Stocks making the biggest moves premarket: Winnebago, La-Z-Boy, Revlon and others
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Check out the companies making headlines before the bell:
Winnebago (WGO) – The recreational vehicle maker saw its stock jump 3.4% after it beat top and bottom-line estimates for its latest quarter. Winnebago earned an adjusted $4.13 per share, compared with a consensus estimate of $2.96, helped by higher prices and a jump in its gross profit margins.
La-Z-Boy (LZB) – La-Z-Boy rallied 8.2% in premarket trading after posting better-than-expected quarterly results that included record sales for the furniture maker. The company also said it is focusing efforts to reduce its backlog and shorten lead times.
Revlon (REV) – Revlon shares surged 32% in premarket trading, continuing a rally that began after the cosmetics maker filed for Chapter 11 bankruptcy protection last week. Revlon soared 91% Friday and jumped another 62% yesterday.
Korn Ferry (KFY) – The consulting firm reported an adjusted quarterly profit of $1.75 per share, beating consensus estimates by 20 cents, with revenue also topping Wall Street forecasts. Results were boosted by a 30% jump in fee revenue compared with a year earlier. Korn Ferry also announced a 25% dividend increase, and its stock rallied 3.1% in premarket trading.
Airbnb (ABNB) – Airbnb fell 2.4% in the premarket after JMP Securities downgraded it to «market perform» from «market outperform,» saying that the post-pandemic jump in travel demand is already reflected in Airbnb's valuation.
Dow Inc. (DOW) – The chemical maker's shares fell 4.2% in premarket action after Credit Suisse downgraded the stock to «underperform» from «neutral.» Credit Suisse said several pandemic-related factors that boosted Dow and its peers could be in the process of reversing.
PulteGroup (PHM) –
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