Hilton Worldwide (HLT) â ???? The hotel operator reported a quarterly loss of 10 cents per share, surprising analysts who were expecting earnings of 4 cents per share, while revenue also fell short of estimates The loss came when Covid-19-related disruptions led to a 59 decline of comparable sales per available room by 2% compared to the previous year Hilton shares have fallen by 2.3% in premarket trading

Garmin (GRMN) â ???? The fitness and navigation equipment maker beat estimates by 44 cents per share with quarterly earnings of $ 1.73 per share. Revenue also beat analysts’ forecasts Garmin saw strong growth in most segments, led by marine and outdoor their shares are up 1 higher 9% in the pre-market

Vir Biotechnology (VIR) â ???? Vir shares jumped 144% in premarket trading following the announcement that Covid-19 antibody partnership with GlaxoSmithKline (GSK) is expanding to research therapies for other diseases

Shopify (SHOP) â ???? Shopify made $ 1.58 a share for the fourth quarter, beating $ 1.26 a stock consensus estimate, revenue also surpassed projections Shopify benefited from more and more merchants adopting their ecommerce tools to sell their products and services online Shares were up 1% before going public

Chevron (CVX), Verizon (VZ) â ???? Warren Buffett’s Berkshire Hathaway bought $ 4 billion stake in Chevron and $ 8 billion in Verizon shares in the fourth quarter, according to Berkshire’s most recent 13-F filing. Berkshire also sold its shares in drug makers Pfizer (PFE) and JPMorgan Chase (JPM), while the stake in Wells Fargo (WFC) was reduced Chevron chalked up a 38% gain in the pre-market, while Verizon gained 3,6%

Slack (WORK), Salesforcecom (CRM) â ???? Slack and Salesforce have been asked by the Justice Department’s Antitrust Division to provide more information on Salesforce’s $ 27 billion purchase of Slack, the deal is expected to run through Jan. Completed July Slack shares fell 24% in premarket trading

Tribune Publishing (TPCO) â ???? Tribune is being privatized by hedge fund Alden Global for $ 1725 per share in cash. Alden already had a 32% stake in the publisher of the Chicago Tribune, New York Daily News and Baltimore Sun. Tribune shares rose 6.5% in pre-market action

Morningstar (MORN) â ???? Morningstar has been sued by the Securities and Exchange Commission for alleged violations of securities laws in their ratings for commercial mortgage-backed securities, the financial information provider said it had complied with all regulations and ceased to use the method in question in 2018. Morningstar shares listed in premarket trading by 1% after

Tree house food (THS) ???? Jana Partners increased its stake in Treehouse to 73%, urging the packaged food company to consider options including a possible sale In its 13-F quarterly filing, Jana also announced a new stake in medical laboratory operator LabCorp (LH)

La-Z-Boy (LZB) â ???? La-Z-Boy shares fell 52% in the pre-market after the furniture maker announced that CEO Kurt Darrow would be hiring on Jan. April would retire to be replaced by CFO Melinda Whittington, the furniture retailer also reported a decline in quarterly earnings due to higher costs due to supply chain disruptions related to Covid-19

Cedar Fair (FUN) â ???? Cedar Fair reported a loss of $ 1055 million in the fourth quarter, compared to $ 2.778 million in profit the year before, as the pandemic continued to affect visitor numbers on the amusement park operator’s property, while Cedar Fair slipped 16% in pre-market promotion

SolarEdge Technologies (SEDG) â ???? The manufacturer of solar systems exceeded the estimates by 11 cents per share and achieved a quarterly result of 98 cents per share.The sales were also above the estimates.A better than expected sales are forecast for the current quarter, which is partly due to a strong residential property market in the USA is SolarEdge shares rose 32% in the pre-market

QuantumScape (QS) â ???? QuantumScape shares jumped 62% in premarket trades, despite the EV battery maker posting a loss in its first quarterly public company release, investors are encouraged by QuantumScape’s progress in developing multilayer battery cells

CORRECTION: This article has been updated to correct the “CVX” chevron ticker symbol and to correct Cedar Fair made $ 278 million in profits in the fourth quarter of 2019

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World News – CA – Stocks Making The Biggest Moves In The Pre-Market: Chevron, Verizon, Vir Biotechnology & More

Source: https://www.cnbc.com/2021/02/17/stocks-making-the-biggest-moves-in-the-premarket-chevron-verizon-vir-biotechnology-more.html