Chegg, Baidu, Bed Bath & Beyond, Hertz and more
A screen displays the Hertz logo during the Hertz Corporation IPO at the Nasdaq Market site in Times Square in New York City on November 9, 2021.
Brendan McDermid | Reuters
Check out the companies making headlines before the bell:
Chegg — Shares fell 22.7% after its earnings release on Monday. The company gave first-quarter and full-year revenue guidance that was below analysts’ expectations, according to Refinitiv. Chegg noted challenges with subscriber growth and concerns about the health of the broader economy.
Baidu – Shares jumped more than 13% after Baidu announced it would launch its own artificial intelligence chatbot which will be called “Ernie Bot” in English.
Bed bath and beyond – Shares fell 30% after Bed Bath & Beyond announced a public offering to raise around $1 billion.
Oak Street Health – Oak Street Health shares jumped more than 36% after the Wall Street Journal reported that CVS Health was nearing a $10.5 billion deal for the primary care provider. CVS shares have changed little.
Hertz – Shares gained more than 4% after Hertz reported results that beat earnings per share and revenue expectations, according to FactSet.
Zoom Info Technologies — Shares fell more than 11% after the latest results from ZoomInfo Technologies. The software company beat the top and bottom lines, according to FactSet. However, it posted a lackluster revenue outlook for the first quarter and the full year.
Spirit Airlines — The airline’s stock jumped 3% in premarket after the company posted stronger-than-expected fourth-quarter earnings. Spirit Airlines reported earnings of 12 cents per share excluding items, 9 cents higher than analysts’ estimate, according to FactSet.
Skyworks Solutions — Shares rose more than 2% after Skyworks Solutions announced a $2 billion share buyback program. The announcement helped investors shrug off a slight profit loss in the semiconductor company’s last quarter.
ActivisionBlizzard – Shares rose 2% after Activision Blizzard beat revenue expectations in its latest quarter. The company reported revenue of $3.57 billion, beating consensus expectations of $3.16 billion in revenue, according to Refinitiv.
pinterest — Shares of Pinterest fell more than 1% after the image-sharing company posted mixed results. The company reported earnings of 29 cents per share, better than guidance of 27 cents per share, according to consensus expectations from Refinitiv. However, revenue came in at $877 million, below the estimate of $886 million.
DuPont de Nemours — Stocks fell 2% after DuPont de Nemours reported its latest quarterly results. The company beat expectations for revenue and earnings, but its first-quarter profit and revenue forecasts were well below estimates.
Leggett & Platt – Shares fell more than 1% after Leggett & Platt reported disappointing results, according to consensus expectations on FactSet.
– CNBC’s Alex Harring and Yun Li contributed reporting