Today's Pre-Market Stock Movers: PTON, AMD, SNAP, EA and More

Movers and Shakers wrote a column · Feb 1, 2023 07:27

Gapping up

$Peloton Interactive(PTON.US)$ +5% (The fitness equipment reported fiscal second quarter revenue of $792.7 million, above a Refinitiv forecast of $710 million. Peloton said its net loss narrowed year over year and subscription revenue was higher than sales of the product.)

$Advanced Micro Devices(AMD.US)$ +3% (The company reported fourth-quarter earnings and revenue that beat Wall Street expectations.)

$Foot Locker(FL.US)$ +3% (The company received an upgrade to outperform from neutral by Credit Suisse. The firm said Foot Locker should see more profit going forward due to its strategic plan.)

$Brinker International(EAT.US)$ +1.3% (The casual dining chain reported adjusted earnings of 76 per share, compared to StreetAccount's estimate of 52 cents for the fiscal second quarter. Revenue was $10.2 billion versus the $991.7 million expected by analysts. )

Gapping down

$Snap Inc(SNAP.US)$ -15% (Snap missed analyst estimates for revenue and declined for a third straight quarter to provide guidance. Its "internal forecast" assumes a sales decline of between 2% and 10% from a year earlier.)

$Electronic Arts Inc(EA.US)$ -10% (the Electronic Arts' fiscal third quarter results missed expectations for adjusted earnings and net bookings, according to StreetAccount. Fourth-quarter guidance also disappointed, as the company announced a delay of its upcoming Star Wars game to later this calendar year.)

$Match group(MTCH.US)$ -8.3% (The comany reported quarterly revenue that missed Wall Street expectations. Match also said first-quarter revenue will likely be lower than expected.)

$Western Digital(WDC.US)$ -3% (The company reported an earnings miss after the bell Tuesday, although it beat on revenue. The company also said it anticipates revenue in the upcoming quarter to be lower than previously guided.)

Source: CNBC

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