Zynga slips as usage declines; Yelp jumps as it lifts its guidance.
Futures are wavering near the flat line ahead of a monthly update on the state of the U.S. job market. Here’s what we’re watching before Friday’s trading gets going.
- ZyngaZNGA-1.31%shares got zapped with a 14% drop premarket after the mobile game company behind franchises such as FarmVille said its audience declined more than it expected late in the second quarter. The company lowered its full-year forecast for bookings, a key indicator of sales.
- Plug PowerPLUG0.42%shares jumped 7.6% premarket after the hydrogen fuel cell maker reported quarterly earnings that included an 83% increase in net revenue from a year ago.
- RobinhoodHOOD-27.59%shares are continuing their wild ride this week, adding 3.8% premarket after Thursday’s 28% drop on the heels of news that early investors couldsell up to about 98 million shares. But even after that fall, the stock was still up considerably from its IPO price, after having traded below that level in its first days.
- Yet after the popular marketplace for meme stocks became one itself, all was mostly quiet with some of its Reddit-trendy brethren.GameStopGME4.52%nudged up 0.6% premarket,AMC EntertainmentAMC12.30%added 1.1%, Koss was flat andClover HealthCLOV2.65%ticked down 0.5%.
- Pass the ketchup, hold the profits.Beyond MeatBYND-0.80%sank 3.8% premarket after the plant-based meat producer reported a wider quarterly loss on higher operating expenses.
- AIGAIG3.33%rose 2.1% ahead of the bell. The global insurance conglomerate swung to a second-quarter profit, aided by heady gains in its private-equity investments and the absence of Covid-19-related charges.
- YelpYELP3.53%soared 13% premarket after the online-reviews site reported a surprising profit in the second quarter and boosted its expectations for the year.
- Cushman & WakefieldCWK1.74%gained 2.7% off hours. The real-estate company reported a revenue increase of 29% in the recent quarter from a year ago, and said its global president would become chief executive at the start of the new year.
- Shares ofGoProGPRO1.92%were up 7% premarket after the maker of action cameras delivered upbeat profits and revenue.
- DraftKingsDKNG3.72%andNorwegian Cruise Line HoldingsNCLH6.99%are among the companies reporting earnings Friday.
- As China’s technology giants struggle, few markets aresuffering like Hong Kong. A rush of new listings could eventually soften the blow.