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Chegg, Baidu, Bed Bath & Beyond, Hertz and more

Chegg, Baidu, Bed Bath & Beyond, Hertz and more

Take a look at the businesses making headlines earlier than the bell:

Chegg — Shares dropped 22.7% following its earnings report Monday . The corporate gave first-quarter and full-year income steering that was under analyst expectations, in response to Refinitiv. Chegg famous subscriber progress challenges and issues associated to the well being of the broader economic system.

Baidu — Shares surged more than 13% after Baidu stated it might launch its personal synthetic intelligence chatbot that will likely be known as “Ernie Bot” in English.

Bed Bath & Past — Shares plunged 30% after Bed Bath & Past announced a public providing to boost roughly $1 billion.

Oak Road Well being — Oak Road Well being shares surged more than 36% after The Wall Road Journal reported CVS Well being is nearing a $10.5 billion deal for the first care supplier. CVS shares had been little modified.

Hertz — Shares gained more than 4% after Hertz reported outcomes that beat earnings per share and income expectations, in response to FactSet.

ZoomInfo Applied sciences — Shares fell more than 11% after ZoomInfo Applied sciences’ newest earnings outcomes. The software program firm beat on the highest and backside strains, in response to FactSet. Nevertheless, it posted a lackluster income outlook for the primary quarter and full yr.

Spirit Airways — The airline inventory jumped 3% in premarket after the corporate posted stronger-than-expected fourth-quarter earnings. Spirit Airways reported earnings of 12 cents per share excluding gadgets, 9 cents increased than the analysts’ estimate, in response to FactSet.

Skyworks Options — Shares added more than 2% after Skyworks Options introduced a $2 billion share buyback program. The announcement helped traders overlook an slight earnings miss within the semiconductor agency’s most up-to-date quarter.

Activision Blizzard — Shares rose 2% after Activision Blizzard topped income expectations in its most up-to-date quarter. The agency reported $3.57 billion in income, larger than consensus expectations for $3.16 billion in income, in response to Refinitiv.

Pinterest — Pinterest shares dipped more than 1% after the picture sharing firm posted combined earnings outcomes. The agency reported earnings of 29 cents per share, larger than forecasts for 27 cents per share, in response to consensus expectations from Refinitiv. Nevertheless, income got here in at $877 million, decrease than the $886 million estimate.

DuPont de Nemours — Shares declined 2% after DuPont de Nemours posted earnings outcomes from its most up-to-date quarter. The agency beat expectations on the highest and backside strains, however its earnings and income steering for the primary quarter was a lot decrease than estimates.

Leggett & Platt — Shares fell more than 1% after Leggett & Platt reported disappointing earnings outcomes, in response to consensus expectations on FactSet.

— CNBC’s Alex Harring and Yun Li contributed reporting

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