Twitter, SeaWorld, Shopify, and more

Check out the companies making headlines before the bell:

Twitter (TWTR) – Twitter rose 1.5% in pre-market activity after Elon Musk detailed $7.2 billion in financing commitments for his deal to buy the company. A Securities and Exchange Commission (SEC) filing shows that Oracle co-founder Larry Ellison and investor Ron Barron are among those sticking with the money.

SeaWorld (SEAS) – The theme park operator’s stock rose 1% in the primary market after it reported a smaller-than-expected quarterly loss and saw revenue beat estimates as attendance exceeded pre-pandemic levels.

Spirit Airlines (Save) — Spirit reported an adjusted quarterly loss of $1.60 per share, larger than the 58-cent loss Wall Street had expected, with revenue also lower than forecast. Spirit shares lost 1.4 percent in pre-market trading.

Kontoor Brands (KTB) — The company behind apparel brands Wrangler and Lee beat estimates by 20 cents with adjusted quarterly earnings of $1.43 per share, and revenue beat estimates. Kontoor raised its full-year forecast, although it lowered its forecast for the current quarter due to the Covid lockdown in China.

Shopify (SHOP) – Shopify fell 14.1% in pre-market trading after it reported adjusted quarterly earnings of 20 cents per share, well below the consensus estimate of 64 percent. The e-commerce platform also gave a cautious outlook as lockdown-inspired growth slowed amid the absence of new consumer stimulus funds.

Wayfair (W) — Shares of the online home goods retailer tumbled 6.4% in the primary market after it reported an adjusted quarterly loss of $1.96 per share, 40 cents more than expected, although revenue met expectations. Active customer numbers are down 23.4% compared to the previous year.

Booking Holdings (BKNG) – Booking Holdings rose 10.1% in pre-market trading after reporting better-than-expected quarterly earnings and revenue driven by a jump in demand for the travel services company. The parent company of Priceline and other services earned $3.90 per share, well above the consensus estimate of 90 percent.

Twilio (TWLO) – Twilio shares added 2.4% in the primary market with the cloud communications company reporting a break-even quarter, on an adjusted basis. Analysts expected a loss of 22 cents a share, and revenue also beat Wall Street expectations.

Etsy (ETSY) – Etsy fell 12.5% ​​in pre-market activity despite earnings that matched expectations and better-than-expected revenue for the online market operator. The stock came under pressure after Etsy’s guidance for the current quarter was weaker than expected amid a drop in disposable income for consumers.

EBay (EBAY) — Shares of eBay fell 7.8% in pre-market trading on a weaker-than-expected revenue outlook, even as the e-commerce company beat earnings and revenue expectations last quarter. Inflation and a return to pre-pandemic shopping habits are among the factors affecting the outlook for eBay and other e-commerce companies.

Sunrun (RUN) — Sunrun surged 12.8% in premarket trading after the solar company reported much better-than-expected first-quarter revenue, although its quarterly loss was larger than expected. Sunron said it has implemented “meaningful” price increases to offset higher costs and demand for solar equipment remains strong.

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