By Peter Nurse
Investing.com — Stocks in focus in premarket trade on Wednesday, August 11th. Please refresh for updates.
Southwest Airlines (NYSE:LUV) stock fell 2.7% after the airline warned it may not be profitable in the third quarter, as the more infectious Delta variant of the coronavirus hits bookings.
Wendy’s (NASDAQ:WEN) stock rose 4.4% after the fast-food chain beat estimates for U.S. same-store sales growth with customers returning as pandemic-induced dining restrictions were relaxed.
Canada Goose (NYSE:GOOS) stock fell 5.7% after the luxury parka retailer reported a widening loss compared with last year thanks to rising expenses, even as it reported better-than-expected revenue.
Fubotv (NYSE:FUBO) stock rose 15% after the sports-focused streaming service delivered record second-quarter revenue, and forecast that sales will double in 2021.
Coinbase Global (NASDAQ:COIN) stock rose 3% after the cryptocurrency exchange reported second-quarter revenue of $2.23 billion, way ahead of expectations, helped by the recent crypto volatility.
Poshmark (NASDAQ:POSH) stock fell 7.6% after the second-hand retailer disappointed with its third-quarter revenue forecast, saying Apple’s new privacy controls were hurting its marketing.
ThredUp (NASDAQ:TDUP) stock rose 7.3% after the online retailer reported a sharp jump in revenue, helped by a red hot resale market.
Vine Energy (NYSE:VEI) stock rose 0.9% after Chesapeake Energy (NYSE:CHK), down 0.5%, agreed to buy the natural gas company for around $2.2 billion.
Perrigo (NYSE:PRGO) stock fell 9.5% after the pharmaceutical company missed quarterly expectations with both earnings and revenues, hit by among other things a weak cold season.
WW International (NASDAQ:WW) stock fell 23% after the diet company missed quarterly profit and revenue forecasts and disappointed with its full-year profit forecast as online subscriber growth underwhelmed.