Pre-Open Stock Movers 10/22: (PHUN) (DWAC) (MAT) Higher; (MTCR) (SNAP) (INTC) Lower (more...)

October 22, 2021 9:20 AM EDT

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Pre-Open Stock Movers:

Phunware, Inc. (NASDAQ: PHUN) 366% HIGHER; continues to see upside on meme stock impact

Digital World Acquisition Corp. (NASDAQ: DWAC) 89% HIGHER; the Donald Trump SPAC continues higher after jumping 357% intra-day.

Metacrine, Inc. (NASDAQ: MTCR) 53% LOWER; reported interim results from a Phase 2a clinical trial evaluating the efficacy and safety of MET642, a farnesoid X receptor (FXR) agonist, in approximately 60 non-alcoholic steatohepatitis (NASH) patients after 16 weeks of treatment. The Company also announced it is prioritizing its clinical development effort and resources to advance MET642 into a Phase 2 trial in inflammatory bowel disease (IBD) in the first half of 2022.

Snap (NYSE: SNAP) 23.3% LOWER; reported Q3 EPS of $0.17, $0.09 better than the analyst estimate of $0.08. Revenue for the quarter came in at $1.07 billion versus the consensus estimate of $1.1 billion. DAUs were 306 million in Q3 2021, an increase of 57 million, or 23%, year-over-year. Snap sees Q4 2021 revenue of $1.17-1.21 billion, versus the consensus of $1.36 billion. Adjusted EBITDA is estimated to be between $135 million and $175 million.

Socket Mobile (NASDAQ: SCKT) 18.8% LOWER; reported Q3 EPS of $0.07, $0.01 better than the analyst estimate of $0.06. Revenue for the quarter came in at $6.3 million versus the consensus estimate of $5.75 million.

Intel (NASDAQ: INTC) 8.9% LOWER; reported Q3 EPS of $1.71, $0.60 better than the analyst estimate of $1.11. Revenue for the quarter came in at $18.1 billion versus the consensus estimate of $18.24 billion. Intel sees Q4 2021 EPS of $0.90, versus the consensus of $1.01. Intel sees Q4 2021 revenue of $18.3 billion, versus the consensus of $18.25 billion. CFO George Davis announced plans to retire in May 2022.

DMC Global (NASDAQ: BOOM) 7% LOWER; reported Q3 EPS of $0.15, $0.05 better than the analyst estimate of $0.10. Revenue for the quarter came in at $67.2 million versus the consensus estimate of $71.2 million. DMC Global sees Q4 2021 EPS of $68.00-$74.00, versus the consensus of $74.40.

Mattel (NASDAQ: MAT) 7% HIGHER; reported Q3 EPS of $0.84, $0.12 better than the analyst estimate of $0.72. Revenue for the quarter came in at $1.76 billion versus the consensus estimate of $1.67 billion. Full-year Net Sales, in constant currency, are expected to increase by approximately 15% versus the prior year, up from prior guidance range of 12-14%. Adjusted Gross Margin guidance remains unchanged at a range of 47.6% to 48.1%. Adjusted EBITDA guidance is increasing by $25 million to a range of $900 to $925 million. Capital expenditures guidance remains unchanged at a range of $150 to $175 million.

GasLog Partners LP (NYSE: GLOP) 5.3% HIGHER; Jefferies upgradedfrom Hold to Buy with a price target of $6.50 (from $5.00).

The Trade Desk, Inc. (NYSE: TTD) 5.3% LOWER; falls on SNAP's results

Facebook, Inc. (NASDAQ: FB) 5% LOWER; falls on SNAP's results

Twitter, Inc. (NYSE: TWTR) 4% LOWER; falls on SNAP's results

Whirlpool (NYSE: WHR) 3.8% LOWER; reported Q3 EPS of $6.68, $0.56 better than the analyst estimate of $6.12. Revenue for the quarter came in at $5.49 billion versus the consensus estimate of $5.73 billion.

V.F. Corp. (NYSE: VFC) 2.9% LOWER; reported Q2 EPS of $1.11, $0.04 worse than the analyst estimate of $1.15. Revenue for the quarter came in at $3.2 billion versus the consensus estimate of $3.52 billion. V.F. Corp. sees FY2022 EPS of $3.20, versus the consensus of $3.17. V.F. Corp. sees FY2022 revenue of $12 billion, versus the consensus of $11.96 billion.

Zoom Video (NASDAQ: ZM) 2.9% HIGHER; JPMorgan upgraded from Neutral to Overweight with a price target of $385.00.

Alphabet Inc. (NASDAQ: GOOGL) 2.5% LOWER; falls on SNAP's results.

Moderna (NASDAQ: MRNA) 1.7% LOWER; Deutsche Bank initiates coverage with a Sell rating and a price target of $250.00.



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