Oracle, Uber, Pearson and others

Check out the companies that make headlines before the call:

Oracle (ORCL) – Shares of the business software giant fell 2.3% in premarket trading after its $1.13-a-share adjusted quarterly earnings fell 5 cents below estimates. Revenue was in line with forecasts. Oracle continues to make progress in moving its customers to the cloud, with cloud revenue up 24% year-over-year.

Uber Technologies (UBER) – Shares of the taxi company rose 1.6% in premarket trading after Deutsche Bank initiated coverage with a buy recommendation and a $50 target price. Deutsche Bank points to Uber’s leading position in a fast-growing market, as well as an attractive entry point for the stock.

Pearson (PSO) – Shares of the educational publisher jumped 20.1% in premarket trading after private equity firm Apollo said it was in the early stages of evaluating a possible cash offer for Pearson. Apollo said that there was no certainty that a valid offer would be made.

Rivian (RIVN) – Rivian shares fell 8.5% in premarket trading after the electric car maker reported larger-than-expected losses and that supply chain problems will limit its factory output this year.

DiDi Global (DIDI) – DiDi shares fell 12.7% in premarket trading after Bloomberg reported that the company was suspending plans to list its shares in Hong Kong. People familiar with the matter say that Didi has not complied with Chinese regulatory authorities to review the handling of sensitive user data.

Toyota Motor (TM) – Toyota lost 1.7% in premarket trading after it said it would cut production by 20% in April, May and June as it seeks to ease the burden on its suppliers who are struggling to supply computer chips and other goods. parts.

DocuSign (DOCU), the digital signature company, reported adjusted quarterly earnings of 48 cents per share, up 1 cent from estimates, with revenue also beating Street’s guidance. However, shares fell 17.5% in premarket trading after DocuSign issued weaker-than-expected guidance for the full year.

Ulta Beauty (ULTA) – Shares of the cosmetics retailer rose 2.6% in premarket trading after the company reported higher-than-expected earnings and revenue for the latest quarter. Like-for-like sales also beat forecasts, up 21.4%, and Ulta announced a new $2 billion share buyback.

Blink Charging (BLNK), an electric vehicle charging equipment maker, posted larger-than-expected quarterly losses even as sales beat analysts’ estimates. The company said it continues to see strong momentum as the business community and government agencies continue to push the benefits of a robust EV infrastructure. Shares of Blink fell 6.1% in premarket trading.

Zumiez (ZUMZ). Shares in the streetwear and sportswear maker fell 14.1% in premarket trading after its quarterly earnings and revenue fell short of Wall Street’s forecasts. The forecast for the current quarter also does not match the estimates.

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