Dick’s Sporting Goods, Apple, Salesforce & more

Take a look at some of the biggest movers in the premarket:

Dick’s Sporting Goods (DKS) – The sporting goods retailer earned $3.21 per share for the second quarter, well above the consensus estimate of $1.30 a share. Revenue was also well above forecasts, with comparable-store sales up 20.7% compared to a 9.9% FactSet consensus estimate. Dick’s also saw e-commerce sales nearly triple during the quarter.

Apple (AAPL) – Wedbush raised its price target on Apple to a Street-high $600 per share from $515 a share, on expectations of what it calls an iPhone 12 “supercycle.” Wedbush maintained its “outperform” rating on the stock.

Salesforce.com (CRM) – Salesforce reported quarterly earnings of $1.44 per share, more than double the 67 cents a share consensus estimate. The business software company’s revenue also exceeded Street forecasts, and it also raised its full-year revenue forecast as it benefits from the increase in remote work and e-commerce.

Keurig Dr Pepper (KDP) – Morgan Stanley upgraded Keurig Dr Pepper to “overweight” from “equal weight,” citing an increase in at-home coffee consumption among other factors.

Urban Outfitters (URBN) – Urban Outfitters surprised analysts by reporting a profit of 35 cents per share for its latest quarter, compared with expectations of a 40 cents per share loss. The apparel retailer also reported better-than-expected revenue despite a 13% drop in comparable-store sales, benefiting from an increase in digital sales amid pandemic-related store closures.

Nordstrom (JWN) – Nordstrom lost $1.62 per share for the second quarter, wider than the loss of $1.48 per share that analysts were anticipating. The department store operator also saw revenue come in below consensus, with net sales falling 53% from a year earlier as stores closed due to the pandemic.

Roku (ROKU) – Citi initiated coverage of the streaming video device maker with a “buy” rating, pointing to expectations of strong account growth as well as rising economic value per account.

Toll Brothers (TOL) – Toll Brothers beat estimates by 19 cents a share, with quarterly earnings of 90 cents per share. The luxury home builder’s revenue also exceeded consensus. Orders surged more than 26% during the quarter, and Toll also gave an upbeat forecast for home deliveries during the current quarter.

Teva Pharmaceutical (TEVA) – The Justice Department charged the drugmaker of conspiring with other pharmaceutical companies to raise prices for generic drugs. Reuters reports that the charges came after Teva refused a settlement that would have required it to admit wrongdoing and pay a penalty. Teva said it firmly rejects the allegations and will vigorously defend itself in court.

Hewlett Packard Enterprise (HPE) – HPE reported quarterly earnings of 32 cents per share, 9 cents a share above estimates. Revenue beat Wall Street forecasts as well. The enterprise computing company also resumed forward guidance, giving a better-than-expected forecast for the current quarter and the full year.

Bed Bath & Beyond (BBBY) – Bed Bath & Beyond will cut about 2,800 jobs as part of a restructuring, in a move that the housewares retailer expects will save about $150 million per year.

Carnival Corp. (CCL) – Carnival’s Princess Cruises unit canceled cruises scheduled for early 2021 for two of its ships, the Island Princess and Pacific Princess, citing Covid-19 related restrictions. This comes a day after Carnival’s Cunard brand extended cancellations for that line’s cruises through mid-May 2021.

Intuit (INTU) – Intuit reported quarterly profit of $1.81 per share, beating the consensus estimate of $1.05 a share. The financial software company’s revenue also above Wall Street forecasts. The maker of TurboTax, QuickBooks and Mint saw an 83% sales surge, with activity picking up following the completion of a delayed tax season.

Read More: Dick’s Sporting Goods, Apple, Salesforce & more

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.