Business

New York Times, CVS Health, Humana and others

Check out which companies hit the headlines before the call:

New York Times (NYT) – Shares in the newspaper’s publisher jumped 3.9% in premarket after beating forecasts by 3 cents with adjusted quarterly earnings of 23 cents a share. Revenue also beat forecasts on the back of increased advertising and digital sales.

CVS Health (CVS) – The pharmacy operator and pharmacy benefit manager beat estimates by 19 cents, with adjusted quarterly earnings of $ 1.97 per share and revenues also beating Wall Street’s forecasts. The results were boosted by increased demand for Covid testing and vaccinations.

Humana (HUM) – The health insurance company reported adjusted quarterly earnings of $ 4.83 a share, beating the consensus of $ 4.66, while revenue beat Street’s forecasts for strength in the Humana Medicare Advantage business.

Capri Holdings (CPRI) – Shares in the company behind the Michael Kors and Versace brands rose 9.9% in premarket after beating earnings and revenue forecasts for the last quarter. Capri earned an adjusted $ 1.53 per share, well above the 95-cent consensus, and also raised its full-year guidance.

Tupperware (TUP) – Tupperware fell 16.8% in premarket trading as the food storage company’s sales fell well below Wall Street’s forecasts. The company points to the persistent negative impact of the pandemic, among other factors.

Norwegian Cruise Line (NCLH) – Shares in the cruise line operator fell 2.6% premarket after the company reported higher-than-expected losses and earnings that fell short of analysts’ estimates. Norwegian said it expects positive cash flow in the first quarter of 2022 and expects profitability in the second half of the year.

Bed Bath & Beyond (BBBY) – Bed Bath & Beyond soared 57.3% in premarket after announcing an in-store partnership with Kroger (KR) and announcing that its share buyback program is running ahead of schedule. The buying boom was fueled by this positive news, coupled with the fact that the home goods retailer’s stock is one of the shortest on Wall Street.

Mondelez International (MDLZ) – Mondelez beat estimates by a penny with adjusted earnings of 70 cents per share, while the snack maker’s revenue also beat forecasts. The company also said it will raise prices for snacks like Oreo cookies as it tries to keep up with rising commodity and labor costs. Mondelez shares rose 1% in the premarket.

Zillow Group (ZG) – Zillow is shutting down its home-selling business, claiming its algorithm, designed to buy and sell homes profitably, is not working properly. The real estate firm also posted a surprise quarterly loss and lower-than-expected earnings for the last quarter. Zillow shares fell 17.6% premarket.

T-Mobile US (TMUS) – T-Mobile came out 2 cents above expectations with quarterly earnings of 55 cents a share, although the mobile service provider’s revenue fell short of Street’s forecasts. For the quarter, T-Mobile increased its subscriber base by 673,000, beating analysts’ forecasts, but less than rivals such as AT&T (T). T-Mobile shares gained 3.2% premarket.

Lyft (LYFT) – Lyft is up 12.5% ​​premarket after posting earnings adjusted to 5 cents per share for the last quarter, compared with an expected loss of 3 cents per share. Taxi revenue also beat Wall Street forecasts, with Lyft benefiting from growing passenger demand as well as higher prices.

Activision Blizzard (ATVI) – Activision Blizzard saw its shares drop 12.2% in premarket after it announced a delay in launching two games and also released a weaker-than-expected forecast for the holiday quarter. The video game maker beat its last quarter net income forecasts, beating forecasts by 2 cents on adjusted quarterly earnings of 72 cents per share.

Camping World (CWH) – Shares in the premarket recreational vehicle retailer rose 6.7% after reporting quarterly earnings of $ 1.98 per share, well above the 55 percent consensus. revenues are also well above Street forecasts.


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