A sign is posted at the Nvidia headquarters on May 25, 2022 in Santa Clara, California.
Justin Sullivan | Getty Images
Check out the companies making headlines in early morning trading.
Lucid Motors — The electric vehicle maker saw shares slide 14% premarket after reporting that fourth-quarter revenue fell short of expectations. Lucid said it built just 7,000 of its Air luxury sedans last year amid manufacturing challenges. Bank of America downgraded the shares Thursday, citing near-term demand concern.
Nvidia – Shares of the chip giant leaped more than 9% in early trading after Nvidia posted beats Wednesday on the top and bottom lines for its latest quarter. Wall Street praised Nvidia’s results Thursday, calling AI opportunities the next big growth vector for the chipmaker.
Dollar General — Shares fell about 5% after Dollar General reported preliminary results for its fourth-quarter and fiscal year 2022 that were lower than prior guidance and weaker than consensus expectations from FactSet.
eBay — The online auction platform fell 5% despite posting fourth-quarter earnings and revenue that topped analysts’ estimates as gauged by Refinitiv. Earnings came in at $1.07 per share, but the company issued earnings guidance for the current quarter between $1.05 and $1.09 per share. Wall Street expects $1.06.
Etsy — Shares of the e-commerce company jumped 5% following the company’s quarterly results. Etsy posted revenue of $807 million, smashing Refinitiv consensus estimates of $752 million. The company also forecast current quarter revenue of $600 million and $640 million, compared to estimates of $622 million.
Bath & Body Works — Shares fell more than 4% after the company reported fourth-quarter earnings. The bath shop retail chain issued weaker-than-expected first-quarter and full-year guidance as measured by FactSet. Otherwise, it reported a beat on the top and bottom lines, according to consensus estimates from Refinitiv.
Bumble — The online dating site…
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