Take-Two Interactive, Lyft, TripAdvisor and more

Take a look at some of the biggest pre-market movers:

Interactive Take-Two (TTWO) – Take-Two fell 17.4% pre-market after video game publisher reduced its booking outlook for the year. Take-Two has been impacted by declining mobile and game sales, although CEO Strauss Zelnick said the situation should improve over the next three to six months.

Lyft (LYFT) – Lyft fell 17.3% in premarket stock after its latest quarterly report showed slowing revenue growth and ridership levels that remain below pre-pandemic levels. The ridesharing service, however, reported better-than-expected earnings for its latest quarter.

TripAdvisor (TRIP) – Shares of TripAdvisor fell 20.8% in premarket trading after the travel website operator’s quarterly profits fell short of Wall Street forecasts. TripAdvisor said currency fluctuations had a significant negative impact on revenue and travel demand remained strong.

Lordstown Engines (RIDE) – Lordstown shares rose 14.6% in the pre-market following news that contract manufacturer Foxconn will invest up to $170 million of the electric vehicle manufacturer and become its largest shareholder.

Du Pont (DD) – DuPont rebounded 3.7% in the pre-market after the industrial materials maker beat high and low estimates for the third quarter. DuPont’s strong results came despite rising raw material and energy costs.

Quoted (COTY) – The cosmetics company reported earnings in line with Wall Street estimates, with revenue slightly above analysts’ forecasts. Demand for Coty’s products held up despite higher prices, although it was hurt by a stronger US dollar. Coty rebounded 3.2% in premarket trading.

Planet Fitness (PLNT) – The fitness center operator’s stock jumped 7.1% in pre-market after its quarterly revenue and profit beat Wall Street estimates and it raised its forecast for the whole year. Its membership reached record levels during the quarter, with members visiting more frequently.

Perrigo (PRGO) – The over-the-counter drug and healthcare maker failed to hit the top and bottom results for its latest quarter, and it also lowered its full-year guidance. Labor shortages and a stronger US dollar were among the factors that weighed on Perrigo’s results. Its stock slipped 3.2% in premarket trading.

Qiagen (QGEN) – Qiagen gained 3.4% in premarket trading after the biotech company raised its full-year outlook, underscoring the particular strength of its non-Covid product pipeline.

Medtronic (MDT) – Medtronic fell 5.5% in premarketing stock following the release of study results involving a device for difficult-to-treat hypertension. The device reduced blood pressure in patients, but only slightly more than the drugs to treat the disease.

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