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FinanceCVS, Under Armour, Moderna and more

CVS, Under Armour, Moderna and more

Check out the businesses making headlines earlier than the bell:

CVS Health (CVS) – The drug retailer operator and pharmacy advantages supervisor noticed its shares rise 3.8% within the premarket after beating top- and bottom-line estimates and elevating its full-year earnings forecast.  Results have been helped by sturdy gross sales of over-the-counter Covid-19 assessments in addition to an upbeat efficiency by its insurance coverage unit.

Under Armour (UAA) – The athletic attire maker gained 2% in premarket motion regardless of slicing its full-year earnings forecast. Increased promotional exercise and foreign money headwinds have impacted Under Armour’s revenue margins, but it surely did report earnings for its most up-to-date quarter that matched estimates and income that was barely forward of consensus.

Moderna (MRNA) – The vaccine maker reported better-than-expected revenue and income for its newest quarter and additionally introduced a $3 billion share repurchase program. Moderna additionally maintained its full-year gross sales outlook, and its inventory gained 2.6% in premarket motion.

Starbucks (SBUX) – Starbucks shares rose 1.8% within the premarket after it reported better-than-expected quarterly revenue and income. Global comparable retailer gross sales did are available under forecasts, nonetheless, as a consequence of weak spot within the locked-down China market.

Sierra Wireless (SWIR) – The supplier of connectivity know-how agreed to be acquired by Canadian semiconductor maker Semtech for $31 per share in money or $1.2 billion. Sierra Wireless surged 7.8% within the premarket, whereas Semtech shares fell 1.5%.

Dish Network (DISH) – The satellite tv for pc TV firm added 1.3% in premarket buying and selling after reporting better-than-expected quarterly earnings. The bottom-line beat got here regardless of a slight income miss and the lack of 257,000 pay TV subscribers in the course of the quarter.

SoFi (SOFI) – The fintech firm’s inventory soared 10.9% in premarket motion after it reported a smaller-than-expected loss and better-than-expected income. It additionally issued sturdy full-year income steering. Results have been helped by a 91% leap in private mortgage origination quantity. 

Match Group (MTCH) – Shares of the relationship service operator tumbled 21.4% within the premarket after it reported lower-than-expected quarterly outcomes and stated top-line development could be flat in the course of the second half of the 12 months. Match additionally introduced the departure of Renate Nyborg, CEO of its Tinder unit.

Airbnb (ABNB) – Airbnb reported better-than-expected quarterly earnings with its income basically in line, as journey demand boomed. However, the inventory slid 7.3% in premarket buying and selling after it issued a lighter-than-expected bookings forecast for the present quarter.

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