Pre-Open Stock Mover:
Teladoc (NYSE 🙂 44% LOW; reported Q1 EPS of ($ 41.58), which may not be comparable to the analyst’s estimate of ($ 0.56). Revenue for the quarter reached $ 565.4 million compared to the consensus estimate of $ 568.8 million. Net losses per share of $ 41.58, primarily driven by a non-cash goodwill impairment charge of $ 6.6 billion or $ 41.11 per share. Teladoc sees FY2022 EPS of ($ 43.50)-($ 43.00), which may not compare against the consensus of ($ 1.53). Teladoc sees revenue in FY2022 of $ 2.4-2.5 billion, compared to the agreed $ 2.58 billion.
Sio Gene Therapies Inc. (SIOX) 36% LOW; issued required notice to the University of Massachusetts to terminate its licensing agreement to develop and commercialize gene therapy product candidates, including AXO-AAV-GM1 and AXO-AAV-GM2, for the treatment of GM1 gangliosidosis and GM2 gangliosidosis (including Tay-Sachs disease and Sandhoff disease), respectively.
Align Technology (NASDAQ 🙂 21% LOW; reported Q1 EPS of $ 2.13, $ 0.09 worse than the analyst’s estimate of $ 2.22. Revenue for the quarter reached $ 973.2 billion compared to the consensus estimate of $ 1 billion.
LendingClub (NYSE 🙂 16% HIGH; reported Q1 EPS of $ 0.39, $ 0.15 better than the analyst’s estimate of $ 0.24. Revenue for the quarter reached $ 289.5 million compared to the consensus estimate of $ 262.07 million. LendingClub sees revenue in FY2022 of $ 1.15-1.25 billion, compared to the consensus of $ 1.16 billion. LendingClub sees revenue in Q2 2022 of $ 295-305 million, compared to the consensus of $ 284.8 million.
Meta Platforms (FB) 14% HIGH; reported Q1 EPS of $ 2.72, $ 0.16 which is better than the analyst’s estimate of $ 2.56. Revenue for the quarter came in where the consensus was $ 30.6 billion
Upwork Inc. (NASDAQ 🙂 13.5% HIGH; reported Q1 EPS of ($ 0.03), $ 0.11 better than the analyst’s estimate of ($ 0.14). Revenue for the quarter reached $ 141.3 million compared to the consensus estimate of $ 136.3 million. Upwork Inc. sees the Q2 2022 EPS of ($ 0.06)-($ 0.10), compared to the consensus of ($ 0.08). Upwork Inc. sees revenue in Q2 2022 of $ 147-151 million, compared to the consensus of $ 143.45 million. Upwork Inc. sees revenue in FY2022 of $ 590-610 million, compared to the consensus of $ 599 million.
Atomera Incorporated (ATOM) 13% HIGH; announced that it has entered into a new Joint Development Agreement with a major semiconductor foundry.
Greenhill & Co. (NYSE 🙂 10% LOW; reported Q1 EPS of ($ 0.66), $ 0.86 worse than the analyst’s estimate of $ 0.20. Revenue for the quarter reached $ 45.4 million compared to the agreed estimate of $ 70.12 million.
Pinterest (NYSE 🙂 9% HIGH; reported Q1 EPS of ($ 0.01), $ 0.05 which is worse than the analyst’s estimate of $ 0.04. Revenue for the quarter reached $ 575 million compared to the consensus estimate of $ 572.94 million.
ServiceNow (NYSE 🙂 8% HIGH; reported Q1 EPS of $ 1.73, $ 0.03 better than the analyst’s estimate of $ 1.70. Revenue for the quarter reached $ 1.72 billion compared to the agreed -upon estimate of $ 1.7 billion. Q2 sees Subscription revenues of $ 1.67- $ 1.675 billion.
O’Reilly Automotive (NASDAQ 🙂 7% LOW; reported Q1 EPS of $ 7.17, $ 0.31 worse than the analyst’s estimate of $ 7.48. Revenue for the quarter reached $ 3.3 billion compared to the agreed -upon estimate of $ 3.32 billion. O’Reilly Automotive sees revenue in FY2022 of $ 14.2-14.5 billion, compared to the consensus of $ 14.4 billion.
Qualcomm (NASDAQ 🙂 6% HIGH; reported Q2 EPS of $ 3.21, $ 0.30 better than the analyst’s estimate of $ 2.91. Revenue for the quarter reached $ 11.2 billion compared to the agreed -upon estimate of $ 10.6 billion. Qualcomm sees Q3 2022 EPS of $ 2.75- $ 2.95, compared to the consensus of $ 2.59. Qualcomm sees revenue in Q3 2022 of $ 10.5-11.3 billion, compared to the consensus of $ 9398 billion.
Amgen (NASDAQ 🙂 5% LOW; the IRS is seeking $ 7.1 billion in back taxes and penalties related to the allocation of revenues between some of its entities in the U.S. and Puerto Rico. The company also reported Q1 EPS of $ 4.25, $ 0.15 which is better than the analyst’s estimate of $ 4.10. Revenue for the quarter reached $ 6.2 billion compared to the agreed -upon estimate of $ 6.07 billion.
Domino’s Pizza (NYSE 🙂 5% LOW; reported Q1 EPS of $ 2.50, $ 0.55 which is worse than the analyst’s estimate of $ 3.05. Revenue for the quarter reached $ 1.01 billion compared to the agreed -upon estimate of $ 1.03 billion.
Eli Lilly & Co. (NYSE 🙂 3% HIGH; reported Q1 EPS of $ 2.62, $ 0.49 better than the analyst’s estimate of $ 2.13. Revenue for the quarter reached $ 7.81 billion compared to the agreed -upon estimate of $ 6.68 billion. Eli Lilly & Co. sees the FY2022 EPS of $ 8.15- $ 8.30, compared to the consensus of $ 8.19. The company sees revenue between $ 28.8 billion and $ 29.3 billion compared to the consensus estimate of $ 26.8 billion.