Check out the companies that are making news.
The fourth-quarter sales guidance came in at a range of $557 million to $563 million. The analysts were expecting more than half a billion dollars.
Didi Global dropped 10% in premarket trading after it was announced that it would delist from the New York Stock Exchange and pursue a listing in Hong Kong.
The exercise equipment stock gained 2.5% before the bell after a buy fromDeutsche Bank. After a rough stretch for the stock, the investment firm said that the upside now outweighs the risks.
The Wall Street Journal reported that the Food and Drug Administration is working toward a quick review process for updated Covid shots.
The cosmetics retailer's stock rose more than 5% after a better-than-expected third-quarter report. The company earned $3.93 per share on $2 billion in revenue. The analysts had expected revenue of $1.88 billion and a profit of $2.46 per share.
The shares of the chipmaker jumped in premarket trading after they beat estimates for the third quarter. The company reported adjusted earnings of 43 cents per share. Analysts were looking for 39 cents per share and $1.15 billion.
The discount retail chain's stock dropped 22% after it said supply chain issues led to a disappointing third-quarter report. The company missed estimates for revenue and comparable sales.
Big Lots reported a narrower-than-expected loss per share for the third quarter, but the retail stock dipped 2.5%. The company said that it would have a decline in margins.
