Business

Under Armor, Cigna, DraftKings and others


Check out the companies that make headlines before the alarm goes off:

Under armour (UAA) – The athletic apparel maker posted an adjusted first-quarter loss of 1% per share, compared with a profit estimate of 6 cents per share. Under Armor also offered a worse-than-expected full-year profit outlook as it absorbed the impact of higher costs and supply chain disruptions. Under Armor is down 12.5% ​​in pre-market trading.

Cigar (CI) – The insurer reported adjusted quarterly profit of $6.01 per share, versus the consensus estimate of $5.18, and revenue also beat forecasts. analyst. Cigna’s results were driven by strong growth in its pharmaceutical benefits management business, among other factors.

DraftKings (DKNG) – DraftKings saw a 9.8% increase in pre-sales after the quarterly results. The sportsbook company posted a loss for the quarter but better-than-expected revenue with an increase in monthly unique paying customers and average revenue per customer. DraftKings also raised its full-year revenue guidance.

Shake Shack (SHAK) – Shake Shack fell 2.8% in pre-market trading despite narrower-than-expected quarterly losses and revenue that beat Wall Street forecasts. The restaurant chain gave a softer-than-expected outlook as it coped with rising costs on beef, chicken and other items.

Block (SQ) – Block is up 5% in money markets, though both profit and revenue fall short of analyst estimates. The fintech company’s operating income beat forecasts, and it said it hasn’t seen any decline in consumer spending.

Virgin galaxy (SPCE) – Virgin Galactic fell 4.9% in pre-market trading after the company said it would delay the launch of its commercial space flight service until the first quarter of 2023, blaming labor and supply chain issues. Analysts are also concerned about Virgin Galactic’s level of cash burn.

DoorDash (DASH) – DoorDash posted a wider-than-expected quarterly loss, but its food delivery service revenue beat analyst estimates with total orders hitting the 400 million mark for the first time. Shares rose 6% in money markets.

Peloton (PTON) – Peloton is exploring the sale of a sizable minority stake in the fitness equipment maker, according to people familiar with the matter who spoke to The Wall Street Journal. The stake under discussion is believed to be around 15% to 20%, although there is no guarantee that a deal will be finalized. Peloton fell 1.8% in pre-market trading.

Johnson & Johnson (JNJ) – Shares of Johnson & Johnson fell 1% in the pre-consumer market after the FDA restricted the use of the company’s Covid-19 vaccine, following a study of blood clots in some recipients. Now, the shot will only be allowed to patients who are medically ineligible for other vaccines or where an alternative is not available.

Zillow’s group (ZG) – Shares of the real estate website operator fell 13.9% in money markets after issuing a weaker-than-expected forecast, citing an uncertain real estate environment. Zillow reported better-than-expected profits and revenue for its most recent quarter.

Living country (LYV) – The parent company of Ticketmaster and other entertainment operations reported a smaller-than-expected loss for its most recent quarter, given strong demand from customers and advertisers. Live Nation added 2.2% in the money market.



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