Market Insider | Biggest Moves Premarket: Stocks making the biggest moves in the premarket: Home Depot, Macy's, Mastercard, Intuit & more
Home Depot (HD) – The home improvement retailer reported quarterly earnings of $2.28 per share, beating the consensus estimate of $2.10 a share. Revenue and same-store sales were also above Wall Street forecasts, and Home Depot also announced a 10% dividend increase.
Macy’s (M) – Macy’s reported quarterly earnings of $2.12 per share, 16 cents a share above estimates. Revenue also came in above forecasts. Same-store sales on an owned plus licensed basis fell 0.5%, a smaller drop than the 0.9% that analysts were expecting.
United Airlines (UAL) – United withdrew its full-year 2020 forecast, pointing to the ongoing impact of the
Tupperware (TUP) – The household products maker warned of a shortfall in its full-year 2019 earnings, which will not be out today as originally scheduled. Tupperware said it was probing its accounting for results in its Fuller Mexico unit. It also said participating banks have granted relief from a covenant in a $650 million credit agreement which might have resulted in potential acceleration of required payback.
Mallinckrodt (MNK) – The
Intuit (INTU) – Intuit reported quarterly profit of $1.16 per share, 14 cents a share above estimates. The financial software maker also reported better-than-expected revenue and Intuit announced the acquisition of credit monitoring service Credit Karma for about $7.1 billion in cash and stock.
Palo Alto Networks (PANW) – Palo Alto reported quarterly earnings of $1.19 per share, 7 cents a share above estimates. The
Shake Shack (SHAK) – Shake Shack reported quarterly profit of 6 cents per share, compared to expectations of a 1 cent per share loss. The restaurant chain’s revenue missed forecasts, however, and same-restaurant sales fell by a larger-than-expected 3.6% during the quarter.
Hertz Global (HTZ) – Hertz lost 24 cents per share for its latest quarter, 3 cents a share less than analysts had been expecting. The car rental company’s revenue was essentially in line with forecasts.
JPMorgan Chase (JPM) – The bank is expected to leave its financial targets unchanged at today’s annual investor day, according to analysts quoted by Reuters.
Expedia (EXPE) – Expedia will cut 3,000 jobs, or about 12% of its workforce, as the travel website operator streamlines its business.
General Electric (GE) – GE
Tenet Healthcare (THC) – Tenet earned an adjusted 99 cents per share for its fourth quarter, beating estimates by a penny a share. The hospital operator’s revenue
Tesla (TSLA) – The automaker’s stock was downgraded to “hold” from “buy” at Jefferies, although it did raise its price target on the automaker’s stock to $800 from the prior $600. Jefferies said it needs a clearer view of potential profitability, particularly in the battery business.