Business

Pfizer, BioNTech, Weber and others




Check the companies that make headlines before the bell:

Pfizer (PFE), BioNTech (BNTX) – The companies said that studies showed that three doses of their Covid-19 vaccine neutralized the omicron variant, while two doses still provided protection. Pfizer and BioNTech also said they are continuing to work on an omicron-specific vaccine. Pfizer and BioNTech came out well from the previous lowest premarket on the news, with Pfizer up 1[ads1].4% and BioNTech reducing its loss to 1.5%.

Campbell Soup (CPB) – The food producer beat estimates by 8 cents with an adjusted quarterly earnings of 89 cents per share, even though revenues were slightly below analysts’ forecasts. Campbell said demand is still high for their products and they have been able to moderate the impact of higher input costs through strong prices and productivity improvements. The stock increased 1.4% in the advance market.

Thor Industries (THO) – The recreational vehicle maker earned $ 4.34 per share for its last quarter, well above the $ 3.24 consensus estimate. Revenue was also above Wall Street’s forecasts amid continued strong demand. Thor jumped 6% in pre-market trading.

Weber (WEBR) – The grill manufacturer’s stock rose 1% in the futures market after reporting a lower-than-expected loss for the last quarter, beating Wall Street’s revenue forecasts. Weber lost 13 cents a share, 5 cents less than analysts had expected.

Stitch Fix (SFIX) – Stitch was hammered by 23.9% in the advance market after issuing revenue guidance for the current quarter and membership statistics that were lower than Wall Street’s forecasts. The online clothing retailer had a lower-than-expected loss for the last quarter and better-than-expected revenue, but not enough to allay investors’ concerns.

ChargePoint Holdings (CHPT) – ChargePoint posted an adjusted loss of 14 cents per share for the last quarter, 1 cent wider than expected, while the charging station’s network operator saw revenue slightly above estimates. The company provided a stronger-than-expected revenue guide for the current quarter and raised the outlook for the full year. Despite the positive outlook, ChargePoint fell 2.7% in pre-market trading.

PagerDuty (PD) – PagerDuty reported an adjusted quarterly loss of 7 cents per share, 2 cents less than analysts had predicted, while earnings topped Street forecasts. The manufacturer of IT response software also provided better-than-expected revenue guidance for the current quarter, and the stock rose 10.9% in advance market measures.

Toll Brothers (TOL) – Toll Brothers earned $ 3.02 per share for the last quarter, compared to a consensus estimate of $ 2.49, while the luxury home builder also reported better-than-expected earnings. It also estimates a growth of 20% in the financial year 2022 revenues as demand is still high. Customs increased by 1.5% in the advance market.

Robinhood (HOOD) – Robinhood requested to end a planned share sale of supporters of the trading platform company. The stock jumped 3% in the advance market.

BlackRock (BLK) – The asset management firm draws about $ 2 trillion in assets from State Street (STT), which had served as the sole depository for BlackRock’s ETFs. BlackRock will move some of its ETFs to Citigroup (C), JPMorgan Chase (JPM) and Bank of America (BAC).

Dave & Buster’s (PLAY) – Dave & Busters beat estimates by 8 cents with a quarterly earnings of 23 cents per share, while the operator of restaurants with an entertainment center theme also saw revenues from street forecasts. Dave & Buster’s rose 4.5% in the advance market.



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