Check out the companies making headlines before the bell:
Expedia (EXPE) – The travel website operator’s stock jumped 5.4% in the premarket after Expedia beat top and bottom line estimates in its latest quarterly report. Travel demand was strong, with lodging revenue up 57% from a year ago and airline ticket revenue up 22%.
Block (SQ) – Shares of the payment service company slid 6.4% in premarket trading even though it reported better-than-expected quarterly results. The drop comes as Block reports a 34% drop in revenue at its Cash App unit.
Lyft (LYFT) – The ride-hailing service’s stock rallied 7.5% in premarket action after it reported an unexpected quarterly profit and saw ridership rise to the highest levels since before the pandemic. Lyft said its results were also helped by cost controls.
DoorDash (DASH) – DoorDash surged 10.3% in the premarket after the food delivery service raised its forecast for gross order value, a key metric. DoorDash did report a wider-than-expected quarterly loss, but revenue was above Wall Street forecasts.
DraftKings (DKNG) – The sports betting company reported better-than expected-revenue and adjusted earnings for its latest quarter, and it also raised its full-year revenue forecast. DraftKings shares rallied 8.2% in premarket action.
AMC Entertainment (AMC) – The movie theater operator’s stock fell 9% in the premarket after it said it would issue a stock dividend to all common stock shareholders in the form of preferred shares. Separately, AMC reported a slightly wider-than-expected quarterly loss.
Warner Brothers Discovery (WBD) – The media company’s stock slumped 11.6% in premarket trading after it reported a quarterly loss and revenue that came in below Wall Street forecasts.
Beyond Meat (BYND) – The maker of plant-based meat alternatives reported a wider-than-expected quarterly loss and revenue that missed analyst estimates. Beyond Meat also announced it would lay off 4% of its global workforce. The stock fell 3.6% in premarket action.
Carvana (CVNA) – Carvana shares jumped 8.4% in premarket trading after the online used vehicle seller said it was “aggressively” cutting costs as it prepares for a possible economic downturn.
Virgin Galactic (SPCE) – Virgin Galactic tumbled 14.2% in the premarket after announcing a delay in the commercial launch of space flights to the second quarter of 2023. Virgin Galactic also said that it would sell up to $300 million in shares to boost its cash reserves.
Crypto Investors Flock to This New Play-to-Earn Game Because of Its Unique Features
SEAN HANNITY: Republicans need to start going on the offense
Santa Claus pays early visit to New York City public school students with special needs
Off-duty FBI agent fatally shoots person at Metro Center, police say
Ukraine: Russia will defend its interests using all available means, says Putin
‘Wednesday’: Will Tyler Return if There’s a Season 2?
How to Channel Your Rage Into a Workout So You Actually Feel Better
Christian Pulisic celebrates win from hospital bed & vows to be back for last-16
The 2022 Family Office Software Roundup
Deck the Hall With the 15 Best Holiday Decor Deals From Cyber Week
‘Kaleidoscope’: Release Date, Cast, and Everything You Need to Know
Plymouth man arrested for alleged attack outside Faneuil Hall
‘Chicago Fire’: Carver Gets in Trouble, a Familiar Face Returns, and the Team Is in Danger
Three Sure Ways To Beat Inflation This Holiday Season
‘Standout’ Bowdoin student dies from allergic reaction
Sport23 hours ago
Morocco vs Portugal: Stream FREE, TV channel, team news and kick-off time
News23 hours ago
Workers ‘in the fight of their lives for the very NHS itself’, union claims – live
News19 hours ago
Kremlin strives to beat sanctions battering Russia
News21 hours ago
Co-workers mourned after hit-and-run in Stamford kills two
Sport24 hours ago
Nick Bollettieri, Hall of Fame tennis coach, dead at 91
Sport22 hours ago
Chesney aims to give France the hump by singing The One and Only on a camel
Travel20 hours ago
Swiss Air-Rescue Service Rega orders 12 additional five-bladed H145s for its mountain bases
Sport22 hours ago
49ers might not lose Jimmy Garoppolo for season after doctors huddle on broken foot: report