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Pre-Bell｜U.S. Futures Rebound; Peloton Stock Plummets 30%

U.S. stock futures pointed higher Tuesday, moving upwards after three days of heavy selling on the e

Pre-Bell｜U.S. Futures Rebound; Peloton Stock Plummets 30%

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The miss comes as Novavax shipped just 31 million Covid-19 vaccine doses during the quarter, putting it well off the pace of its projected 2 billion shots for 2022. Novavax reiterated its prior 2022 revenue forecast, however, saying it expected vaccine sales to accelerate during the current quarter.<a href=\"https://laohu8.com/S/VRM\">Vroom </a> – Vroom surged 38% in premarket trading after the online used-vehicle seller posted a smaller than expected quarterly loss and revenue that exceeded analyst estimates. Vroom also announced that chief operating officer Thomas Shortt would become CEO, replacing Paul Hennessey, as well as unveiling a restructuring that will eliminate about 270 jobs.<a href=\"https://laohu8.com/S/BHVN\">Biohaven Pharmaceutical </a> – The migraine drugmaker agreed to be bought by Pfizer (PFE) in a deal worth $11.6 billion, resulting in a 72% premarket surge in its shares. Biohaven shareholders will receive $148.50 per share in cash, plus half a share in a new publicly traded company that will hold some of the Biohaven drugs still in development. Pfizer, which had a 2.6% stake in Biohaven prior to the deal announcement, fell 1.4%.<a href=\"https://laohu8.com/S/ARMK\">Aramark</a> – The food services company’s shares gained 2.3% in the premarket, following news that it would separate its uniform services unit into a separate company. Separately, Aramark reported quarterly profit that matched estimates, with revenue coming in above consensus.<a href=\"https://laohu8.com/S/EPC\">Edgewell Personal Care</a> – The maker of personal care products like Schick razors and Edge shaving cream fell 6 cents a share shy of estimates, with quarterly earnings of 50 cents per share. Edgewell also raised its sales guidance for the year but lowered its earnings guidance as inflationary pressures persist.<a href=\"https://laohu8.com/S/NCLH\">Norwegian Cruise Line</a> – Norwegian shares added 1.6% in premarket trading after saying bookings were now exceeding pre-pandemic levels. Norwegian reported a quarterly loss of $1.82 per share, larger than the $1.53 loss expected by analysts.<a href=\"https://laohu8.com/S/UPST\">Upstart </a> – Upstart plummeted 51.2% in the premarket despite better-than-expected quarterly results. The decline comes as the AI-powered lending platform operator cut its outlook, saying the current macroeconomic environment is likely to negatively impact loan volume.<a href=\"https://laohu8.com/S/AMC\">AMC Entertainment</a> – AMC rallied 6.8% in the premarket after reporting a smaller than expected quarterly loss as well as revenue that exceeded analyst forecasts. AMC was helped by the release of popular big-budget movies like “The Batman,” and noted a jump in per-patron revenue above pre-pandemic levels.<a href=\"https://laohu8.com/S/TREX\">Trex </a> – Trex gained 3.3% in premarket action after the maker of outdoor decking and railing materials reported better-than-expected quarterly results. Trex continues to benefit from elevated demand from consumers seeking to renovate outdoor spaces in their homes.<h2>Market News</h2>Peloton Stock Plummets After Earnings Miss<a href=\"https://laohu8.com/S/PTON\">Peloton Interactive</a> was plunging in premarket trading Tuesday after the company’s earnings missed Wall Street expectations.Third-quarter revenue came in at $964.3 million, under estimates for $970 million. <a href=\"https://laohu8.com/S/PTON\">Peloton</a> reported a loss of $2.27 a share, wider than estimates calling for a loss of 83 cents a share.The stock skyrocketed in 2020 as gyms shuttered their doors and consumers invested in Peloton’s signature home workout equipment, but with the economy reopening, the shares are down over 60% this year.Tesla&#39;s Giga Shanghai Produced 10,757 Vehicles in April and Sold 1,512 Vehicles Domestically<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>&#39;s Giga Shanghai produced 10,757 vehicles in April and sold 1,512 vehicles domestically, Reuters reported, citing data from the China Passenger Car Association.The company did not export any vehicles during the month, going against the norms of focusing on exports in the first half of the quarter.TSMC Revenue for April Was Approximately NT$172.56 Billion, an Increase of 55% YoY<a href=\"https://laohu8.com/S/TSM\">TSMC</a> today announced its net revenue for April 2022: On a consolidated basis, revenue for April 2022 was approximately NT$172.56 billion, an increase of 0.3 percent from March 2022 and an increase of 55.0 percent from April 2021.Revenue for January through April 2022 totaled NT$663.64 billion, an increase of 40.1 percent compared to the same period in 2021.Li Auto Beats Sales and Earnings Estimates<a href=\"https://laohu8.com/S/LI\">Li Auto</a> today announced its unaudited financial results for the quarter ended March 31, 2022.Total revenues were RMB9.56 billion (US$1.51 billion) in the first quarter of 2022, representing an increase of 167.5% from RMB3.58 billion in the first quarter of 2021 and a decrease of 10.0% from RMB10.62 billion in the fourth quarter of 2021.Gross profit was RMB2.16 billion (US$341.3 million) in the first quarter of 2022, representing an increase of 250.9% from RMB616.7 million in the first quarter of 2021 and a decrease of 9.1% from RMB2.38 billion in the fourth quarter of 2021.Sony&#39;s Q4 Operating Profit More Than Doubles to 138.6 Billion Yen, Helped by GamingJapan&#39;s Sony Group Corp said on Tuesday its fourth-quarter operating profit more than doubled to 138.6 billion yen ($1.06 billion), helped by a strong performance at its gaming and network services business.The profit for the three months to March 31, which compares with a profit of 66.5 billion yen a year ago, was, however, lower than an average 147 billion yen profit estimate from 10 analyst surveyed by Refinitiv.</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPre-Bell｜U.S. Futures Rebound; Peloton Stock Plummets 30%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nTiger Newspress \n2022-05-10 19:55\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body>U.S. stock futures pointed higher Tuesday, moving upwards after three days of heavy selling on the eve of the key inflation report.<h2>Market Snapshot</h2>At 8:00 a.m. ET, Dow e-minis were up 203 points, or 0.63%, S&amp;P 500 e-minis were up 28.5 points, or 0.71%, and Nasdaq 100 e-minis were up 142 points, or 1.16%.<img src=\"https://static.tigerbbs.com/73f97b793bbbc76f6ca61c81e67a949e\" tg-width=\"476\" tg-height=\"239\" referrerpolicy=\"no-referrer\"/><h2>Pre-Market Movers</h2><a href=\"https://laohu8.com/S/PTON\">Peloton</a> – Peloton shares plunged 30% in the premarket after the fitness equipment maker reported a larger-than-expected quarterly loss and projected current-quarter revenue below estimates due to softening demand.<a href=\"https://laohu8.com/S/NVAX\">Novavax</a> – Novavax sank 23% in premarket trading after the vaccine maker missed both top and bottom line estimates for its latest quarter. The miss comes as Novavax shipped just 31 million Covid-19 vaccine doses during the quarter, putting it well off the pace of its projected 2 billion shots for 2022. Novavax reiterated its prior 2022 revenue forecast, however, saying it expected vaccine sales to accelerate during the current quarter.<a href=\"https://laohu8.com/S/VRM\">Vroom </a> – Vroom surged 38% in premarket trading after the online used-vehicle seller posted a smaller than expected quarterly loss and revenue that exceeded analyst estimates. Vroom also announced that chief operating officer Thomas Shortt would become CEO, replacing Paul Hennessey, as well as unveiling a restructuring that will eliminate about 270 jobs.<a href=\"https://laohu8.com/S/BHVN\">Biohaven Pharmaceutical </a> – The migraine drugmaker agreed to be bought by Pfizer (PFE) in a deal worth $11.6 billion, resulting in a 72% premarket surge in its shares. Biohaven shareholders will receive $148.50 per share in cash, plus half a share in a new publicly traded company that will hold some of the Biohaven drugs still in development. Pfizer, which had a 2.6% stake in Biohaven prior to the deal announcement, fell 1.4%.<a href=\"https://laohu8.com/S/ARMK\">Aramark</a> – The food services company’s shares gained 2.3% in the premarket, following news that it would separate its uniform services unit into a separate company. Separately, Aramark reported quarterly profit that matched estimates, with revenue coming in above consensus.<a href=\"https://laohu8.com/S/EPC\">Edgewell Personal Care</a> – The maker of personal care products like Schick razors and Edge shaving cream fell 6 cents a share shy of estimates, with quarterly earnings of 50 cents per share. Edgewell also raised its sales guidance for the year but lowered its earnings guidance as inflationary pressures persist.<a href=\"https://laohu8.com/S/NCLH\">Norwegian Cruise Line</a> – Norwegian shares added 1.6% in premarket trading after saying bookings were now exceeding pre-pandemic levels. Norwegian reported a quarterly loss of $1.82 per share, larger than the $1.53 loss expected by analysts.<a href=\"https://laohu8.com/S/UPST\">Upstart </a> – Upstart plummeted 51.2% in the premarket despite better-than-expected quarterly results. The decline comes as the AI-powered lending platform operator cut its outlook, saying the current macroeconomic environment is likely to negatively impact loan volume.<a href=\"https://laohu8.com/S/AMC\">AMC Entertainment</a> – AMC rallied 6.8% in the premarket after reporting a smaller than expected quarterly loss as well as revenue that exceeded analyst forecasts. AMC was helped by the release of popular big-budget movies like “The Batman,” and noted a jump in per-patron revenue above pre-pandemic levels.<a href=\"https://laohu8.com/S/TREX\">Trex </a> – Trex gained 3.3% in premarket action after the maker of outdoor decking and railing materials reported better-than-expected quarterly results. Trex continues to benefit from elevated demand from consumers seeking to renovate outdoor spaces in their homes.<h2>Market News</h2>Peloton Stock Plummets After Earnings Miss<a href=\"https://laohu8.com/S/PTON\">Peloton Interactive</a> was plunging in premarket trading Tuesday after the company’s earnings missed Wall Street expectations.Third-quarter revenue came in at $964.3 million, under estimates for $970 million. <a href=\"https://laohu8.com/S/PTON\">Peloton</a> reported a loss of $2.27 a share, wider than estimates calling for a loss of 83 cents a share.The stock skyrocketed in 2020 as gyms shuttered their doors and consumers invested in Peloton’s signature home workout equipment, but with the economy reopening, the shares are down over 60% this year.Tesla&#39;s Giga Shanghai Produced 10,757 Vehicles in April and Sold 1,512 Vehicles Domestically<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>&#39;s Giga Shanghai produced 10,757 vehicles in April and sold 1,512 vehicles domestically, Reuters reported, citing data from the China Passenger Car Association.The company did not export any vehicles during the month, going against the norms of focusing on exports in the first half of the quarter.TSMC Revenue for April Was Approximately NT$172.56 Billion, an Increase of 55% YoY<a href=\"https://laohu8.com/S/TSM\">TSMC</a> today announced its net revenue for April 2022: On a consolidated basis, revenue for April 2022 was approximately NT$172.56 billion, an increase of 0.3 percent from March 2022 and an increase of 55.0 percent from April 2021.Revenue for January through April 2022 totaled NT$663.64 billion, an increase of 40.1 percent compared to the same period in 2021.Li Auto Beats Sales and Earnings Estimates<a href=\"https://laohu8.com/S/LI\">Li Auto</a> today announced its unaudited financial results for the quarter ended March 31, 2022.Total revenues were RMB9.56 billion (US$1.51 billion) in the first quarter of 2022, representing an increase of 167.5% from RMB3.58 billion in the first quarter of 2021 and a decrease of 10.0% from RMB10.62 billion in the fourth quarter of 2021.Gross profit was RMB2.16 billion (US$341.3 million) in the first quarter of 2022, representing an increase of 250.9% from RMB616.7 million in the first quarter of 2021 and a decrease of 9.1% from RMB2.38 billion in the fourth quarter of 2021.Sony&#39;s Q4 Operating Profit More Than Doubles to 138.6 Billion Yen, Helped by GamingJapan&#39;s Sony Group Corp said on Tuesday its fourth-quarter operating profit more than doubled to 138.6 billion yen ($1.06 billion), helped by a strong performance at its gaming and network services business.The profit for the three months to March 31, which compares with a profit of 66.5 billion yen a year ago, was, however, lower than an average 147 billion yen profit estimate from 10 analyst surveyed by Refinitiv.</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150597099","content_text":"U.S. stock futures pointed higher Tuesday, moving upwards after three days of heavy selling on the eve of the key inflation report.Market SnapshotAt 8:00 a.m. ET, Dow e-minis were up 203 points, or 0.63%, S&P 500 e-minis were up 28.5 points, or 0.71%, and Nasdaq 100 e-minis were up 142 points, or 1.16%.Pre-Market MoversPeloton – Peloton shares plunged 30% in the premarket after the fitness equipment maker reported a larger-than-expected quarterly loss and projected current-quarter revenue below estimates due to softening demand.Novavax – Novavax sank 23% in premarket trading after the vaccine maker missed both top and bottom line estimates for its latest quarter. The miss comes as Novavax shipped just 31 million Covid-19 vaccine doses during the quarter, putting it well off the pace of its projected 2 billion shots for 2022. Novavax reiterated its prior 2022 revenue forecast, however, saying it expected vaccine sales to accelerate during the current quarter.Vroom – Vroom surged 38% in premarket trading after the online used-vehicle seller posted a smaller than expected quarterly loss and revenue that exceeded analyst estimates. Vroom also announced that chief operating officer Thomas Shortt would become CEO, replacing Paul Hennessey, as well as unveiling a restructuring that will eliminate about 270 jobs.Biohaven Pharmaceutical – The migraine drugmaker agreed to be bought by Pfizer (PFE) in a deal worth $11.6 billion, resulting in a 72% premarket surge in its shares. Biohaven shareholders will receive $148.50 per share in cash, plus half a share in a new publicly traded company that will hold some of the Biohaven drugs still in development. Pfizer, which had a 2.6% stake in Biohaven prior to the deal announcement, fell 1.4%.Aramark – The food services company’s shares gained 2.3% in the premarket, following news that it would separate its uniform services unit into a separate company. Separately, Aramark reported quarterly profit that matched estimates, with revenue coming in above consensus.Edgewell Personal Care – The maker of personal care products like Schick razors and Edge shaving cream fell 6 cents a share shy of estimates, with quarterly earnings of 50 cents per share. Edgewell also raised its sales guidance for the year but lowered its earnings guidance as inflationary pressures persist.Norwegian Cruise Line – Norwegian shares added 1.6% in premarket trading after saying bookings were now exceeding pre-pandemic levels. Norwegian reported a quarterly loss of $1.82 per share, larger than the $1.53 loss expected by analysts.Upstart – Upstart plummeted 51.2% in the premarket despite better-than-expected quarterly results. The decline comes as the AI-powered lending platform operator cut its outlook, saying the current macroeconomic environment is likely to negatively impact loan volume.AMC Entertainment – AMC rallied 6.8% in the premarket after reporting a smaller than expected quarterly loss as well as revenue that exceeded analyst forecasts. AMC was helped by the release of popular big-budget movies like “The Batman,” and noted a jump in per-patron revenue above pre-pandemic levels.Trex – Trex gained 3.3% in premarket action after the maker of outdoor decking and railing materials reported better-than-expected quarterly results. Trex continues to benefit from elevated demand from consumers seeking to renovate outdoor spaces in their homes.Market NewsPeloton Stock Plummets After Earnings MissPeloton Interactive was plunging in premarket trading Tuesday after the company’s earnings missed Wall Street expectations.Third-quarter revenue came in at $964.3 million, under estimates for $970 million. Peloton reported a loss of $2.27 a share, wider than estimates calling for a loss of 83 cents a share.The stock skyrocketed in 2020 as gyms shuttered their doors and consumers invested in Peloton’s signature home workout equipment, but with the economy reopening, the shares are down over 60% this year.Tesla's Giga Shanghai Produced 10,757 Vehicles in April and Sold 1,512 Vehicles DomesticallyTesla's Giga Shanghai produced 10,757 vehicles in April and sold 1,512 vehicles domestically, Reuters reported, citing data from the China Passenger Car Association.The company did not export any vehicles during the month, going against the norms of focusing on exports in the first half of the quarter.TSMC Revenue for April Was Approximately NT$172.56 Billion, an Increase of 55% YoYTSMC today announced its net revenue for April 2022: On a consolidated basis, revenue for April 2022 was approximately NT$172.56 billion, an increase of 0.3 percent from March 2022 and an increase of 55.0 percent from April 2021.Revenue for January through April 2022 totaled NT$663.64 billion, an increase of 40.1 percent compared to the same period in 2021.Li Auto Beats Sales and Earnings EstimatesLi Auto today announced its unaudited financial results for the quarter ended March 31, 2022.Total revenues were RMB9.56 billion (US$1.51 billion) in the first quarter of 2022, representing an increase of 167.5% from RMB3.58 billion in the first quarter of 2021 and a decrease of 10.0% from RMB10.62 billion in the fourth quarter of 2021.Gross profit was RMB2.16 billion (US$341.3 million) in the first quarter of 2022, representing an increase of 250.9% from RMB616.7 million in the first quarter of 2021 and a decrease of 9.1% from RMB2.38 billion in the fourth quarter of 2021.Sony's Q4 Operating Profit More Than Doubles to 138.6 Billion Yen, Helped by GamingJapan's Sony Group Corp said on Tuesday its fourth-quarter operating profit more than doubled to 138.6 billion yen ($1.06 billion), helped by a strong performance at its gaming and network services business.The profit for the three months to March 31, which compares with a profit of 66.5 billion yen a year ago, was, however, lower than an average 147 billion yen profit estimate from 10 analyst surveyed by Refinitiv.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1186,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":10,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}