Docusign, Didi Global, Moderna and more

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Find out which companies are making the headlines before the Friday bell:

DocuSign (DOCU) – Software inventory fell 32% after its fourth-quarter sales forecast fell in the range of $ 557 million to $ 563 million. Analysts polled by Refinitiv expected $ 573.8 million.

Didi Global (DIDI) – Shares of the Chinese ridesharing company fell 10% in pre-market trading after Didi announced it would withdraw from the New York Stock Exchange and continue listing in Hong Kong.

Peloton (PTON) – Exercise equipment stock gained 2.5% ahead of the bell following an initiation to buy from Deutsche Bank. The investment firm said Peloton’s rise now outweighed its risks after a tough spell for the stock.

Moderna (MRNA) – Volatile shares of the vaccine maker jumped 5% as the the Wall Street newspaper reported that the Food and Drug Administration is working on a rapid review process for updated Covid shots.

Ulta Beauty (ULTA) – Shares of the cosmetics retailer rose more than 5% after a stronger than expected third quarter report. Ulta earned $ 3.93 per share on $ 2 billion in revenue in the quarter. Analysts polled by Refinitiv expected $ 2.46 per share and $ 1.88 billion in revenue.

Marvell Technology (MRVL) – Shares of the chipmaker jumped 21% in pre-market trading after Marvell beat upper and lower third quarter earnings estimates. Marvell reported adjusted earnings of 43 cents per share on $ 1.21 billion in revenue. Analysts polled by Refinitiv were looking for 39 cents a share and $ 1.15 billion.

Ollie’s Bargain Outlet (OLLI) – Shares of the discount store chain fell 22% after Ollie’s supply chain problems led to a disappointing third quarter report. The company missed estimates for comparable profit, revenue and sales.

Big Lots (BIG) – Retail stock fell 2.5% despite Big Lots reporting a lower than expected loss per share for the third quarter. The company said the shipping cost would lower its annual margins.

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