Market Insider | Biggest Moves Premarket: Stocks making the biggest moves in the premarket: Dish Network, Garmin, Tesla, Uber & more
Dish Network (DISH) – The satellite TV provider beat estimates by 10 cents a share, with quarterly earnings of 69 cents per share. Revenue also beat forecasts. Pay-TV
Garmin (GRMN) – The maker of GPS and fitness devices reported quarterly earnings of $1.29 per share, beating the consensus estimate of $1.04 a share. Revenue was also above forecasts, boosted by growth in all of Garmin's product categories. The company raised its quarterly dividend by 4 cents to 61 cents per share.
Tesla (TSLA) – Piper Sandler increased its price target for the automaker's stock to $928 per share from $729, saying it expects the company to achieve the same success in energy generation and storage that it has in vehicles.
Groupon (GRPN) – Groupon will stop selling merchandise by year-end, saying that market segment is "fiercely competitive" and in some cases "irrational." That news comes after it reported lower-than-expected profit and revenue for its fourth quarter. The daily deals provider also proposed a reverse stock split, subject to shareholder approval.
Boeing (BA) – Boeing said "foreign object debris" was found in some
Uber Technologies (UBER) – Uber will shut down its office in downtown Los Angeles and cut about 80 jobs. Separately, Uber and food delivery rivals
Ally Financial (ALLY) – The lender will acquire privately held non-prime consumer lender CardWorks for $2.65 billion in cash and stock. The deal is expected to close during the third quarter.
BHP Billiton (BHP) – BHP posted a 29% increase in half-year profit, thanks to strong iron ore prices. The Australian mining company also increased its dividend to 65 cents per share, up from 55 cents a year ago.
Blue Apron (APRN) – Blue Apron said it would explore strategic options, including a possible sale of the company or mergers with other meal kit providers. That news comes as Blue Apron posts a larger-than-expected fourth-quarter loss, with revenue falling short of forecasts as well.
Bed Bath & Beyond (BBBY) – Bed Bath & Beyond CEO Mark Tritton told CNBC that fixing the retailer's store remains a focus as it invests $400 million on store remodeling and supply chain upgrades, along with about $600 million in debt reduction and share buybacks.
Nike (NKE) – CEO John Donahoe shuffled the company's executive ranks, with e-commerce chief Heidi O'Neill
Herbalife Nutrition (HLF) – Herbalife reported quarterly earnings of 74 cents per share, beating the consensus estimate of 63 cents a share. The nutritional products company's revenue essentially in line with forecasts. Herbalife warned the
La-Z-Boy (LZB) – La-Z-Boy beat estimates by 8 cents a share, with quarterly profit of 72 cents per share. The furniture maker's sales fell short of Street forecasts, however.