Here are some of the top movers during premarket trading on Tuesday.
1. Nio NIO | Down 5.3%
U.S. listed shares of Nio (NIO) dropped after the Chinese maker of electric vehicles, reported a wider-than-expected fourth-quarter loss and said the chip shortage affecting the global automotive industry would limit production.
2. Lemonade LMND | Down 6.6%
Shares of Lemonade (LMND) slipped after the mobile-based insurer beat analysts' estimates but provided a tepid outlook for the current quarter.
Lemonade reported a loss of $33.9 million, or 60 cents a share, compared with a loss of $32.7 million, or $2.90 a share, in the year-earlier period. Revenue declined to $20.5 million from $23.5 million.
Lemonade expects revenue of $21.5 million to $22.5 million for the first quarter and $114 million to $117 million for the year. Analysts had forecast revenue of $22.1 million for the first quarter and $111.6 million for the year.
3. Zoom Video ZM | Up 6.9%
Shares of Zoom Video (ZM) rose after the videoconferencing-services provider posted better-than-expected fourth-quarter earnings and strong guidance, which spurred analysts to lift their one-year price targets.
4. Kohl's KSS | Up 0.8%
5. Rocket Cos. RKT | Up 15%
Shares of Rocket Cos. (RKT) rose Tuesday after interest rates retreated from their recent highs on Monday, Motley Fool reported. The mortgage lender last week had reported fourth-quarter earnings and revenue that exceeded Wall Street estimates.
6. NRG Energy NRG | Up 0.3%
Shares of NRG Energy (NRG) rose a day after the energy provider reported better-than-expected profit and revenue for its latest quarter. The company also said the financial impact of the extreme weather in Texas is expected to be within NRG’s current guidance range.