The companies are making news before the bell.
The live event producer's shares jumped after it reported better-than- expected quarterly revenue and said it has already sold 45 million tickets for the year 2022.
The theme park operator earned 92 cents per share for its latest quarter, well above the 29 cent consensus estimate. Park visitors spent more per person than they had before the pandemic, with revenue more than doubling a year ago.
The USA Today publisher's shares plummeted in the premarket after it posted a wider-than- expected loss. Although it still expects to be profitable, Gannett expects revenue to fall this year.
The China-based e-commerce giant fell 2.5% in premarket trading after it reported its slowest-ever growth in quarterly revenue. Competition intensified as sales fell below analyst forecasts. Its earnings beat estimates.
The drugmaker reported quarterly earnings of $11.29 per share, beating the $9.90 consensus estimate, and revenue also beat forecasts. Moderna announced a $3 billion share repurchase program and raised its full-year Covid-19 vaccine sales forecast.
The home furnishings retailer slid in the premarket after posting a bigger-than- expected quarterly loss. The decline in international sales pressured the results.
Norwegian Cruise Line's shares fell in premarket trading after the cruise line operator reported a larger than anticipated quarterly loss and revenue that missed estimates. It is among travel stocks that are under pressure this morning due to Russia's invasion of Ukraine.
Papa John's Pizza reported better-than- expected profit and revenue for its latest quarter, as profit margins improved even in the face of increased costs. Papa John didn't give guidance due to uncertainties related to Covid-19.
The travel services company reported adjusted quarterly earnings of $15.83 per share, well above the $13.64 consensus estimate, and its revenue also topped Wall Street forecasts. There will be periods this year when Covid-19 negatively impacts travel, but the company said it has seen improvement in current quarter bookings. Travel stocks were weak as shares fell in the premarket.
The car rental company's revenue fell slightly short of analyst projections, but it beat estimates with an adjusted quarterly profit of 91 cents per share. Demand for rental cars remained strong during the quarter. There was a drop in travel stocks in the premarket.
EBay came in 6 cents above estimates with quarterly earnings of $1.05 per share, while the company's revenue was in line with forecasts. eBay forecast weaker-than- expected current quarter results and the stock is under pressure. EBay lost money before the market opened.
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