Bed Bath & Beyond, T-Mobile US, and more Companies Making Stock Price Movements
The executives at Bed Bath & Beyond have revealed that one of the major aspects of their business growth consists of undergoing strategic partnerships. The firm has announced that its recent partnership with Kroger is also part of its new business expansion strategy. Kroger is currently one of the largest grocery chains that are based in the United States. Following the partnership between Bed Bath & Beyond and Kroger, the online customers on Bed Bath & Beyond will be able to access online products made available by Kroger.
The next company on the list is T-Mobile US that has also experienced a rise in its share prices. The company has recorded over a 2% surge in its share prices in the premarket trading. The company has reportedly experienced the rise after sharing its earnings report for the third quarter of 2021. For the particular quarter, T-Mobile US revealed that the profits it has generated are higher-than-expected. For the particular quarter of 2021, the Refinitiv analysts had estimated that T-Mobile US would generate earnings worth 53 cents per share.
Whereas, the company has achieved earnings worth 55 cents per share. The company has generated 2 cents per share more earnings than the estimations made by the analysts. Unfortunately, the company wasn’t able to meet the estimations for revenue. According to the Refinitiv analysts, the company’s revenue was to be $20.19 billion. But the company only managed to achieve revenue worth $19.62 billion in the third quarter of 2021.
Lyft is the next company on the list that has experienced a significant rise in its share prices in premarket trading. According to reports, the share prices for Lyft experienced a 10.3% surge in premarket trading. Lyft is a major ridesharing application, which is spreading its business all over the world. The company experienced a rise after sharing its earnings report for the third quarter of 2021. For the particular quarter, the company reportedly generated 5 cents per share in profits. On the other hand, the Refinitiv analysts had predicted that the company would experience a loss of 3 cents per share.
Similarly, the revenue generated by Lyft for the particular quarter is $864.4 million. The revenue generated by the company is also higher than the revenue estimations made by the Refinitiv analysts.