Take a look at the businesses making headlines earlier than the bell:
Walmart (WMT) – Walmart reported adjusted quarterly earnings of $1.39 per share, which features a 7-cent influence from UK tax reimbursement. The consensus estimate had been $1.50. Income did beat forecasts, and US comparable gross sales excluding gasoline had been up 8.6% in comparison with the 5.8% FactSet estimate. The retailer’s shares are down 5% premarket.
Hormel Foods (HRL) – The meals producer’s inventory is up 2.2% premarket after earnings matched estimates at 41 cents per share and income beat Wall Avenue forecasts. Hormel additionally mentioned it’s more and more optimistic about full-year gross sales and earnings progress.
Marriott (MAR) – Marriott bucked current tendencies by lodge chains by beating Avenue estimates, incomes an adjusted 12 cents per share for its newest quarter in comparison with an 11 cent consensus estimate. Income did miss forecasts as the corporate continues to be impacted by the pandemic.
Waste Management (WM) – Waste Administration shares are up 1% premarket after the waste-hauling firm beat estimates by 4 cents with an adjusted quarterly revenue of $1.13 per share, with income beating estimates as nicely. Waste Administration can be elevating its dividend by 12 cents on an annual foundation to $2.30 per share.
Tilray (TLRY) – Tilray misplaced an adjusted 2 cents per share for its newest quarter, smaller than the 15 cent loss anticipated by Wall Avenue analysts, whereas the hashish producer’s income was above estimates. The outcomes come forward of Tilray’s deliberate merger with rival Aphria (APHA), which it expects to shut within the second quarter. The inventory is up 4% in premarket motion.
SunPower (SPWR) – SunPower doubled consensus estimates with adjusted quarterly earnings of 14 cents per share, though the photo voltaic firm’s income fell in need of forecasts. SunPower additionally issued weaker than anticipated present quarter steering, and its shares are down 7.1% in premarket buying and selling.
Twilio (TWLO) – Twilio is up 9.5% premarket after it reported an adjusted revenue of 4 cents per share for its newest quarter, stunning analysts who had anticipated the cloud computing platform supplier to report an 8 cents per share loss. Income additionally got here in nicely above Avenue forecasts, with outcomes helped by current acquisitions and election-related enterprise in addition to what Twilio calls “broad-based diversified power”.
Baidu (BIDU) – Baidu noticed quarterly income are available in above analyst projections, with the search engine’s advert gross sales bouncing again and the corporate’s cloud companies seeing elevated demand. Baidu shares are down 1.2% this morning.
Sleep Number (SNBR) – Sleep Quantity shares are surging 12.7% premarket after it reported quarterly earnings of $2.19 per share, beating the consensus estimate of $1.45, with the mattress retailer’s income additionally exceeding estimates. Sleep Quantity additionally issued upbeat full-year steering.
Tesla (TSLA) – Tesla reduce costs for the cheaper variations of its Mannequin 3 and Mannequin Y autos, though it raised costs for upper-end variants. Shares are down 2% premarket.
Nutrien (NTR) – Nutrien reported better-than-expected earnings for its newest quarter, because the Canadian fertilizer maker noticed elevated demand amid rising crop costs and plans by farmers to plant extra acres this yr. The inventory is up 3.8% premarket.
Fastly (FSLY) – Fastly shares are beneath strain, down 6.2% premarket, after the cloud-platform supplier reported better-than-expected earnings and income for its newest quarter however issued a decrease than anticipated forecast.
Tanger Factory Outlets (SKT) – The procuring middle operator is up 3.1% after reporting a breakeven quarter, in comparison with forecasts of a 2 cents per share loss, whereas income beat estimates as nicely. Tanger noticed a rise in foot visitors throughout the quarter, though decrease occupancy charges proceed to weigh on income.
Bloomin’ Brands (BLMN) – The restaurant operator’s shares are down 4.1% premarket after income fell under Avenue forecasts for its newest quarter. The corporate did report a breakeven quarter on an adjusted foundation, in comparison with forecasts of a 2 cents per share loss.