Check out the companies making headlines before the bell:
Restaurant Brands (QSR) – The parent company of Burger King, Tim Hortons and Popeyes saw its shares rally 4% in premarket trading after the company reported better-than-expected quarterly earnings. Same-restaurant sales rose 14%, well above the 8.3% increase forecast by analysts polled by FactSet.
Under Armor (UAA) – Under Armor is up 4.2% premarket after the apparel maker reported better-than-expected earnings for its latest quarter, along with earnings that were roughly in line with Street’s forecasts. The increase comes even as Under Armor lowered its full-year guidance due to the impact of a stronger US dollar and higher costs.
Peloton (PTON) – The fitness equipment maker’s stock fell 18.1% in premarket trading after it reported a larger-than-expected quarterly loss and revenue that fell short of analysts’ forecasts. Peloton also issued a weaker-than-expected holiday quarter guidance.
Moderna (MRNA) – Shares of the drugmaker plunged 11.9% premarket after Moderna reported quarterly earnings of $2.53 per share, well below the consensus estimate of $3.29. The company also lowered its full-year forecast for Covid-19 vaccine sales.
Qualcomm (QCOM) – Qualcomm slumped 8.3% in the premarket market after a worse-than-expected sales outlook as smartphone shipments slumped. The chipmaker also reported quarterly sales and earnings that matched Wall Street forecasts.
Roku (ROKU) – Roku shares plunged 18.5% in after-hours trading after the video-streaming equipment maker said ad revenue and device sales would fall in the current quarter. The guidance weighs on stocks, though Roku reports better-than-expected earnings and a larger-than-expected number of active accounts.
Robinhood Markets (HOOD) – Robinhood rose 2.9% in premarket trade after the online brokerage reported a lower-than-expected quarterly loss and earnings that beat analysts’ forecasts. Robinhood also lowered its full-year operating expense guidance.
Booking Holdings (BKNG) – Booking Holdings rose 5.1% in the pre-market after the travel services company posted revenue and earnings increases for its most recent quarter. There was also an upbeat outlook as travel demand remains strong.
Crown Holdings (CCK) — Investor Carl Icahn now owns more than 8% stake in the beverage can maker, according to The Wall Street Journal, and is said to believe the company should buy back more shares and ramp up non-core units sale. Crown Holdings is up 5.5% premarket.
eBay (EBAY) – eBay rose 6.7% in premarket trading after the e-commerce company reported better-than-expected results for its latest quarter, boosted by sales of refurbished goods and luxury items.
Etsy (ETSY) – Etsy shares rose 9.3% in premarket trade after the online crafts market reported a better-than-expected quarter and said its business remained strong in a volatile economic environment.