Chegg, Baidu, Bed Bath & Beyond, Hertz and others

A screen displays the Hertz logo during the Hertz Corporation’s IPO at the Nasdaq Market in Times Square in New York on November 9, 2021.
Brendan McDermid | Reuters
Check out the companies that make headlines before the call:
Chegg — Shares fell 22.7% after Monday’s earnings report. According to Refinitiv, the company provided first-quarter and full-year revenue guidance, which came in below analysts’ expectations. Chegg noted subscriber growth issues and concerns about the health of the economy as a whole.
Baidu — Shares rose more than 13% after Baidu said it would launch its own artificial intelligence chatbot, called “Ernie Bot” in English.
Bed Bath and more Shares fell 30% after the release of Bed Bath & Beyond announced public offering to raise about $1 billion.
Oak Street Health — Oak Street Health shares surged more than 36% after The Wall Street Journal reported that CVS Health is close to a $10.5 billion deal with the primary care provider. CVS shares changed little.
Hertz — Shares rose more than 4% after Hertz reported results that beat earnings-per-share and revenue expectations, according to FactSet.
ZoomInfo Technologies — Shares fell more than 11% after ZoomInfo Technologies’ latest financial results. According to FactSet, the software company leads the top and bottom lines. However, he posted a weak earnings outlook for the first quarter and full year.
Spirit Airlines — Airline shares jumped 3% in premarket trading after the company reported higher-than-expected fourth-quarter earnings. Spirit Airlines reported earnings of 12 cents per share before items, according to FactSet, up 9 cents from analysts’ estimates.
Skyworks Solutions — Shares rose more than 2% after Skyworks Solutions announced a $2 billion share buyback program. The announcement helped investors overlook the semiconductor firm’s slight decline in earnings in the latest quarter.
Activision Blizzard Shares rose 2% after Activision Blizzard beat earnings expectations in the latest quarter. According to Refinitiv, the firm reported $3.57 billion in revenue, beating the consensus estimate of $3.16 billion in revenue.
pinterest — Pinterest shares fell more than 1% after the image-sharing company posted mixed earnings results. The firm reported earnings of 29 cents per share, better than forecasts of 27 cents per share, in line with Refinitiv’s consensus expectations. However, revenue was $877 million, lower than the $886 million estimate.
Dupont de Nemours — Shares fell 2% after DuPont de Nemours released its latest quarterly earnings report. The firm outperformed expectations on the high and low lines, but its earnings and revenue guidance for the first quarter came in well below forecasts.
Leggett and Platt — Shares fell more than 1% after Leggett & Platt reported disappointing financial results, according to FactSet Consensus.
— Alex Harring and Yoon Lee of CNBC provided reporting.
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