Check the companies with headlines before the bell:
Turning Point Therapeutics (TPTX) – The shares of the biopharmaceutical company more than doubled in pre-market trading after Bristol Myers Squibb (BMY) approved $ 76 in cash or $ 4.1 billion. Turning Point specializes in cancer treatments.
Lululemon (LULU) – Lululemon shares rose 1% in pre-market trading after the sportswear and leisurewear manufacturer reported a better-than-expected quarter and year-on-year growth. Lululemon gained 5 cents on the earnings with a quarterly earnings of $ 1.48 per share, amid strong demand for premium sportswear.
RH (RH) – RH fell 4% in the pre-market after the luxury home goods company released a weaker-than-expected revenue forecast for the full year. HR reported better-than-expected earnings and sales in its last quarter and announced a $ 2 billion expansion of its stock purchase program.
CrowdStrike (CRWD) – CrowdStrike fell 4.3% in its pre-market performance, although the cybersecurity company posted better-than-expected results in the last quarter and provided good forecasts. Shares of CrowdStrike rose 7.8% on Thursday ahead of the earnings report.
Kohl’s (KSS) – Kohl’s shares rose 7.3% in pre-market trading, the Wall Street Journal reported that the retailer received bids from private equity firm Sycamore Partners and the retail holding company Franchise Group. Sycamore’s bid is valued at Kohl at mid-$ 50 per share, while the Franchise Group offers about $ 60. Kohl’s closed at $ 41.18 on Thursday.
Tesla (TSLA) – Tesla shares fell 4.7% in the pre-market, following a report by CEO Elon Musk immediately calling for a freeze on hiring and a 10% reduction in staff. The order appeared in a note seen by Reuters, and Musk mentioned that he felt “very bad” about the economy.
Coinbase (COIN) – Coinbase is prolonging its contract freeze and is canceling some approved job offers. The cryptocurrency exchange operator said in a blog post that he would pause hiring “while this macro environment needs it.” Coinbas fell 3.7% in pre-market trading.
Alaska Air (ALK) – The airline boosted its revenue forecast for the current quarter, saying it has strong persistent demand. Alaska Air also said higher revenues are offsetting higher fuel costs. Shares rose 1% in the pre-market.
Okta (OKTA) – The shares of the identity management software company rose 15.6% in the pre-market, after reporting better-than-expected results for its first fiscal quarter. Octave said it sees no impact on the security breach of its systems in March, nor on macroeconomic conditions. The previous rise in the octave stock market was a nearly 11% gain in Thursday’s trading.
Chegg (CHGG) – Technology education company shares rose 6.3% in pre-market trading after announcing a $ 1 billion increase in its share return program.
PagerDuty (PD) – The cloud computing company had better-than-expected revenue in its last quarter and a lower-than-expected loss. The company expects to make a profit next year as well. PagerDuty gained 3.2% in the pre-market.
Turning Point Therapeutics, Lululemon, RH and others
Source link Turning Point Therapeutics, Lululemon, RH and others