Check out some of the biggest movers in the pre-market:
CVS Health (CVS) – The pharmacy and pharmacy management company earned $ 2.04 per share in the first quarter, above the consensus estimate of $ 1.72 per share. Revenue is also above Wall Street forecasts. CVS reported higher sales in its stores, with customer traffic boosted by Covid-19 vaccination visits. CVS also raised its full-year forecast and its shares rose 3% in the preliminary market.
iRobot (IRBT) ̵
Pfizer (PFE) – The drugmaker surpassed estimates by 16 cents a share, with a quarterly gain of 93 cents a share. Revenues also went into the above forecasts and the company raised its year-round targets as sales of its Covid-19 vaccine continued to be stronger than expected. In addition, the Food and Drug Administration must allow the vaccine to be used in adolescents aged 12-15, according to federal officials familiar with the plan, who spoke to The New York Times. Pfizer shares added 1.3% in pre-trading.
Vaxart (VXRT) – Vaxart grew 18.6% in market trading after reporting positive results in Phase 1 testing of its Covid-19 oral vaccine. Waxart said the vaccine could be just as effective as the injected vaccines developed by Pfizer and Moderna (MRNA).
Under Armor (UAA) – Shares of the sportswear maker rose 2.8% in pre-sale after earning first-quarter earnings of 16 cents a share, well above the consensus estimate of 3 cents a share. Revenue also topped analysts’ forecasts, and Under Armor raised its forecast for the full year as market openings boosted demand for shoes and clothing. Separately, the company agreed to pay $ 9 million to settle the Securities and Exchange Commission’s investigation into its accounting.
DuPont (DD) – The manufacturer of industrial materials reported a quarterly profit of 91 cents per share, 15 cents per share above forecasts. Revenues also topped analysts’ forecasts. DuPont sees strong demand for its products from semiconductor manufacturers as well as the automotive markets, and the company has raised its profit and revenue forecast for the full year.
XPO Logistics (XPO) – XPO reported a quarterly earnings of $ 1.46 per share, well above the consensus estimate of 97 cents per share. The transport company’s revenue was also above Wall Street forecasts, reaching record levels in stark contrast to the usual seasonal trends. XPO also raised its full-year forecast, but its shares lost 1.2% in preliminary action.
Avis Budget (CAR) – Avis Budget lost 46 cents a share in the first quarter, less than the $ 2.16 per share loss forecast by analysts. The car rental company’s revenues exceed Wall Street forecasts amid a jump in demand and more solid car rental prices. Shares fell 1.4% in pre-sale action despite optimistic results.
Qiagen (QGEN) – Qiagen reported better-than-expected revenue and sales for its most recent quarter as the genetic testing company reported growing demand for non-coronavirus products as well as strength in its Covid-19 testing business.
SmileDirectClub (SDC) – SmileDirectClub said its sales for the current quarter will be affected by a cyber attack in April, which will cost between 10 and 15 million dollars. The manufacturer of teeth straightening systems said it had successfully blocked the attack and restored its normal systems. The shares lost 9.2% in the preliminary market. (Disclosure: NBC Nightly News investigated complaints from SmileDirectClub customers in February. The company accused NBCUniversal of publishing false information about the company and is seeking $ 2.85 billion in defamation.)
Domtar (UFS) – Domtar shares jumped 16.1% in pre-sale action after a report by Bloomberg, according to which the Canadian Paper Excellence is investigating a deal to buy the American competitor in paper and packaging. The deal could value Domtar in the middle of $ 50 per share, compared to the end of Monday at $ 40.52 per share.