Expedia, Block, Lyft and more

Check out the companies making headlines before the bell:

Expedia (EXPE) – The travel website operator’s stock jumped 5.4% pre-market after Expedia beat high and low estimates in its latest quarterly report. Travel demand was strong, with accommodation revenue up 57% year-over-year and airfare revenue up 22%.

Bloc (SQ) – Shares of the payment services company fell 6.4% in premarket trading, even though it posted better-than-expected quarterly results. The drop comes as Block reports a 34% drop in revenue from its Cash App unit.

Lyft (LYFT) – The ride-hailing service’s stock rose 7.5% in premarket stock after posting an unexpected quarterly profit and seeing ridership hit the highest levels since before the pandemic. Lyft said its results were also helped by cost control.

DoorDash (DASH) – DoorDash jumped 10.3% in the pre-market after the food delivery service raised its forecast for gross order value, a key metric. DoorDash reported a larger-than-expected quarterly loss, but revenue was above Wall Street forecasts.

DraftKings (DKNG) – The sports betting company reported better-than-expected adjusted revenue and earnings for its latest quarter, and it also raised its full-year revenue forecast. DraftKings shares rose 8.2% in premarket action.

AMC Entertainment (AMC) – The cinema operator’s shares fell 9% pre-market after announcing it would issue a stock dividend to all common stockholders in the form of preferred stock. In addition, AMC announced a quarterly loss slightly larger than expected.

Warner Brothers Discovery (WBD) – Shares of the media company fell 11.6% in premarket trading after reporting a loss and quarterly revenue below Wall Street forecasts.

Beyond Meat (BYND) – The maker of plant-based meat substitutes reported a bigger-than-expected quarterly loss and revenue that missed analysts’ estimates. Beyond Meat also announced that it would lay off 4% of its global workforce. The stock fell 3.6% in premarket stock.

Carvana (CVNA) – Shares of Carvana jumped 8.4% in premarket trading after the online used-vehicle seller said it was “aggressively” cutting costs as it prepares to a possible economic slowdown.

Virgin Galactic (SPCE) – Virgin Galactic fell 14.2% in premarket after announcing a postponement of the commercial launch of spaceflight to the second quarter of 2023. Virgin Galactic also said it would sell up to 300 million dollars of stock to increase its cash reserves.

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