Check out the companies making headlines before the bell:
Tapestry (TPR) – The company behind the Coach and Kate Spade brands beat revenue and net income estimates for its latest quarter, but cut its full-year forecast for the impact of the strength of the US dollar and Chinese restrictions related to Covid-19. Tapestry slipped 2% in premarket trading.
Nope (NIO) – The China-based electric carmaker posted a bigger-than-expected quarterly loss but said it expected deliveries to nearly double in the current quarter from a year ago. a year. Nio shares jumped 5.5% in premarket trading.
We work (WE) – The office-sharing company’s stock fell 1.7% in premarket after reporting a bigger-than-expected quarterly loss. WeWork also plans to exit about 40 underperforming locations this month.
six flags (SIX) – Shares of the theme park operator initially plunged in premarket trading after missing earnings estimates for its latest quarter. However, it rebounded to a 2.9% gain after announcing a deal with investment firm H Partners that raised the cap on H Partners’ stake in the company to 19.9% from 14.9%. .
Rivian (RIVN) – Rivian rose 8.2% in after-hours trading after the electric vehicle maker reported a weaker-than-expected quarterly loss and kept its production schedule intact, even in the face of supply chain issues.
dutch brothers (BROS) – Dutch Bros stock jumped 3.8% pre-market after the operator of craft drink stores reported better-than-expected earnings and revenue for its latest quarter. The company also raised its revenue outlook for the full year.
Astra Zeneca (AZN) – AstraZeneca gained 4.8% in premarket trading after the drugmaker reported upbeat quarterly results and raised its full-year profit forecast. AstraZeneca’s results were boosted by strong sales of its cancer drugs.
Bumblebee (BMBL) – Bumble fell 14% in premarket action after posting weak revenue guidance for the current quarter. The dating services operator said its users were renewing subscriptions at a slower rate as consumers cut back on discretionary spending in the face of inflation.
Just Isaac (FICO) – Fair Isaac staged a 10.4% rally in the pre-market after its quarterly earnings beat analyst estimates and revenue rose in both its credit rating and software units . The company, known for its FICO credit ratings, also gave an upbeat outlook for the full year.
ZipRecruiter (ZIP) – ZipRecruiter jumped 12.6% in premarket trading after the online job board operator posted better-than-expected quarterly results and raised its full-year guidance. ZipRecruiter also announced a $200 million increase to its stock buyback program.