Take a look at some of the biggest movers in the premarket:
Lowe’s (LOW) – The home improvement retailer beat estimates by 3 cents a share, with quarterly earnings of 94 cents per share. Revenue and comparable sales fell short of forecasts, however, and Lowe’s projected full-year adjusted earnings of $6.45-$6.65 per share, compared to a consensus estimate of $6.67 a share.
J.M. Smucker (SJM) – The food producer earned $2.35 per share for its latest quarter, 12 cents a share above estimates. Revenue was in line with forecasts, helped by improved volume in the coffee and peanut butter segments, as well as strong growth for its Uncrustables brand. Sales were down from a year ago, however, on weakness in the premium pet food segment.
Wendy’s (WEN) – Wendy’s matched Street forecasts with quarterly profit of 8 cents per share. Revenue was above Wall Street forecasts, and the company’s comparable-restaurant sales rise by 4.3% compared with the Refinitiv consensus estimate of a 3% increase.
Papa John’s (PZZA) – The restaurant operator reported quarterly earnings of 37 cents per share, 4 cents a share above estimates. Revenue and comparable-restaurant sales also topped Wall Street forecasts.
Virgin Galactic (SPCE) – Virgin posted a $73 million loss in its first results as a public company, including a number of one-time costs. Billionaire Richard Branson’s space tourism company lost $46 million in the year-ago quarter.
Toll Brothers (TOL) – Toll Brothers missed estimates by 4 cents a share, with quarterly earnings of 41 cents per share. The luxury home builder’s revenue came in below forecasts as lower prices hit its profit margins.
SmileDirectClub (SDC) – SmileDirectClub lost 25 cents per share for the fourth quarter, compared to a consensus estimate of a 9 cents a share loss. The maker of teeth straightening kits had revenue come in below Wall Street forecasts, as well, and gave a weaker-than-expected full-year revenue forecast.
Salesforce (CRM) – Co-CEO Keith Block has stepped down from that role, making Marc Benioff the sole CEO of the business software giant. Block will remain as chairman. Separately, the company posted quarterly profit of 66 cents per share, beating estimates by 10 cents a share. Revenue also beat forecasts.
Beyond Meat (BYND) – A Beyond Meat sandwich will be added to the menu at Starbucks (SBUX) locations in Canada on March 3. Starbucks had previously said a plant-based sandwich would be added in Canada and the U.S., but hasn’t yet announced a start date in the U.S.
WW International (WW) – WW earned 42 cents per share for the fourth quarter, 4 cents a share above estimates. The Weight Watchers parent’s revenue also came in above Wall Street forecasts. WW also ended 2019 with 4.2 million subscribers, calling it a record for year-end, and said recruitment in 2020 Is off to a fast start.
RealReal (REAL) – RealReal reported a quarterly loss of 17 cents per share, 2 cents a share smaller than Wall Street had anticipated. Revenue came in above estimates, however the online seller of secondhand luxury goods saw its active buyer numbers come in below analysts’ forecasts.