Pre-Open Stock Movers:

Electric Last Mile Solutions, Inc. (Nasdaq: ELMS) 28.4% LOWER; announced that Shauna McIntyre, a member of the Companys Board of Directors, has been appointed as Interim Chief Executive Officer and President, succeeding James Taylor, who has resigned from his role as Chief Executive Officer and a member of the Board. In addition, Brian Krzanich has been appointed Non-Executive Chairman of the Board, replacing Jason Luo, who has also resigned from his position as Executive Chairman of the Board. The departures follow an investigation conducted by a Special Committee of the Board of Directors (the Special Committee).

PayPal (NASDAQ: PYPL) 17% LOWER; reported Q4 EPS of $1.11, $0.01 worse than the analyst estimate of $1.12. Revenue for the quarter came in at $6.9 billion versus the consensus estimate of $6.86 billion. PayPal sees Q1 2022 EPS of $0.87, versus the consensus of $1.16.

Capri Holdings Limited (NYSE: CPRI) 12% HIGHER; reported Q3 EPS of $1.65, $0.03 worse than the analyst estimate of $1.68. Revenue for the quarter came in at $1.6 billion versus the consensus estimate of $1.47 billion. Capri Holdings Limited sees FY2022 EPS of $5.56, versus the consensus of $5.35. Capri Holdings Limited sees FY2022 revenue of $6 billion, versus the consensus of $5.41 billion.

AMD (NASDAQ: AMD) 11% HIGHER; reported Q4 EPS of $0.92, $0.16 better than the analyst estimate of $0.76. Revenue for the quarter came in at $4.8 billion versus the consensus estimate of $4.52 billion. Advanced Micro Devices, Inc. sees Q1 2022 revenue of $4.9-5.1 billion, versus the consensus of $4.32 billion.

Brinker International (NYSE: EAT) 9.6% HIGHER; reported Q2 EPS of $0.71, $0.19 better than the analyst estimate of $0.52. Revenue for the quarter came in at $904.5 million versus the consensus estimate of $927.84 million.

Xilinx, Inc. (NASDAQ: XLNX) 9% HIGHER; AMD Expects To Close Acquisition Of Xilinx In First Quarter

Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) 8.7% HIGHER; reported Q4 EPS of $30.69, $3.21 better than the analyst estimate of $27.48. Revenue for the quarter came in at $75.33 billion versus the consensus estimate of $72.13 billion. Announces 20-for-1 stock split.

Mercury Systems (NASDAQ: MRCY) 8.3% LOWER; reported Q2 EPS of $0.39, $0.03 worse than the analyst estimate of $0.42. Revenue for the quarter came in at $220.4 million versus the consensus estimate of $223.22 million.

Arbutus Biopharma (NASDAQ: ABUS) 6.5% HIGHER; Jefferies upgraded from Hold to Buy with a price target of $5.00 (from $4.00).

A10 Networks (NYSE: ATEN) 4.8% HIGHER; reported Q4 EPS of $0.20, $0.03 better than the analyst estimate of $0.17. Revenue for the quarter came in at $70.7 million versus the consensus estimate of $68.84 million.

Under Armour, Inc. (NYSE: UAA) 4% HIGHER; Morgan Stanley upgraded from Equalweight to Overweight with a price target of $24.00 (from $23.00).

Match Group (NASDAQ: MTCH) 2.4% LOWER; reported Q4 EPS of ($0.60), $1.13 worse than the analyst estimate of $0.53. Revenue for the quarter came in at $806 million versus the consensus estimate of $818.29 million. Match Group sees Q1 2022 revenue of $790-800 million, versus the consensus of $835.75 million.

Starbucks (NASDAQ: SBUX) 1% LOWER; reported Q1 EPS of $0.72, $0.07 worse than the analyst estimate of $0.79. Revenue for the quarter came in at $8.1 billion versus the consensus estimate of $7.97 billion.