Β© Reuters
By Peter Nurse
Investing.com – Stocks in the spotlight in pre-market trading on Friday, November 5th. Please refresh for updates.
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platoon (NASDAQ π Shares fell more than 30% after the exercise equipment maker slashed its annual revenue forecast by $ 1 billion, as the boom in the pandemic era for fitness hit home fades quickly.
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Uber (NYSE π shares rose 2.4% after the rideshare company reported its first quarter profitable on an adjusted basis since launching more than a decade ago; he made $ 8 million before interest, taxes, depreciation, amortization and other items. These other items included a write-down of more than $ 2 billion on its equity holdings, primarily in its Chinese counterpart Didi Global (NYSE :). The net loss was $ 2.4 billion.
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Pfizer (NYSE π shares rose 11% after the drugmaker said its Covid-19 pill, used in combination with a widely used anti-HIV drug, reduced the risk of hospitalization or death by 89% in high risk adults.
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Canada Goose (NYSE π the stock rose 7.6% after the winter clothing maker topped quarterly revenue estimates, helped by a surge in online sales of its luxury parkas.
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Pinterest (NYSE π stock rose 3.7% after the image-sharing company forecast strong fourth-quarter revenue growth, helped by online retailers buying ads ahead of the holiday season.
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Airbnb (NASDAQ π the stock rose 5.9% after the house rental company reported an increase in quarterly earnings, boosted by a rebound in global travel amid rising vaccination rates .
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Square (NYSE π stock fell 3.6% after the digital payments company reported slower growth in its peer-to-peer payment service Cash App, even as third quarter gross margin was spurred by an increase in bitcoin transactions.
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Dad johns (NASDAQ π the stock fell 3.7% after German bank (DE π lowered its investment position on the pizza business to “hold back” from “buy,” saying a big race could come to an end.
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Shake Shack (NYSE π the stock rose 7.6% after BTIG upgraded its position on the burger chain to βbuyβ to βneutral,β saying its recovery is gaining momentum.
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DraftKings (NASDAQ π the stock fell 8.8% after the sportsbook company reported a larger-than-expected loss in the third quarter, while saying it expected a strong 2022.
- Living country (NYSE π the stock rose 6.2% after the entertainment promoter resumed profiting as live events were re-scheduled in the wake of the pandemic.
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