Canada Goose (GOOS) – Canada Goose lost 45 cents per share (Canadian) for its fiscal first quarter, smaller than the 53 cent loss that analysts were anticipating, while the outerwear maker saw better-than-expected revenue as well. Its loss increased compared to last year due to rising expenses and its stock fell 2.1% in premarket trade.
Wendy’s (WEN) – Wendy’s rallied 3.3% in the premarket after beating top and bottom-line estimates for the second quarter. The adjusted share earned by the restaurant chain was 27 cents, which is 9 cents more than estimates. Same-store sales beat forecasts due to increased in-person dining.
Perrigo (PRGO) – The consumer health care products maker’s shares slumped 8.8% in premarket action, following a top and bottom-line miss for Perrigo’s latest quarter. Earnings fell 11 cents to 50 cents per share below expectations, due to a weaker cold and cough season.
Southwest Airlines (LUV) – The airline said it is seeing an increase in cancellations this month due to rising concerns over the Covid-19 Delta variant, making it difficult to be profitable for the current quarter. Premarket, Southwest dropped 1.9%.
Coinbase (COIN) – Coinbase reported an adjusted quarterly profit of $3.45 per share, beating the consensus estimate of $2.33 in its first report as a public company. Also, the cryptocurrency exchange operator saw a better-than-expected revenue of 2 billion. This is an increase of $178 million from a year ago. The June quarter saw a 21% increase in trading volume compared to the previous 3 months and a 2.3% rise in premarket trading.
WW International (WW) – WW tumbled 22.3% in premarket trading after quarterly profit and revenue fell short of analyst forecasts. Formerly Weight Watchers, the company earned 48 cents per share for the quarter. This was 17 cents less than estimates and membership levels were below WW’s forecasts. Mindy Grossman, the CEO, stated that the company had a plan in place to maximize performance in the second half.
FuboTV (FUBO) – FuboTV lost 68 cents per share for its latest quarter, wider than the 51-cent loss that analysts were anticipating. The streaming service, which is sports-focused, did report higher-than-expected revenues and provided a positive forecast that included a projected doubling in full-year revenue. FuboTV shares rose 13.4% in premarket action.
Norton LifeLock (NLOK) – Norton LifeLock is buying rival cybersecurity firm Avast for up to $8.6 billion in cash and stock. This deal will increase Norton LifeLock’s range of consumer cybersecurity software products. Premarket shares rose 4.6%
Poshmark (POSH) – Poshmark reported a quarterly loss of 4 cents per share, 2 cents less than Wall Street had forecast, while the online retailer of secondhand goods saw revenue top estimates. Poshmark forecasted current-quarter revenue lower than analysts’ forecasts and claimed it would be affected by Apple’s privacy controls. Premarket trading saw Poshmark drop 8.2%
ThredUp (TDUP) – ThredUp lost 15 cents per share for its latest quarter, a penny less than anticipated, while the online pre-owned fashion retailer reported better-than-expected revenue and gave an upbeat forecast. Stocks rose 7.3% in premarket thanks to the positive results.
Alight (ALIT) – Financial services company Voya Financial (VOYA) is exploring a potential acquisition of the new public employee benefits administrator, according to people with knowledge of the matter who spoke to Bloomberg. It’s not clear if active negotiations are ongoing and it is unlikely that a deal will be made. Premarket trading saw 2.6% of the average alight.