Affirm, Toyota, Endo, Bausch Well being and others

Discover out which corporations are making the headlines earlier than the bell:

Affirm Holdings (AFRM) – Affirm soared 22.4% in pre-market as the corporate’s “purchase now, pay later” income simply exceeded estimates. The variety of energetic merchants has greater than quintupled and Affirm has additionally issued a optimistic outlook.

Toyota Motor (TM) – The automaker has diminished its annual manufacturing goal to 300,000 automobiles as factories in Vietnam and Malaysia have been hit by the unfold of Covid-19 and the present scarcity of laptop chips. Toyota gained 1.1% in pre-marketing.

Endo Worldwide (ENDP) – Endo jumped 19.1% in pre-market actions after agreeing to pay $ 50 million to resolve lawsuits introduced by New York State and two counties over the sale and advertising and marketing of opioids by the drug producer.

Bausch Well being (BHC) – Bausch Well being can pay $ 300 million to settle an antitrust lawsuit involving the corporate’s diabetes drug Glumetza. Bausch had been accused of illegally sustaining a monopoly on the remedy, with the worth rising practically 800% in 2015.

Wells Fargo (WFC) – Wells Fargo has been fined $ 250 million by regulators who stated the financial institution had not made sufficient progress in addressing ongoing points in its mortgage enterprise. Regulators first recognized these points in a 2018 order. Wells Fargo shares added 2% to the pre-market share.

Nielsen Holdings (NLSN) – Nielsen CEO David Kenny defended the ranking firm in a letter to TV trade executives and stated Nielsen wants to hurry up the adjustment of its ranking programs to seize the shoppers’ shift from conventional viewing to streaming. Nielsen inventory rose 1.3% pre-market.

Dave & Buster’s (PLAY) – Dave & Buster’s was up 7.9% in pre-market buying and selling after reporting quarterly earnings of $ 1.07 per share, nicely above the consensus estimate of 58 cents. The restaurant and arcade chain’s income exceeded Wall Avenue forecasts and Dave & Buster’s stated it continued to see indicators of a restoration in enterprise. He expects this to proceed, barring a major Covid-related slowdown.

American Out of doors Manufacturers (AUGUST) – American Out of doors Manufacturers gained 48 cents adjusted per share for its first fiscal quarter, 8 cents above estimates. The producer of out of doors recreation merchandise benefited from elevated revenue margins and elevated gross sales in home and worldwide markets. He predicts an annual revenue of $ 2.02 to $ 2.26, in comparison with a consensus estimate of $ 2.24. Shares slipped 5.4% pre-market.

Zumiez (ZUMZ) – Zumiez topped estimates by 23 cents with adjusted quarterly earnings of $ 1.02 per share, however earnings fell in need of consensus. The streetwear and motion sports activities attire maker didn’t present an outlook, resulting from risky market circumstances, and shares fell 5.3% in pre-market buying and selling.

Take-Two Interactive (TTWO) – Take-Two is delaying new variations of its “Grand Theft Auto” online game for 4 months, saying it needs extra time to “additional refine” the top merchandise. Take-Two maintained its outlook for the earlier 12 months, and shares fell 1.9% pre-market.

Sunrun (RUN), First Photo voltaic (FSLR) – Sunrun was up 2.8% in pre-market buying and selling, whereas First Photo voltaic added 1.1%. Sunrun was rated “purchase” within the new protection at Needham, and the corporate launched a protection on First Photo voltaic with a “conservation” ranking. Needham is bullish on Sunrun resulting from its market management within the photo voltaic trade, whereas he worries within the close to time period about pressures on First Photo voltaic’s revenue margins.

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