Take a look at the companies making headlines before the bell:
Electronic Arts (EA) – Shares of the video game company jumped 6.2% premarket due to a Swedish media report that Amazon.com (AMZN) will announce an offer to buy EA today.
Gap (GPS): Gap rallied 6% in premarket trading after the clothing retailer reported an unexpected quarterly profit. Gap’s results were helped by a jump in sales of fancier clothing at its Banana Republic chain as more people returned to the office.
Affirm Holdings (AFRM): Affirm slumped 13.5% premarket following a larger-than-expected quarterly loss and a weaker-than-expected outlook. The buy-now-pay-later service provider reported revenue above Street’s forecasts.
Seagen (SGEN) – Shares of Seagen fell 10.9% in premarket action following a Bloomberg report that Merck (MRK) will buy the drugmaker. have stalled. People familiar with the matter say the two sides have so far failed to agree on a purchase price.
Everbridge (EVBG) – Everbridge jumped 14.3% premarket on a report that the enterprise software company is exploring strategic options, including a possible sale. People with knowledge of the matter told Bloomberg that the company is working with an adviser.
Dell Technologies (DELL): Dell fell 5.5% in premarket trading after quarterly revenue fell short of analyst estimates as sales slowed following the boom in PC sales during the era of the pandemic. Dell reported better-than-expected earnings for its latest quarter.
Farfetch (FTCH) – Farfetch jumped 14.1% premarket after the online luxury goods retailer reported a smaller-than-expected quarterly loss and revenue that beat analysts’ forecasts.
Workday (WDAY): Workday rallied 11.5% premarket after its quarterly earnings and revenue beat estimates. Workday also issued an upbeat forecast as more customers adopt its finance and human resources software.
Ulta Beauty (ULTA): The cosmetics retailer reported better-than-expected results for its latest quarter and also issued an upbeat outlook, continuing a recent trend among beauty-related companies. Ulta added 3.8% in the premarket.
Micro Focus (MFGP): Micro Focus nearly doubled in after-hours trading, up 94.3% on news that the UK enterprise software maker will be bought by Canadian software company OpenText (OTEX) in an all-cash deal that values the company at $6 billion. including debt. OpenText shares fell 8.5%.
Source: www.cnbc.com