Pre-Open Stock Movers:
American Airlines (NASDAQ:AAL) 11% HIGHER; predicted a Q2 profit as travel restrictions ease. Also reported Q1 EPS of ($2.32), $0.08 better than the analyst estimate of ($2.40). Revenue for the quarter came in at $8.9 billion versus the consensus estimate of $8.83 billion.
Tesla (NASDAQ:TSLA) 9% HIGHER; posted Q1 EPS of $3.22, well above the consensus of $2.26. Revenue was $18.8 billion versus the consensus estimate of $17.8 billion.
Carvana Co. (NYSE:CVNA) 9% LOWER; posted Q1 EPS of ($2.89), $1.47 worse than the analyst estimate of ($1.42). Revenue was $3.5 billion versus the consensus estimate of $3.39 billion. The company also announced a $1 billion stock offering.
Alcoa (NYSE:AA) 9% LOWER; posted Q1 EPS of $3.06, versus the $2.77. Revenue was $3.29 billion, which was below the consensus of $3.41 billion.
United Airlines (NASDAQ:UAL) 9% HIGHER; reported Q1 EPS of ($4.24), $0.03 worse than the analyst estimate of ($4.21). Revenue for the quarter came in at $7.57 billion versus the consensus estimate of $7.68 billion.
Sleep Number Corporation (NASDAQ:SNBR) 6% LOWER; Q1 EPS came in at $0.09, $0.24 worse than the analyst estimate of $0.33. Revenue for the quarter came in at $527 million versus the consensus estimate of $534.4 million. Sleep Number is looking for FY2022 EPS of $5.00-$6.00, versus the consensus of $5.77.
Blackstone (NYSE:BX) 5% HIGHER; posted Q1 EPS of $1.55, $0.46 better than the analyst estimate of $1.09.
Harmonic Inc . (NASDAQ:HLIT) 5% HIGHER; Barclays (LON:BARC) upgraded from Equalweight to Overweight with a price target of $11.00.
CSX Corp. (NASDAQ:CSX) 2% HIGHER; reported Q1 EPS of $0.39, versus the consensus of $0.39. Revenue was $3.41 billion versus the consensus estimate of $3.34 billion.
Lam Research (NASDAQ:LRCX) 2% LOWER; reported Q2 EPS of $7.40, $0.11 worse than the analyst estimate of $7.51. Revenue for the quarter came in at $4.06 billion versus the consensus estimate of $4.25 billion. Lam Research sees Q3 2022 EPS of $6.50-$8.00, versus the consensus of $8.24. Lam Research sees Q3 2022 revenue of $3.9-4.5 billion, versus the consensus of $4.46 billion.
AT&T Inc (NYSE:T) 2% HIGHER; posted Q1 EPS of $0.77, $0.18 better than the analyst estimate of $0.59. Revenue for the quarter came in at $38.1 billion versus the consensus estimate of $29.53 billion.