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Pre-Open Stock Movers 06/01: Victoria's Secret, Salesforce Jump on Earnings; S&P Global Sinks After Withdrawing Guidance (more...)

Published 01/06/2022, 14:20
Updated 01/06/2022, 14:20

Pre-Open Stock Movers:

View, Inc. (Nasdaq: VIEW) 15% HIGHER; reports FY21 results.

Victoria's Secret & Co. (VSCO) 12% HIGHER; reported Q1 EPS of $1.11, $0.28 better than the analyst estimate of $0.83. Revenue for the quarter came in at $1.48 billion versus the consensus estimate of $1.48 billion. Victoria's Secret & Co. sees Q2 2022 EPS of $0.95-$1.25, versus the consensus of $1.19.

Moody's Corporation (NYSE:MCO) 12% LOWER; falls on S&P Global (NYSE:SPGI) guidance cut.

S&P Global (SPGI) 11% LOWER; is suspending financial guidance for the full year 2022. Macroeconomic conditions have deteriorated since S&P Global Inc. (“the Company”) last provided financial guidance on May 3, 2022, negatively impacting the Company’s expectations for GDP growth and debt issuance volumes. Given the volatility and uncertainty in the issuance environment, the Company cannot affirm its previously issued guidance and expects to reintroduce formal financial guidance in conjunction with its second quarter 2022 earnings results.

Salesforce (NYSE:CRM) 11% HIGHER; reported Q1 EPS of $0.98, $0.04 better than the analyst estimate of $0.94. Revenue for the quarter came in at $7.41 billion versus the consensus estimate of $7.38 billion. Salesforce sees Q2 2023 revenue of $7.69-7.7 billion, versus the consensus of $7.77 billion. Salesforce sees FY2023 revenue of $31.7-31.8 billion, versus the consensus of $32.06 billion.

Ambarella (NASDAQ:AMBA) 5% LOWER; reported Q1 EPS of $0.44, $0.08 better than the analyst estimate of $0.36. Revenue for the quarter came in at $90.3 million versus the consensus estimate of $90.08 million. Ambarella sees Q2 2023 revenue of $78-82 million, versus the consensus of $91.5 million.

Chargepoint Holdings Inc. (CHPT) 3% LOWER; reported Q1 EPS of ($0.27), $0.08 worse than the analyst estimate of ($0.19). Revenue for the quarter came in at $81.6 million versus the consensus estimate of $75.7 million. Chargepoint Holdings Inc. sees Q2 2022 revenue of $450-500 million, versus the consensus of $471.6 million.

Sportsmans Warehouse (SPWH) 3% LOWER; reported Q1 EPS of $0.05, $0.05 better than the analyst estimate of $0.00. Revenue for the quarter came in at $309.5 million versus the consensus estimate of $305.3 million. Sportsmans Warehouse sees Q2 2022 EPS of $0.22-$0.30, versus the consensus of $0.32. Sportsmans Warehouse sees Q2 2022 revenue of $330-350 million, versus the consensus of $357.6 million.

Rivian Automotive (RIVN) 2% HIGHER; Director, Jay Flatley, bought 40,000 shares.

HP Inc. (NYSE:HPQ) 1% LOWER; reported Q2 EPS of $1.08, $0.03 better than the analyst estimate of $1.05. Revenue for the quarter came in at $16.5 million versus the consensus estimate of $16.17 billion. HP Inc. sees Q1 2022 EPS of $1.03-$1.08, versus the consensus of $1.02. HP Inc. sees FY2022 EPS of $4.24-$4.38, versus the consensus of $4.25.

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