Uber, Peloton and Perrigo fall premarket; Planet Fitness rises
Investing.com -- U.S. futures slipped lower Tuesday, as optimism surrounding U.S. interest rates reaching their peak fades while investors digest quarterly corporate earnings.
Here are some of the biggest premarket U.S. stock movers today:
Uber (NYSE: UBER) stock fell 1.5% after the ride-hailing company reported third-quarter results that missed expectations on the top and bottom lines but showed strength in other areas, like gross bookings.
WeWork (NYSE: WE) stock rose 35% after the flexible co-working space provider filed for bankruptcy in a New Jersey court, as it grapples with a post-pandemic downturn in office occupancy and expensive leases.
Carlyle Group (NASDAQ: CG) stock fell 1.5% after the private equity firm reported a 43% year-on-year drop in third-quarter distributable earnings, amid a slump in assets, mostly from its private equity portfolio.
Intel (NASDAQ: INTC) stock rose 0.5% after a report said the chipmaker was the leading candidate to likely get billions in government funding for secure defense-chip facilities.
Peloton (NASDAQ: PTON) stock fell 5.2% after Deutsche Bank downgraded the exercise equipment company to ‘hold’ from ‘buy’, seeing a “lack of clarity” in its growth outlook.
Perrigo (NYSE: PRGO) stock fell 4.1% after the [pharmaceutical company posted weaker-than-expected third-quarter sales and lowered its guidance.
DR Horton (NYSE: DHI) stock rose 0.2% after the homebuilder reported fourth-quarter results above expectations, benefiting from elevated property prices as inventory of previously possessed homes remained at historic lows.
UBS (NYSE: UBS) stock rose 2.1% after the Swiss banking giant reported $22 billion in net new money in its wealth management arm, helping to soften the blow of a $785 million quarterly loss to cover the costs of taking on stricken rival Credit Suisse.
- Planet Fitness (NYSE: PLNT) stock rose 6.9% after the operator of fitness centers reported third-quarter profit and revenue that rose above expectations, and issued strong guidance.