Today's Pre-Market Stock Movers: EL, GOOS, PARA, MTCH and More
Gapping up
$CVS Health (CVS.US)$ +1.9% (The company report better-than-expected revenue and profit for its latest quarter. The company also raised its adjusted full-year guidance. The outlook excludes charges related to a just-announced $5 billion settlement of opioid litigation.)
$Match group (MTCH.US)$ +14.7% (the dating service operator reported better-than-expected quarterly revenue, driven by a boost in paid subscriptions for its Tinder service.)
$Caesars Entertainment (CZR.US)$ +6.8% (the resort operator topped analyst estimates for both the top and bottom lines during its latest quarter. Caesars also said its digital betting business turned profitable on an adjusted basis for the quarter, 12 months ahead of the company’s target.)
$Mondelez International (MDLZ.US)$ +3.3% (the maker of Oreos, Sour Patch Kids, and other snacks raised its full-year outlook. The company has benefited from price hikes that are not hurting demand for its products.)
Gapping down
$Estee Lauder (EL.US)$ -11.5%(the company issued a weaker-than-expected outlook, noting higher costs, a stronger US dollar. Estee Lauder reported better-than-expected earnings for its latest quarter.)
$Canada Goose (GOOS.US)$ -2.4% (The outerwear company cut its full-year revenue forecast.)
$Paramount Global-B (PARA.US)$ -8.5%(top and bottom line misses for its latest quarter.)
$Tupperware Brands (TUP.US)$ -36% (The maker of household storage products said it may not be able to comply with the covenants in its credit agreements, and that issue raises doubts about its ability to continue as a going concern. )
$Cheesecake Factory (CAKE.US)$ -3.3% (the restaurant chain reported an unexpected quarterly loss. Cheesecake Factory pointed to higher costs, particularly for utilities and building maintenance.)
$Livent (LTHM.US)$ -4.7% (the lithium producer cut its full-year sales and profit forecast. The company said inflation and other economic factors are crimping production of the metal used in electric vehicle batteries.)
$Rogers (ROG.US)$ -40.8% ( $DuPont (DD.US)$ ended its $5.2 billion buyout deal for the engineering materials maker.)
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