Take a look at the companies that are making headlines even before the bell rings.
Moderna (MRNA). Moderna gained 3.2% in premarket trade after increasing 3.2% yesterday following a panel FDA recommendation for a booster dose. The FDA panel recommended that a booster be approved for both people over 65 and those at high risk.
Virgin Galactic (SPCE). Virgin Galactic shares plunged 18.4% in premarket after the company said that it would delay its launch of its commercial space service until the fourth quarter 2022. The company will take extra time to improve its space vehicles.
Truist Financial (TFC). The bank beat expectations by 21 cents, with adjusted quarterly earnings at $1.42 per share. Revenue was also higher than estimates. Stronger fee income and loan and deposit growth were key factors in Truist's success.
PNC Financial (PNC), PNC reported adjusted quarterly earnings at $3.75 per share, which is higher than the consensus estimate of $3.20. Revenue also beat Wall Street forecasts. PNC was able to benefit from the credit loss provisions being repaid and the integration of BBVA USA. The deal closed in October. Premarket trading saw PNC rise 1.3%
Pearson (PSO). Pearson fell 12.2% in premarket trades after Pearson, an educational materials company, said that higher education sales had fallen 7% this year. However, the company's full-year guidance was not affected. Pearson stated that enrollments at American community colleges have been affected by Covid-19's delta variant.
Corsair Gaming (CRSR). Corsair shares fell 5.9% in premarket after the manufacturer of peripheral products for video games said that supply chain problems were affecting sales. Corsair stated that 2021 will be a year of "strong growth."
23andMe (ME), The stock of the consumer genetics company surged 9.3% in premarket trades following a positive mention Thursday by Eric Jackson, EMJ Capital founder/portfolio manager. Jackson stated that 23andMe should not be considered a subscription company but a therapeutics business. This Jackson believes bodes well for future growth.
Alcoa (AA), Alcoa reported a adjusted quarterly profit of $2.05 per shares, exceeding the consensus estimate $1.80. Due to higher aluminum prices, the revenue of the aluminum producer also exceeded expectations. Alcoa rose 6.7% in premarket actions.
fuboTV (FUBO), fuboTV's Sportsbook division has signed a deal to become Nascar's authorized gaming operator. FuboTV shares gained 2.1% in premarket trades.
Del Taco (TACO), a restaurant chain, reported adjusted quarterly earnings at 11 cents per share. This is a penny more than estimates and revenue was essentially in line Wall Street forecasts. Comparable sales increased 1.8%, below the 2.1% estimate by FactSet analysts. Premarket shares fell 3.6%
