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Reside Nation, SeaWorld, Gannett and others

Try the businesses making headlines earlier than the bell:

Live Nation (LYV) – The dwell occasion producer’s shares jumped 5.4% in a down market after reporting better-than-expected quarterly income and saying it has already offered 45 million tickets for 2022 occasions whilst ticket costs rise considerably.

SeaWorld Entertainment (SEAS) – The theme park operator earned 92 cents per share for its newest quarter, nicely above the 29 cent consensus estimate. Income got here in above forecasts, greater than doubling a 12 months in the past, with park guests spending extra per individual than that they had previous to the pandemic.

Gannett (GCI) – The USA Right this moment writer’s shares tumbled 13.6% within the premarket after it posted a wider-than-expected loss for its newest quarter and income beneath estimates. Gannett additionally stated it expects income to fall this 12 months, though it nonetheless expects to be worthwhile.

Alibaba (BABA) – The China-based e-commerce big fell 2.5% in premarket buying and selling after it reported its slowest-ever progress in quarterly income since going public in 2014. Gross sales fell beneath analyst forecasts as competitors intensified. Nonetheless, its quarterly earnings beat estimates.

Moderna (MRNA) – The drugmaker reported quarterly earnings of $11.29 per share, beating the $9.90 consensus estimate, and income additionally beat forecasts. Moderna additionally raised its full-year Covid-19 vaccine gross sales forecast and introduced a $3 billion share repurchase program.

Wayfair (W) – The house furnishings retailer slid 9.5% within the premarket after posting a wider-than-expected quarterly loss. Wayfair’s outcomes had been pressured by a double-digit decline in worldwide gross sales.

Norwegian Cruise Line (NCLH) – The cruise line operator’s shares fell 7% in premarket buying and selling after reporting a quarterly loss that was wider than anticipated, and income that missed estimates as nicely. It is amongst journey shares below stress this morning, stemming largely from Russia’s invasion of Ukraine.

Papa John’s Pizza (PZZA) – The pizza chain reported better-than-expected revenue and income for its newest quarter, as revenue margins improved even within the face of elevated prices. Papa John’s didn’t present 2022 steering as a result of uncertainties associated to Covid-19.

Booking Holdings (BKNG) – Reserving Holdings reported adjusted quarterly earnings of $15.83 per share, nicely above the $13.64 consensus estimate, with the journey companies firm’s income additionally topping Wall Avenue forecasts. The corporate stated it has seen significant enchancment in present quarter bookings, however stated there shall be intervals this 12 months when Covid-19 negatively impacts journey. Shares fell 7.6% within the premarket amid weak spot in journey shares.

Hertz Global (HTZ) – Hertz beat estimates by 15 cents with an adjusted quarterly revenue of 91 cents per share, although the automobile rental firm’s income fell barely wanting analyst projections. Demand for rental vehicles remained sturdy in the course of the quarter, though Hertz remains to be experiencing post-bankruptcy restructuring bills. Hertz fell 8.4% within the premarket amid an general drop in journey shares.

EBay (EBAY) – EBay got here in 6 cents above estimates with quarterly earnings of $1.05 per share, whereas the e-commerce firm’s income was in keeping with forecasts. Nonetheless, the inventory is below stress after eBay forecast weaker-than-expected present quarter outcomes. EBay misplaced 8.4% in premarket motion.

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