Newmont, Squarespace, Philips, etc

Newmont, Squarespace, Philips, etc
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Check out the headline companies before the call:

Newmont (NEM) – Shares of the mining company fell 3.3% in premarket trading after reporting lower-than-expected second-quarter profit. Profits were down about 41% from a year ago, hurt by the drop in gold prices.

square space (SQSP) – The e-commerce platform provider fell 14.4% in the premarket after its full-year revenue guidance missed Street estimates. Squarespace reported better-than-expected results for the latest quarter, but said revenue was impacted by currency headwinds.

Philips (PHG) – Philips lost 10.4% in premarket trading after the Dutch medical equipment maker’s quarterly profit fell short of analysts’ forecasts. Philips has been affected by the lockdowns and supply chain issues in China.

Public Memory (PSA) – Public Storage added 1.5% in premarket trading after the self-storage operator announced a special dividend of $13.15 per share. Distribution is related to the sale of PS Business Parks to branches black stone (BX) for $7.6 billion. Public Storage was the largest shareholder in PS Business Parks, the sale of which closed last week. (JD) – Morgan Stanley calls the Chinese e-commerce company a “catalyst-driven idea,” helping its shares rise 2% in premarket trading. The firm believes the catalyst could be better-than-expected revenue growth guidance when next reports earnings in August.

Tesla (TSLA) – Tesla rose 1.3% pre-market after its latest 10-Q filing, which included an update on the value of its bitcoin holdings. Tesla said it took a $170 million impairment charge on the book value of its bitcoin holdings during the first six months of 2022, but saw a $64 million gain on bitcoin sales during that period.

Ryanair (RYAAY) – Ryanair rose 5.7% in premarket trading after the airline reported better-than-expected quarterly results. Ryanair has warned that a return to pre-Covid profitability levels this year is not certain.

away (FTCH) – Shares of Farfetch gained 2.5% in premarket trading after reports that the online luxury fashion retailer is close to a deal with Switzerland’s Richemont to acquire Richemont-owned fashion retailer YNAP.

Uber Technologies (UBER) – The ride-hailing company has admitted to failing to report a 2016 data breach that affected 57 million drivers and passengers as part of a settlement agreement to avoid criminal prosecution. Uber added 1% in premarket trading.

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