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Corporate earnings were the main driver of individual stock moves early Friday. The (Photo by Spencer Platt/Getty Images)
Stock futures were lower on Friday as investors responded to news that hiring in July was much stronger than expected.
Dow Jones Industrial Average
futures fell 0.4%,
S&P 500
futures were down 0.7% and
Nasdaq Composite
futures fell 0.9%.
Here are the key stocks making moves in pre-market trading.
Stock in iRobot Corporation ( IRBT ) rose 19% to $59.45 in response to news that Amazon.con ( AMZN ) will acquire the company for $1.7 billion.
Tesla
(ticker: TSLA) was falling modestly after shareholders approved a 3-for-1 stock split. The electric vehicle company did not specify when the split would take effect.
Lyft
( LYFT ) rose 5.2% after the ride-hailing company reported a 30% rise in second-quarter revenue to $991 million. The number of active motorists during the quarter increased by 31.9% compared to the previous year.
Shares of Corteva ( CTVA ) rose 0.5% after the company reported profit of $1.64 per share, beating estimates of $1.46 per share, on sales of $6.25 billion , above expectations of $6.08 billion. Higher prices helped boost the sales result. Barron’s recommended the stock in late July, noting that the company is improving the technology of its agricultural chemical offerings, making it competitive against peers. Shares are up 0.8% since the recommendation.
Shares of Synaptics ( SYNA ) gained 1.4% after the company reported profit of $3.87 per share, beating estimates of $3.67 per share, on sales of $476.6 million , above expectations of $472.7 million. Barron’s recommended the stock in February, arguing that the company has strong growth ahead in its Internet of Things business. Shares are down 31% since then.
Shares of Jamf Holding ( JAMF ) rose 5.2% after the company reported profit of 3 cents per share, beating estimates of 2 cents per share, on sales of $115.6 million, above expectations of $113.2 million. Barron’s recommended the stock in March, arguing that companies are still rapidly adopting Jamf’s software to protect their
apple
devices Shares are down 14% since the recommendation.
Shares of Progyny (PGNY) rose 17% after the company reported profit of 9 cents per share, beating estimates of 1 cent per share, on sales of $195 million, beating expectations of 190 .5 million dollars. Barron’s recommended the stock in April, arguing that rapid growth is expected as more companies adopt
progeny
‘s
low cost health plan for infertility benefits. Shares are down 18% since the recommendation.
Shares of
blog
( SQ ) fell 7.6% after the company said
Bitcoin
revenue from its cash applications unit fell 34% in the second quarter. The fintech’s second-quarter adjusted earnings of 18 cents per share beat analysts’ estimates by 2 cents.
AMC Entertainment
(AMC) fell 8.8% early Friday after the movie company said it was giving shareholders a special dividend on AMC preferred stock units. AMC CEO Adam Aron said the preferred dividend, which will trade on the New York Stock Exchange under the symbol “APE” is “perhaps the largest action we will take in all of 2022 to fundamentally strengthen AMC in long term”.
Beyond the meat
( BYND ) fell 3.6% after the plant-based meat company cut its full-year revenue outlook.
DoorDash
( DASH ) rose 11% after the food delivery service posted better-than-expected second-quarter results and significantly raised its full-year guidance.
Expedia
‘s
(EXPE) second-quarter results beat analysts’ estimates. Shares in the online travel agency rose 6.2%.
Zillow
(Z) issued a third-quarter earnings outlook that fell well short of expectations. Shares of the real estate listings website sank 8.5% early Friday.
caravan
( CVNA ) rose 8.4% after the company reported a loss of $439 million in the second quarter, narrower than a loss of $506 million in the previous quarter. Second-quarter sales volume of 117,564 vehicles was up from 105,185 in the previous quarter and 107,815 a year earlier.
Cloudflare
(NET) surged 20% in premarket trading after the web security provider raised its full-year revenue guidance.
Shares of
Virgin Galactic
( SPCE ) fell 14% after the space tourism company delayed the launch of commercial service to the second quarter of 2023.
DraftKings
(DKNG) rose 9.4% after raising fiscal guidance for 2022.
Write to Joe Woelfel at joseph.woelfel@barrons.com
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