BioNTech (BNTX) – Drug maker shares jumped 5.9% in premarket after reporting significantly better-than-expected fourth-quarter earnings. BioNTech also reiterated its previous guidelines for vaccine revenue for 2022. Five Below (FIVE) – The discounted retailer’s share fell 3.4% in pre-market trading after a mixed quarterly report. Five Below exceeded estimates by a penny with quarterly earnings of $ 2.49 per share, but both revenue and comparable sales were below analysts’ forecasts. RH (RH) – RH fell 2.8% in pre-market trading after the high-end furniture retailer reported lower-than-expected revenue for the last quarter, although its earnings were slightly higher than Wall forecasts. Street. RH also announced a 3: 1 split in shares. Lululemon (LULU) – Lululemon rose 7.4% in pre-market activity despite a quarterly loss of revenue. The sportswear company reported an adjusted quarterly profit of $ 3.37 per share, 9 cents above estimates, and issued optimistic guidance for 2022. Lululemon also announced a $ 1 billion share repurchase program. Micron Technology (MU) – Micron reported an adjusted quarterly earnings of $ 2.14 per share, 17 cents above estimates. The computer chip maker also reported revenue better than expected, as sales for data centers and smartphones showed strong growth. Micron issued an optimistic earnings forecast for the current quarter and the stock jumped 4.1% in the pre-market. Chewy (CHWY) – Chewy shares fell 13.5% in pre-market trading after losses at the top and the last price for the last quarter. The pet seller lost 15 cents a share, more than the 8-cent loss analysts had expected as labor costs rose and profit margins shrank. Norfolk Southern (NSC) – Norfolk Southern rose 2.1% in preliminary trading following the announcement by the rail operator of a new $ 10 billion share repurchase program. WeWork (WE) – WeWork CEO Sandeep Mathrani has added the additional role of chairman to the office sharing company. It fills the void left by former President Marcelo Claure leaving earlier this year. WeWork added 3% to premarket. Pearson (PSO) – Education publisher’s share plunged 7.1% in premarket after private equity firm Apollo said it was unable to reach an agreement with Pearson over a possible takeover bid and has no plans to bid . Wayfair (W) – Furniture and home retailer shares hit 4.5% in pre-market trading after Loop Capital downgraded the stock to ‘sell’ from ‘held’, predicting a negative impact from the Fed tightening and the end of Covid-related incentives.
