Virgin Galactic, Kohl’s, Cisco Methods and extra

Check out a number of the greatest gamers within the pre-market:

Virgin Galactic (SPCE) – Shares of Virgin Galactic jumped 14.1% within the pre-market after the house journey firm introduced that the subsequent take a look at flight of its SpaceShipTwo Unity would happen on Could 22. SpaceShipTwo Unity at altitude – had been accomplished.

Hormel Meals (HRL) – Hormel reported quarterly revenue of 42 cents per share, one penny per share above estimates. The meals producer’s revenue additionally exceeded analysts’ forecasts. The corporate behind manufacturers like Spam, Dinty Moore and Jennie-O mentioned demand throughout its varied channels stays excessive from pre-pandemic ranges.

BJ’s Wholesale (BJ) – The warehouse retailer reported quarterly revenue of 72 cents per share, 15 cents per share above estimates. Earnings additionally exceeded estimates. The retailer’s non-fuel comparable retailer gross sales fell 5%, however that was lower than the 8.3% drop predicted by analysts polled by FactSet. BJ additionally mentioned the remainder of 2021 stays troublesome to foretell. Its shares fell 3.3% in pre-market.

Kohl’s (KSS) – Kohl’s shares fell 3.6% pre-market, regardless of beating each excessive and low for its last quarter. Kohl’s gained $ 1.05 per share, in comparison with a consensus estimate of 4 cents per share. Income exceeded expectations and the retailer raised its outlook as nicely.

Petco (WOOF) – Petco gained 1% in pre-market share, after reporting quarterly earnings of 17 cents per share, towards a consensus estimate of 9 cents per share. The pet merchandise retailer’s income additionally beat Wall Avenue forecasts and raised its outlook for the total 12 months.

Cisco Methods (CSCO) – Cisco beat estimates of a penny per share, with quarterly revenue of 83 cents per share. The community tools maker’s income additionally beat Wall Avenue’s forecast, however Cisco launched a weaker-than-expected forecast for the present quarter. The corporate mentioned its revenue margins had been below strain from provide chain challenges. Cisco shares fell 5.6% pre-market.

L Manufacturers (LB) – L Manufacturers got here in at 4 cents per share above estimates, with quarterly revenue of $ 1.25 per share. The revenues are very barely above the consensus. Comparable retailer gross sales at its Victoria’s Secret unit jumped 25%, whereas Tub & Physique Works noticed a 16% same-store gross sales improve. The corporate just isn’t offering steerage for the total 12 months and has additionally mentioned it goals to finish its cut up into two separate corporations by August. The corporate’s shares fell 2% in pre-market share.

Squarespace (SQSP) – Squarespace stays looking out after the web site internet hosting firm’s inventory plummeted in its first day of buying and selling. Squarespace went public through a direct itemizing, with a benchmark value of $ 50 and preliminary buying and selling of $ 48, however the worth was decrease than it was in a personal inventory sale earlier this 12 months. .

Synopsys (SNPS) – Shares of Synopsys had been up 2.2% within the pre-market after beating excessive and low estimates for its final quarter, with earnings practically doubling from a 12 months in the past for the maker of semiconductor testing and design software program. The corporate mentioned demand is robust and anticipates a brand new wave of progress to come back.

Shoe Carnival (SCVL) – Shares of Shoe Carnival slipped 7.2% in pre-market buying and selling after the shoe retailer predicted decrease gross sales within the present quarter in comparison with a 12 months in the past. The corporate didn’t present a outlook for the second half of the 12 months, citing provide chain points and different potential uncertainties.

Coinbase (COIN) – Coinbase is on the prowl after shares of the cryptocurrency trade operator fell for the previous six days in a row, now down greater than 40% from its preliminary trade April 14, the day it went public. Wedbush initiated a hedging of the inventory with an “outperformance” score, citing robust adoption of the cryptocurrency. Its shares rose 1.7% in pre-market motion.

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