Stock futures traded mostly lower Wednesday as traders awaited U.S. inflation data they hope will provide them with a clearer sense of Federal Reserve policy.
Here are some of the top movers during premarket trading on Wednesday:
1. Poshmark | Down 7.2%
The company posted a loss of 4 cents a share on revenue of $81.8 million, a 22% year-over-year increase.
2. Coinbase | Up 2.3%
Revenue soared almost 12-fold to $2.22 billion in the quarter from $186 million last year. Wall Street called for $1.79 billion in the latest quarter.
Net income was $1.6 billion, or $6.42 a share, while analysts forecast profit of $2.66 a share.
3. FuboTV | Up 13.7%
Shares of FuboTV (FUBO) - Get fuboTV Inc. Report skyrocketed after the sports streaming company posted better-than-expected second-quarter results and boosted full-year revenue and subscriber forecasts.
Second-quarter revenue surged 196% year over year to $130.9 million and total paid subscribers rose 138% to 681,721.
4. Southwest Airlines | Down 2.2%
Southwest Airlines (LUV) - Get Southwest Airlines Co. Report shares slipped after the air carrier warned that it may not be profitable in the third quarter due to slowing bookings and an increase in cancellations in August that were driven by the COVID-19 delta variant.
The company also forecast its third-quarter operating revenue to be down 15% to 20% compared with 2019,
5. Upstart Holdings | Up 21.2%
Shares of Upstart Holdings (UPST) - Get Upstart Holdings, Inc. Report surged after the artificial-intelligence-driven lending platform posted better-than-expected second-quarter results and raised its guidance.
Revenue for the current quarter totaled $194 million, an increase of 1,018% from a year ago.