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Pre-Open Stock Mover:
Community Health Systems (NYSE: CYH) 48% DOWN; reported Q2 EPS of ($2.52), $2.59 worse than analyst estimates of $0.07. Revenue for the quarter came in at $2.93 billion compared to the consensus estimate of $3.14 billion.
JAKKS Pacific (NASDAQ: JAKK) 31% HIGHER; reported Q2 EPS of $2.10, $2.53 better than analyst estimates of ($0.43). Revenue for the quarter came in at $220.4 million compared to the consensus estimate of $122.07 million.
Teladoc (NYSE: TDOC) 24% DOWN; reported Q2 EPS of ($19.22), which may have missed analyst estimates of ($0.64). Revenue for the quarter came in at $592.4 million compared to the consensus estimate of $587.71 million. Teladoc sees Q3 2022 EPS of ($0.85)-($0.60), compared to consensus of ($0.55). Teladoc sees Q3 2022 revenue of $600-620 million, compared to consensus of $613.73 million. Teladoc sees FY2022 EPS of ($62.00)-($61.00), compared to consensus of ($42.89). Teladoc sees FY2022 revenue of $2.4-2.5 billion, compared to consensus of $2.43 billion.
Plug Power Inc. (NASDAQ: PLUG) 15% HIGHER; gains as Senator Joe Manchin and Senate Majority Leader Chuck Schumer reached an agreement.
First Solar, Inc. (NASDAQ: FSLR) 13% HIGHER; gains as Senator Joe Manchin and Senate Majority Leader Chuck Schumer reached an agreement.
SunPower Corporation (NASDAQ: SPWR) 13% HIGHER; gains as Senator Joe Manchin and Senate Majority Leader Chuck Schumer reached an agreement.
Sunrun Inc. (NASDAQ: RUN) 13% HIGHER; gains as Senator Joe Manchin and Senate Majority Leader Chuck Schumer reached an agreement.
Noodles & Company (NASDAQ: NDLS) 10% DOWN; reported Q2 EPS of $0.05, $0.02 worse than analyst estimates of $0.07. Revenue for the quarter came in at $131.1 million compared to the consensus estimate of $130.91 million. Noodles & Company sees Q3 2022 revenue of $125.5-128.5 million, compared to consensus of $132 million.
Etsy (NASDAQ: ETSY) 8% HIGHER; reported Q2 EPS of $0.51, $0.19 better than analyst estimates of $0.32. Revenue for the quarter came in at $585.1 million compared to the consensus estimate of $558.47 million. Consolidated GMS was $3.0 billion, down 0.4% year-over-year and up 2.6% on a currency neutral basis. Etsy sees Q3 2022 revenue of $540-575 million, compared to consensus of $570.27 million.
Ford Motor (NYSE: F) 7% HIGHER; reported Q2 EPS of $0.68, $0.23 better than analyst estimates of $0.45. Revenue for the quarter came in at $40.2 billion compared to the consensus estimate of $37.05 billion. Affirms guidance for full-year 2022 results: adjusted EBIT of $11.5 billion to $12.5 billion, up 15% to 25% from 2021; adjusted free cash flow of $5.5 billion to $6.5 billion.
Baxter (NYSE: BAX) 7% DOWN; reported Q2 EPS of $0.87, in line with analyst estimates of $0.87. Revenue for the quarter came in at $3.75 billion compared to the consensus estimate of $3.88 billion. Baxter sees FY2022 EPS of $3.60-$3.70, compared to consensus of $4.13.
Southwest Airlines (NYSE: LUV) 7% DOWN; reported Q2 EPS of $1.30, $0.17 better than analyst estimates of $1.13. Revenue for the quarter came in at $6.7 billion versus the consensus estimate of $6.6 billion. Sees Q3 operating profit up 8-12%
Harley-Davidson (NYSE: HOG) 6% HIGHER; reported Q2 EPS of $1.46, $0.34 better than analyst estimates of $1.12. Revenue for the quarter came in at $1.47 billion compared to the consensus estimate of $1.25 billion.
ServiceNow (NYSE: NOW) 6% DOWN; reported Q2 EPS of $1.62, $0.07 better than analyst estimates of $1.55. Revenue for the quarter came in at $1.75 billion compared to the consensus estimate of $1.76 billion.
Meta Platforms (NASDAQ: META) 5% DOWN; reported Q2 EPS of $2.46, $0.10 worse than analyst estimates of $2.56. Revenue for the quarter came in at $28.82 billion compared to the consensus estimate of $28.94 billion. Meta Platforms sees Q3 2022 revenue of $26-28.5 billion, compared to consensus of $30.5 billion.
Enphase Energy, Inc. (NASDAQ: ENPH) 5% HIGHER; gains as Senator Joe Manchin and Senate Majority Leader Chuck Schumer reached an agreement.
Best Buy Co., Inc. (NYSE: BBY) 4% DOWN; lowered Q2 and FY outlook
Qualcomm (NASDAQ: QCOM) 3% DOWN; reported Q3 EPS of $2.96, $0.07 better than analyst estimates of $2.89. Revenue for the quarter came in at $10.93 billion compared to the consensus estimate of $10.87 billion. Qualcomm sees Q4 2022 EPS of $3.00-$3.30, compared to the consensus of $3.23. Qualcomm sees Q4 2022 revenue of $11-11.8 billion, compared to consensus of $11.87 billion.
O’Reilly Automotive (NASDAQ: ORLY) 3% DOWN; reported Q2 EPS of $8.78, $0.20 worse than analyst estimates of $8.98. Revenue for the quarter came in at $3.67 billion compared to the consensus estimate of $3.71 billion. O’Reilly Automotive sees FY2022 EPS of $31.25-$31.75, compared to the consensus of $32.92. O’Reilly Automotive sees FY2022 revenue of $14-14.3 billion, compared to consensus of $14.3 billion.
Spirit Airlines, Inc. (Spirit) (NYSE: SAVE) 2% HIGHER; JetBlue (NASDAQ: JBLU) and Spirit announced that their boards of directors have approved a definitive merger agreement under which JetBlue will acquire Spirit for $33.50 per share in cash, plus a prepayment of $2.50 per share in cash payable when Spirit stockholders approve the transaction. and a ticking fee of $0.10 per month beginning in January 2023 until closing, for an aggregate fully diluted equity value of $3.8 billion and an adjusted enterprise value of $7.6 billion.