August 10, 2022

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Expedia, Block, Lyft and more

Expedia, Block, Lyft and more

Check out the companies making headlines before the bell:

Expedia (EXPE) — Shares of the Internet travel website operator jumped 5.4% in the primary market after Expedia beat the highest and lowest estimates in its latest quarterly report. Travel demand was strong, with accommodation revenue up 57% year-over-year and revenue from airline tickets up 22%.

roadblock (SQ) – Shares of the payment services company fell 6.4% in pre-market trading despite posting better-than-expected quarterly results. The drop comes as Block reported a 34% drop in revenue in its cash app unit.

Lift (LYFT) — Taxi ordering service inventory rose 7.5% in pre-market activity after it reported unexpected quarterly earnings and saw ridership climb to the highest levels since before the pandemic. Lyft said cost controls helped her results, too.

DoorDash (DASH) — DoorDash rose 10.3% in the primary market after the food delivery service raised its forecast for total order value, a key metric. DoorDash reported a larger-than-expected quarterly loss, but revenue was above Wall Street expectations.

kings (DKNG) — The sports betting company reported better-than-expected revenue and adjusted earnings for the fourth quarter, and it also raised its full-year revenue forecast. DraftKings shares are up 8.2% in pre-market activity.

AMC Entertainment (AMC) — The movie theater operator’s stock fell 9% in the pre-market after saying it would Issuance of dividends To all ordinary shareholders in the form of preferred shares. Separately, AMC reported a slightly wider-than-expected quarterly loss.

Discover Warner Bros. (WBD) – The media company’s stock fell 11.6% in premarket trading after it reported a quarterly loss and revenue that missed Wall Street expectations.

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Beyond the meat (BYND) — The maker of plant-based meat alternatives reported a larger-than-expected quarterly loss and revenue that didn’t miss analyst estimates. Beyond Meat has also announced that it will lay off 4% of its global workforce. The stock fell 3.6% in pre-market activity.

Carvana (CVNA) — Shares of Carvana jumped 8.4% in pre-market trading after the online used-car seller said it was “aggressively” cutting costs as it braces for a potential economic downturn.

Virgo Galaxy (SPCE) – Virgin Galactic fell 14.2% in the market then Announcing the delay In the commercial launch of spaceflight to the second quarter of 2023. Virgin Galactic also said it will sell up to $300 million in stock to bolster its cash reserves.