American Airlines (AAL): American jumped 10.5 percent in premarket trading after announcing a lower-than-expected loss and forecasting profitability for the current quarter.
United Airlines (UAL): For the first quarter, United lost an adjusted $4.24 per share, 2 cents higher than projected, and revenue was also somewhat lower than predicted. However, United announced that it expects to return to profitability this quarter as travel demand soars. The shares rose 8.3 percent in premarket trading.
BX (Blackstone): The private equity firm’s stock rose 4% in premarket trading after it reported higher-than-expected profit and sales for the first quarter, aided by a solid performance from its real estate and credit divisions.
AT&T (T): AT&T earned an adjusted 63 cents per share in the first quarter, which was 4 cents higher than expected and outperformed the top line. In premarket trading, AT&T rose 1.4 percent.
Tesla (NASDAQ: TSLA): Tesla jumped 7.4 percent in premarket trade after announcing a record quarterly profit above Wall Street’s top and bottom-line projections. Tesla warned that manufacturing would be limited for the rest of the year owing to shortages of computer chips and other parts but that deliveries increased.
Dow Chemical Company (DOW): The chemical company’s stock rose 2.1 percent in premarket trading after exceeding expectations on the top and bottom lines, thanks to strong demand and increased prices.
Sleep Number (SNBR): Shares of Sleep Number fell 10.6 percent in premarket trade after reporting a top and bottom-line loss for the most recent quarter. Due to supply chain difficulties, the mattress company earned 9 cents per share, falling far short of the 33-cent consensus projection.
CVNA (Carvana): Carvana lost $2.89 per share in the most recent quarter, exceeding the $1.44-per-share loss predicted by analysts. Although revenue exceeded expectations, the online vehicle vendor experienced its first-ever quarterly sales decrease. Carvana slumped 5.1 percent in premarket trading.
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