Even though it shared a widening quarterly loss and declining sales, the company surged before the bell. A partnership with FTX was also announced. Since few analysts cover the company, the results can't be compared.
The stock of Asana surged in the pre market after a beat on the top and bottom lines. The company lost 34 cents per share on revenue of $134.9 million, less than the analysts had expected. Revenue guidance for the current quarter came in better than expected.
The retailer's stock sank in premarket trading after earnings per share for the quarter fell short of expectations. Given the current retail environment, American Eagle anticipates higher markdowns and increased promotions.
The company posted a better-than- expected quarterly revenue. The company had a top line of $468 million, beating the StreetAccount forecast of $432 million. Comparable store sales were better than expected.
The company is an immediate beneficiary of the inflation reduction act, and shares of First Solar rose 4.4% after Goldman upgraded the stock to buy.
Raymond James lowered their rating on the shares of Frontier Group to market perform. The shares of Allegiant Travel rose on the back of the upgrade.
Moderna's stock gained 1.8% afterDeutsche Bank upgraded the stock to a buy rating.
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