Check out the companies making the biggest moves in premarket trading: Meme stocks — GameStop soared 120%, adding to the 74.4% it gained Monday , after the man who fueled the 2021 GameStop frenzy “Roaring Kitty” posted online for the first time in about three years. Shares of AMC popped 106%, while Reddit and Robinhood added 4% and nearly 6%, respectively. Alibaba — U.S.-listed shares shed nearly 5% after the Chinese e-commerce giant reported an 86% drop in profits for its fiscal fourth quarter . However, Alibaba beat revenue expectations, coming in at 221.9 billion Chinese yuan ($30.7 billion) versus the LSEG consensus estimate of 219.66 billion yuan. Home Depot — The home improvement retailer slipped less than 1% on the back of mixed quarterly results . Home Depot reported earnings per share of $3.63, topping the $3.60 expected from analysts polled by LSEG. Revenue was $36.42 billion, missing the $36.66 billion consensus estimate. Sony — U.S.-listed shares added 3% after the PlayStation maker reported quarterly revenue of 3.5 trillion yen, topping the 2.89 trillion yen, per LSEG. Operating profits, however, came in lighter than expected. Vodafone — The U.K.-based telecom company gained 3% after its full-year adjusted free cash flow and operating profit beat expectations. On Holding — The shoe maker jumped 9% on the back of first-quarter earnings tha …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making the biggest moves in premarket trading: Meme stocks — GameStop soared 120%, adding to the 74.4% it gained Monday , after the man who fueled the 2021 GameStop frenzy “Roaring Kitty” posted online for the first time in about three years. Shares of AMC popped 106%, while Reddit and Robinhood added 4% and nearly 6%, respectively. Alibaba — U.S.-listed shares shed nearly 5% after the Chinese e-commerce giant reported an 86% drop in profits for its fiscal fourth quarter . However, Alibaba beat revenue expectations, coming in at 221.9 billion Chinese yuan ($30.7 billion) versus the LSEG consensus estimate of 219.66 billion yuan. Home Depot — The home improvement retailer slipped less than 1% on the back of mixed quarterly results . Home Depot reported earnings per share of $3.63, topping the $3.60 expected from analysts polled by LSEG. Revenue was $36.42 billion, missing the $36.66 billion consensus estimate. Sony — U.S.-listed shares added 3% after the PlayStation maker reported quarterly revenue of 3.5 trillion yen, topping the 2.89 trillion yen, per LSEG. Operating profits, however, came in lighter than expected. Vodafone — The U.K.-based telecom company gained 3% after its full-year adjusted free cash flow and operating profit beat expectations. On Holding — The shoe maker jumped 9% on the back of first-quarter earnings tha …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
