre-market trading after a collapse in the top and bottom lines. Procter exceeded forecasts by 4 cents with adjusted quarterly earnings of $ 1.33 per share and marked its biggest increase in annual sales in two decades, as demand for household products remained high, even at higher prices. Procter has also raised its organic sales guidelines.
Baker Hughes (BKR) – The oilfield services company fell 5 cents from forecasts with an adjusted quarterly earnings of 15 cents per share, and earnings also missed forecasts. Baker Hughes said its results reflected an unstable operating environment and shares fell 2% in pre-sale action.
Lululemon (LULU) – Luluemon added 2.2% to pre-markets after a clothing manufacturer announced a five-year revenue doubling plan. The plan focuses on doubling international sales and doubling revenues from its men’s and digital operations.
IBM (IBM) – IBM reported adjusted quarterly earnings of $ 1.40 per share, 2 cents above forecasts, and earnings are also above analysts’ forecasts. IBM’s results have been boosted by a strong hybrid cloud business. Shares of IBM rose 2.7% in pre-market trading.
ASML (ASML) – The last quarter of ASML exceeded analysts’ forecasts at the top and bottom, with the Amsterdam-based semiconductor equipment maker reporting strong demand from chipmakers trying to increase production. Shares of ASML jumped 5.4% on the preliminary market.
Teva Pharmaceutical (TEVA) – Teva shares fell 4.8% in pre-market trading after the FDA sent a letter of refusal in response to a new application for a drug to treat schizophrenia. Teva said it was exploring possible next steps and would work with the FDA to address the agency’s concerns.
Omnicom (OMC) – Omnicom reported better-than-expected earnings and revenue for the last quarter, despite what the advertising agency operator called “uniquely challenging global events”. Omnicom has taken a $ 113.4 million fee related to its investment in Russian business. Shares added 3.7% in pre-market action.
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