Wednesday, June 12, 2024
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Amazon, Boeing, CrowdStrike and others

Take a look at the businesses making headlines earlier than the bell: (AMZN) – Amazon jumped 5.3% within the premarket after it introduced a 20-for-1 inventory break up and a $10 billion share buyback program. The 20-for-1 break up follows an identical transfer by Google dad or mum Alphabet (GOOGL) earlier this 12 months and is reviving dialogue about whether or not Amazon or Alphabet would possibly change into members of the Dow Jones Industrial Common.

Boeing (BA) – The FAA has finalized security directives aimed toward fixing Pratt & Whitney engine points on sure Boeing 777 jets. Boeing should now lay out the steps airways might want to take to satisfy the FAA’s necessities. Boeing fell 1.5% within the premarket.

CrowdStrike (CRWD) – CrowdStrike surged 12.5% in premarket buying and selling after reporting better-than-expected quarterly revenue and income. The cybersecurity firm additionally issued an upbeat 2022 forecast. CrowdStrike mentioned it will strongly pursue market share as cybersecurity demand accelerates.

Asana (ASAN) – Asana shares tumbled 24.1% within the premarket after the collaboration software program firm forecast a wider-than-expected loss for the present quarter. Asana reported a narrower-than-expected loss for its most up-to-date quarter, in addition to income that exceeded analyst forecasts.

Marqeta (MQ) – Marqeta rallied 7.4% in premarket motion after reporting better-than-expected quarterly income and a breakeven quarter within the face of an anticipated bottom-line loss. The fintech firm additionally issued an upbeat current-quarter income forecast. (JD) – reported better-than-expected revenue and income for its newest quarter as extra buyers used its e-commerce platform. However the China-based firm additionally reported its slowest income progress since early 2020. Its inventory slid 6.5% within the premarket.

Wheels Up Experience (UP) – The personal aviation firm reported a quarterly lack of 31 cents per share, 6 cents wider than the consensus estimate. Income, nevertheless, was nicely above estimates at $345 million, representing a rise of 64% over a 12 months earlier, whereas energetic membership grew by 31%. Wheels Up shares gained 4% within the premarket.

Anthem (ANTM) – The well being insurer plans to alter its identify to Elevance Well being, in accordance with the Wall Avenue Journal. The transfer, which would require shareholder approval, is designed to mirror the broadening of its company portfolio.

Genesco (GCO) – The footwear and equipment retailer reported better-than-expected quarterly income and revenue, with same-store gross sales rising 10% and e-commerce gross sales leaping 36%, in contrast with a 12 months in the past.

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