Today's Pre-Market Stock Movers: RIVN, KSS, NVAX, AMC and More
Gapping up
$Spotify Technology (SPOT.US)$ +1.3% (Redburn upgraded the stock to buy earlier in the day, noting that it sees stronger margins as headwinds from investments, publishing royalty increases and foreign exchange wane.)
$HP Inc (HPQ.US)$ +2.7% (The technology company forecasted higher earnings per share for the second quarter, and also maintained its full-year earnings target on expectations.)
Gapping down
$Rivian Automotive (RIVN.US)$ -9% (The company posted mixed fourth-quarter results and an underwhelming production outlook. Revenue for the quarter came in at $663 million, falling well below analysts' estimates of $742 million, according to Refinitiv. Rivian reported a smaller-than-expected loss, however.)
$Kohl's Corp (KSS.US)$ +8% (Kohl's reported a surprise loss for the fourth quarter, with CEO Tom Kingsbury saying that sales were pressured by the "ongoing inflationary environment." Kohl's reported a loss of $2.49 per share on $5.78 billion of revenue. Analysts surveyed by Refinitiv had expected positive earnings of 98 cents per share on $5.99 billion of revenue.)
$Monster Beverage (MNST.US)$ -4.8% (Monster released earnings after Tuesday's closing bell, posting quarterly earnings of 57 cents per share while analysts surveyed by StreetAccount anticipated 63 cents per share. Monster reported $1.51 billion in revenue, falling short of analysts' expectations of $1.6 billion.)
$Novavax (NVAX.US)$ -25.4% (The vaccine developer said that "substantial doubt exists regarding our ability to operate as a going concern" through the next year. )
$AMC Entertainment (AMC.US)$ -8% (AMC posted a greater-than-forecast loss of 26 cents per share in its latest quarter, compared to the 21 cent per share loss expected by analysts surveyed by Refinitiv. Otherwise, AMC reported a revenue beat of $991 million, more than consensus estimates of $978 million.)
Source: Dow Jones, CNBC
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lCE : You have the wrong information for amc. Benzinganput out a false report. You should fact check
lCE : Benzinga**
TennisBum : AMC beat on both earnings per share and revenue. They came in at a -14 loss when -21 was expected. What you have posted is incorrect.
cubsfantrey333 : this is false. Amc beat both numbers. more false information from another site to force negative action. you should be ashamed moomoo