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Pre-Open Movers: iRobot Surges on Amazon Takeover, Twilio Lower on Results

August 5, 2022 9:17 AM EDT

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Pre-Open Stock Movers:

Athenex (NASDAQ: ATNX) 61% HIGHER; reports from the Economic Times that Intas and Dr. Reddys Labs (NYSE: RDY) are in talks to acquire the company for $200-$250 million.

iRobot (NASDAQ: IRBT) 20% HIGHER; Today Amazon (NASDAQ: AMZN) and iRobot (NASDAQ: IRBT) announced that they have entered into a definitive merger agreement under which Amazon will acquire iRobot. iRobot has a history of making customers' lives easier with innovative cleaning products for the home. iRobot has continued to innovate with every product generation, solving hard problems to help give customers valuable time back in their day.

Virgin Galactic Holdings (NYSE: SPCE) 16% LOWER; reported Q2 EPS of ($0.43), $0.07 worse than the analyst estimate of ($0.36). Revenue for the quarter came in at $357 thousand versus the consensus estimate of $89.88 thousand. The company also again delayed the commercial launch of its space flight to the second quarter of 2023 from the first quarter,

Cloudflare (NYSE: NET) 16% HIGHER; reported Q2 EPS of $0.00, $0.01 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $234.5 million versus the consensus estimate of $227.33 million. Cloudflare sees Q3 2022 EPS of $0.00-$0.01, versus the consensus of $0.01. Cloudflare sees Q3 2022 revenue of $250-251 million, versus the consensus of $246.9 million. Cloudflare sees FY2022 EPS of $0.03-$0.04, versus the consensus of $0.03. Cloudflare sees FY2022 revenue of $968-972 million, versus the consensus of $958.4 million.

fuboTV Inc. (NYSE: FUBO) 13% HIGHER; reported Q2 EPS of ($0.63), $0.08 better than the analyst estimate of ($0.71). Revenue for the quarter came in at $221.9 million versus the consensus estimate of $227.51 million.

Warner Bros. Discovery (NASDAQ: WBD) 11% LOWER; reported Q2 EPS of ($1.50), $1.62 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $9.83 billion versus the consensus estimate of $11.87 billion. To merge the HBO Max streaming service with Discovery+ as a single offering.

Twilio (NYSE: TWLO) 11% LOWER; reported Q2 EPS of ($0.11), $0.08 better than the analyst estimate of ($0.19). Revenue for the quarter came in at $943.4 million versus the consensus estimate of $921.63 million. Twilio sees Q3 2022 EPS of ($0.43)-($0.37), versus the consensus of ($0.10). Twilio sees Q3 2022 revenue of $965-975 million, versus the consensus of $977.9 million.

Yelp (NYSE: YELP) 10% HIGHER; reported Q2 EPS of $0.11, $0.11 better than the analyst estimate of $0.00. Revenue for the quarter came in at $299 million versus the consensus estimate of $285.75 million.

Rocket Companies (NYSE: RKT) 10% LOWER; reported Q2 EPS of ($0.03), $0.05 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.54 billion.

Zillow (NASDAQ: Z) 9% LOWER; reported Q2 revenue of $1 billion versus the consensus estimate of $984.81 million.

Block (NYSE: SQ) 7% LOWER; reported Q2 EPS of $0.18, $0.02 better than the analyst estimate of $0.16. Revenue for the quarter came in at $4.4 billion versus the consensus estimate of $4.33 billion.

Atlassian (NASDAQ: TEAM) 7% HIGHER; reported Q4 EPS of $0.27, in-line with the analyst estimate of $0.27. Revenue for the quarter came in at $760 million versus the consensus estimate of $723.7 million. Atlassian sees Q1 2023 EPS of $0.37-$0.38, versus the consensus of $0.37. Atlassian sees Q1 2023 revenue of $795-810 million, versus the consensus of $773.49 million.

AMC Entertainment (NYSE: AMC) 6% LOWER; reported Q2 EPS of ($0.20), $0.01 worse than the analyst estimate of ($0.19). Revenue for the quarter came in at $1.17 billion versus the consensus estimate of $1.17 billion.

Carvana Co. (NYSE: CVNA) 6% HIGHER; reported Q2 EPS of ($2.35), $0.44 worse than the analyst estimate of ($1.91). Revenue for the quarter came in at $3.88 billion versus the consensus estimate of $3.99 billion. Retail Units Sold of 117,564, an increase of 9% YoY.

Expedia (NASDAQ: EXPE) 5% HIGHER; reported Q2 EPS of $1.96, $0.38 better than the analyst estimate of $1.58. Revenue for the quarter came in at $3.18 billion versus the consensus estimate of $3 billion.

DoorDash (NYSE: DASH) 5% HIGHER; reported Q2 EPS of ($0.72), $0.51 worse than the analyst estimate of ($0.21). Revenue for the quarter came in at $1.61 billion versus the consensus estimate of $1.52 billion.

Monster Beverage (NASDAQ: MNST) 5% LOWER; reported Q2 EPS of $0.51, $0.19 worse than the analyst estimate of $0.70. Revenue for the quarter came in at $1.66 billion versus the consensus estimate of $1.61 billion.

HubSpot (NYSE: HUBS) 4% HIGHER; reported Q2 EPS of $0.44, $0.01 better than the analyst estimate of $0.43. Revenue for the quarter came in at $421.8 million versus the consensus estimate of $409.85 million.

Beyond Meat (NASDAQ: BYND) 1% LOWER; reported Q2 EPS of ($1.53), $0.29 worse than the analyst estimate of ($1.24). Revenue for the quarter came in at $147 million versus the consensus estimate of $151.19 million. Beyond Meat sees FY2022 revenue of $470-520 million, versus the consensus of $559.93 million.



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