By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Wednesday, May 12th. Please refresh for updates.
Lemonade (NYSE:LMND) stock fell 7.1% after the online insurer offered up a lighter-than-expected current-quarter revenue forecast, while its first quarter loss was wider than expected.
Wendy’s (NASDAQ:WEN) stock rose 5.4% after the fast food chain raised its annual forecast for earnings on Wednesday, betting that its breakfast menu, launched just before the lockdowns were announced last year, will bring in customers as restaurants reopen for dining after restrictions were eased.
Amazon (NASDAQ:AMZN) stock fell 0.3% despite the online retail giant winning its fight against an EU order to pay about 250 million euros ($303 million) in back taxes to Luxembourg.
Pfizer (NYSE:PFE) stock rose 0.2% with the U.S. Centers for Disease Control and Prevention to meet later Wednesday to discuss recommendations for the use of the drugmaker’s Covid-19 vaccine in children aged 12 to 15.
Electronic Arts (NASDAQ:EA) stock rose 1.4% after the video games publisher forecast annual adjusted revenue above analysts' estimates, expecting that demand for its titles like "FIFA 21" and "Apex Legends" would stay strong.
Carnival (NYSE:CUK) stock fell 1.4% after the cruise operator stated that although it hopes to begin operating sailings on three ships from Florida and Texas in July, it was cancelling sailings on all other ships through July 30.
Fubotv (NYSE:FUBO) stock rose over 22% after the streaming television service delivered the strongest first quarter in its history, delivering better-than-expected growth in subscribers, total revenue and advertising revenue.
Toyota (NYSE:TM) ADR rose 2.4% after the world's biggest automaker forecast its profit would bounce back to pre-pandemic levels this year, announced a $2.3 billion share buyback, a one-to-five stock split and set bigger targets for electric vehicles production.
Vizio (NYSE:VZIO) stock fell 5.9% after the smart TV maker said its hardware profits were affected by products getting stuck at ports due to a shipping glut in its first quarterly report since its IPO.
Opendoor Technologies (NASDAQ:OPEN) stock rose 2.1% after the online platform for buying and selling homes reported healthy first-quarter numbers, with the housing market remaining strong.
Quantumscape (NYSE:QS) stock fell 4% after the startup battery maker reported a larger loss than expected in its first quarter.
Lordstown Motors (NASDAQ:RIDE) stock fell 0.5% after the electric truck maker said it will restate its 2020 financial results, following Securities and Exchange Commission guidance on accounting by special purpose acquisition companies.