Check out the companies making headlines before the bell.
tapestry (TPR) – The company behind the Coach and Kate Spade brands beat its latest quarterly top- and bottom-line estimates, but the impact of a strong US dollar and China’s Covid-19 restrictions pushed full-year forecasts down. Lowered. Tapestry fell 2% in pre-market trading.
Nio (NIO) – The China-based electric car maker posted a wider-than-expected quarterly loss, but said it expects shipments to nearly double year-on-year this quarter. Nio’s stock price saw him rise 5.5% in pre-market trading.
we work (WE) – Shares of the office-sharing company fell 1.7% in the premarket after reporting a wider-than-expected quarterly loss. WeWork also plans to exit about 40 underperforming locations this month.
six flags (SIX) – The theme park operator’s share price fell first in pre-market trading after falling below sales and profit estimates in the most recent quarter. However, after announcing an agreement with investment firm H Partners, it rebounded to a 2.9% gain after raising the cap on H Partners’ stake in H Partners’ company from 14.9% to 19.9%.
Rivian (RIVN) – Rivian rose 8.2% in after-hours trading after the electric car maker reported a smaller-than-expected quarterly loss and kept production schedules in the face of supply chain problems.
dutch brothers (BROS) – Dutch Bros shares surged 3.8% in the premarket after the handcrafted beverage operator reported better-than-expected profits and earnings in the latest quarter. The company also raised its full-year earnings outlook.
AstraZeneca (AZN) – AstraZeneca rose 4.8% in premarket trading after reporting strong quarterly results and raising full-year profit forecasts. AstraZeneca’s performance was boosted by strong sales of its anti-cancer agents.
bumble (BMBL) – Bumble fell 14% in pre-market action after releasing a weak earnings forecast for the quarter. The dating service operator says user subscription renewal rates are declining as consumers cut back on discretionary spending in the face of inflation.
Fair Isaac (FICO) – Fair Isaac posted a 10.4% gain in premarket after quarterly earnings beat analyst expectations, with earnings up both credit score and software units. The company, known for its FICO credit score, also announced an upbeat full-year forecast.
zip recruiter (ZIP) – ZipRecruiter surged 12.6% in pre-market trading after the online job publisher posted better-than-expected quarterly results and raised its full-year forecasts. ZipRecruiter also announced a $200 million increase in his share buyback program.