CarMax, AST SpaceMobile, La-Z-Boy lead premarket movers on earnings and satellite launch

EarningsProduct / Tech
โดย CNBC·Read original
Summary · why it matters

Several stocks made notable premarket moves on Wednesday. CarMax rose more than 3.5% after reporting first-quarter earnings of $1.31 per share, well above the 95 cents expected by analysts polled by LSEG. AST SpaceMobile jumped 6% following the successful launch of three new satellites to build its cellular broadband network in space, using SpaceX's Falcon 9 rocket. La-Z-Boy surged 16% after retail sales rose 11% in its fiscal fourth quarter and it delivered an earnings beat. Lionsgate Studios fell more than 5% after Netflix denied reports of acquisition interest, reversing a 14% gain on Tuesday. Semiconductor stocks rebounded from a sell-off, with Intel up more than 3%, Advanced Micro Devices up more than 2.5%, and Broadcom and Qualcomm up more than 1.5%. Figma gained 4% after Citi initiated coverage with a buy rating, citing a $25 billion total addressable market. Oracle slipped 1% after calling a Business Insider report inaccurate that said Microsoft ended a $3 billion cloud infrastructure lease deal over security concerns. Jabil fell more than 2% despite an earnings and revenue beat and above-expectations guidance.

Impact on stocks 14

Artificial Intelligence▲ · 3 stocks
Semiconductors▲ · 3 stocks
Space Economy▲ · 2 stocks
Ast Spacemobile Inc
ASTS
▲ PositiveTechnologyrelevance

Successfully launched three new satellites to build its cellular broadband network.

Consumer Discretionary▲ · 2 stocks
CarMax Inc
KMX
▲ PositiveCapitalrelevance

Reported Q1 earnings of $1.31 per share, well above the 95 cents expected.

Communication Services▼ · 2 stocks
Cloud & Digital Infrastructure± Mixed · 2 stocks
Oracle Corporation
ORCL
▼ NegativeCapitalDemandrelevance

Called a Business Insider report inaccurate that said Microsoft ended a $3 billion cloud infrastructure lease deal over security concerns.

Figma, Inc.
FIG
▲ PositiveCapitalrelevance

Citi initiated coverage with a buy rating, citing a $25 billion total addressable market.

Theme Impact 1

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