Micron, Eli Lilly, Netflix, Lucid, and more

Check out the companies that make the headlines before the doorbell rings:

Micron Technology (MU) – Micron reported adjusted quarterly earnings of $ 2.42 per share, 9 cents above estimates, with the chipmaker’s revenue also beating Street’s forecasts. However, its outlook for the current quarter fell below consensus as computer manufacturers faced a shortage of other parts, and the stock fell 3.6% in the pre-market.

Eli Lilly (LLY) – The drugmaker’s stock rose 2.2% in pre-trading hours after Citi upgraded it from neutral to buy. Citi points to the valuation after the share price fell more than 15%, as well as the above-average earnings outlook for Lilly after a recent meeting with management.

Netflix (NFLX) – Netflix rose 1% in premarket after it was announced it had bought video game maker Night School Studio to diversify its revenue streams. Night School Studio is best known for the supernatural video game Oxenfree.

Lucid Group (LCID) – Lucid plans to ship its first luxury electric sedans in late October after starting production at its Arizona factory on Tuesday. Lucid said its vehicles will have a greater range than comparable cars from competitor Tesla (TSLA). The share gained 7.3% in pre-market trading.

Dollar Tree (DLTR) – Dollar Tree rose 3.7% in the premarket after the discounter increased its stock buyback authorization by $ 1.05 billion to a total of $ 2.5 billion.

ASML (ASML) – ASML has raised its annual sales outlook and the semiconductor manufacturing equipment maker said it will see 11% annual growth through 2030 as demand for its products is booming. The share gained 1% before the trading session.

AbbVie (ABBV) – AbbVie received FDA approval for its once-daily oral migraine treatment. The drug known as Qulipta was one of the treatments AbbVie acquired in the $ 63 billion purchase of Allergan last year.

Sherwin-Williams (SHW) – Sherwin-Williams lowered its forecast for the third quarter as the paint maker cited shortages of raw materials and higher input costs. For the fourth quarter, as previously forecast, one no longer expects an improved supply or lower prices for raw materials. Sherwin-Williams lost 2% in the pre-trading session.

Affirm Holdings (AFRM) – The financial services company said it will offer a debit card and allow customers to execute cryptocurrency transactions directly from savings accounts. Affirm shares rose 3.6% early on the market.

Cal-Maine Foods (CALM) – Cal-Maine rose 4.4% in pre-trading hours after posting a smaller-than-expected loss in the most recent quarter. The egg producer’s sales exceeded Street’s forecasts as it benefited from higher egg prices.

Warby Parker (WRBY) – The eyewear maker debuts Wall Street today and goes public via direct listing at a reference price of $ 40 per share. That gives the company an initial valuation of nearly $ 5 billion.

.

Leave a Comment