A Home Depot store in Hyattsville, Maryland on February 22, 2022.
Stefanie Reynolds | AFP | Getty Images
Check out the companies making headlines in premarket trading.
dish network – The satellite TV provider rose 5.2% in premarket trading after director James DeFranco announced the purchase of 3 million shares.
home depot, lowes – Home improvement stores fell 3.5% and 2.8% respectively in premarket trade on Tuesday after Home Depot reported the biggest drop in sales in over 20 years. The company reported revenue of $37.26 billion versus a consensus forecast by Refinitiv of $38.28 billion. Lowes will report its quarterly results on May 23.
capital one – The company rose 6.3% after a regulatory filing revealed Warren Buffet’s Berkshire had taken a new stake in the company valued at over $950 million.
Seen – The biotechnology company lost 4.5% in premarket trading. Daniel Welch, a director at Seagen, announced the sale of 1,864 shares, representing $371,961 per share.
Now stocks – Nu Holdings rose 5.9% after the fintech company beat analysts’ earnings expectations for the first quarter. According to FactSet, Nu reported adjusted net income of $182.4 million, ahead of the consensus estimate of $113.4 million. Revenue came in at $1.6 billion compared to analysts’ forecast of $1.40 billion.
Sea Limited – Shares fell nearly 8% after the Singapore-based tech company announced earnings ahead of the opening. Revenue was $3.04 billion in the first quarter, down from the $3.06 billion that analysts polled by StreetAccount were expecting. Sea Limited also reported GAAP earnings of 15 cents per share. However, it wasn’t clear if this was comparable to a StreetAccount forecast.
— CNBC’s Michelle Fox and Sarah Min contributed to the coverage
https://www.cnbc.com/2023/05/16/stocks-making-the-biggest-moves-premarket-hd-cof-dish-more.html
