Stocks making the biggest moves premarket: Live Nation, SeaWorld, Gannett and others

cnbc.com:

In this article

Check out the companies making headlines before the bell:

Live Nation (LYV) – The live event producer's shares jumped 5.4% in a down market after reporting better-than-expected quarterly revenue and saying it has already sold 45 million tickets for 2022 events even as ticket prices rise substantially.

SeaWorld Entertainment (SEAS) – The theme park operator earned 92 cents per share for its latest quarter, well above the 29 cent consensus estimate. Revenue came in above forecasts, more than doubling a year ago, with park visitors spending more per person than they had prior to the pandemic.

Gannett (GCI) – The USA Today publisher's shares tumbled 13.6% in the premarket after it posted a wider-than-expected loss for its latest quarter and revenue below estimates. Gannett also said it expects revenue to fall this year, although it still expects to be profitable.

Alibaba (BABA) – The China-based e-commerce giant fell 2.5% in premarket trading after it reported its slowest-ever growth in quarterly revenue since going public in 2014. Sales fell below analyst forecasts as competition intensified. However, its quarterly earnings beat estimates.

Moderna (MRNA) – The drugmaker reported quarterly earnings of $11.29 per share, beating the $9.90 consensus estimate, and revenue also beat forecasts. Moderna also raised its full-year Covid-19 vaccine sales forecast and announced a $3 billion share repurchase program.

Wayfair (W) – The home furnishings retailer slid 9.5% in the premarket after posting a wider-than-expected quarterly loss. Wayfair's results were pressured by a double-digit decline in international sales.

Norwegian Cruise Line (NCLH) – The cruise line operator's shares fell 7% in premarket trading after