FinanceTesla, Meta, DR Horton and more

Tesla, Meta, DR Horton and more

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News Update – Pre-Markets

Try the businesses making headlines earlier than the bell:

Tesla (TSLA) – SEC filings present CEO Elon Musk offered almost $4 billion in Tesla shares within the days following his buy of Twitter. Tesla shares added 1.5% within the premarket.

Meta Platforms (META) – The Fb dad or mum’s shares rallied 4.3% in premarket buying and selling after the corporate introduced it was shedding 13% of its workforce, or greater than 11,000 employees.

DR Horton (DHI) – The house builder’s inventory slid 3.1% within the premarket after it missed high and backside line estimates for its newest quarter. It additionally mentioned it could not present steering on account of housing market uncertainty.

Walt Disney (DIS) – Walt Disney tumbled 7.4% within the premarket after lacking high and backside line estimates for its newest quarter. Disney’s earnings took a success from larger prices at its Disney+ streaming service, and the corporate plans to chop advertising and content material budgets.

Affirm Holdings (AFRM) – Affirm Holdings plunged 12.2% in premarket buying and selling after the buy-now-pay-later agency reported a wider-than-expected quarterly loss. Affirm has been notably in style amongst patrons of Peloton bikes, and is seeing an impression from slowing Peloton gear gross sales.

Upstart Holdings (UPST) – Upstart plummeted 23.8% in premarket motion after the AI-driven lending platform issued a a lot weaker-than-expected income forecast for the present quarter, citing difficult financial circumstances.

AMC Leisure (AMC) – AMC reported a quarterly lack of 22 cents per share, smaller than the 26 cents loss anticipated by analysts, and income topped consensus. CEO Adam Aron mentioned AMC’s outcomes have been impacted by mushy field workplace leads to the latter a part of the quarter. AMC fell 3.9% in premarket motion.

Lucid Group (LCID) – Lucid slid 8.3% within the premarket after saying it might elevate as much as $1.5 billion by inventory gross sales to fund the electrical car maker’s operations.

Axon Enterprise (AXON) – Axon rallied 8.5% in premarket buying and selling after the Taser maker reported better-than-expected revenue and income for the third quarter. It additionally raised its full-year outlook, citing sturdy demand.

Sprouts Farmers Market (SFM) – Sprouts Farmers Markets staged an 8.2% off-hours rally on better-than-expected third-quarter outcomes. The natural merchandise grocer additionally raised its full-year forecast, saying it benefited from an rising emphasis on well being and wellness by customers.

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