Morning Movers
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DKNG.NQ 4.50%
Draftkings Inc – Reported revenue that increased 34% in Q1 to $417M, led by a 44% increase in the B2C segment. Reported strong demand across all segments and said it is not seeing any inflationary pressures reflected in customer behavior. Monthly unique payers increased 29% year-over-year to 2 million monthly unique paying customers. The increase was said to reflect strong unique payer retention and acquisition across our online sportsbook and iGaming products and expansion into new states, partially offset by a decline in DFS MUPs. Average revenue per user was up 11% to $67. The increase in ARPMUP was primarily attributable to strong customer engagement, a continued revenue mix shift into our iGaming product and an increase in DFS activity on a per MUP basis. A low hold rate on the NCAA basketball tournament was a slight drag.

DASH.NY 4.96%
DoorDash Inc – Higher after raising its full-year forecast for a key industry metric on Thursday, indicating it has largely skirted labor woes that have plagued most sectors to ensure seamless delivery of food and groceries. The company now estimates gross order value, the total value of all app orders and subscription fees, of $49 billion to $51 billion for 2022, compared with its prior range of $48 billion to $50 billion. Revenue was $1.46 billion for the quarter ended March 31. Analysts were expecting a loss of 41 cents per share on revenue of $1.38 billion.

Bausch & Lomb Corp – The eye care products maker on Thursday priced its initial public offering (IPO) at $18 per share, well below its target range, valuing the company at $6.3 billion. The company had earlier set the indicative price range at between $21 and $24 apiece. BLCO on both the NYSE and TSX

LCID.NQ -0.32%
Lucid Group Inc – The electric carmaker on Thursday raised prices for most models from June as it deals with rising raw materials costs, but said it would honor current reservations in a move to avoid the blowback a rival faced. From June 1, new reservations in the United States will be priced at $154,000 for Air Grand Touring, $107,400 for Air Touring and $87,400 for Air Pure models, the company said. “Similar to many companies in our industry, we continue to face global supply chain and logistics challenges, including Covid-related factory shutdowns in China,” Chief Financial Officer Sherry House said. Despite the challenges, the company reiterated its annual production forecast of 12,000 to 14,000 vehicles.

PTON.NQ -3.29%
Peloton Interactive – Lower after the WSJ reported the fitness equipment maker is exploring the sale of a sizable minority investor. The company is seeking potential investors including industry players and private-equity firms that could buy a stake of around 15% to 20%, the report said. Talks are at an early stage and there are no guarantees the company will find a taker or agree to a deal, according to the report.

SQ.NY 5.19%
Block Inc – Jack Dorsey’s fintech on Thursday said it had not seen a decline in overall consumer spending through April, after reporting a first-quarter operating profit that topped Wall Street targets. The company, closed its $29 billion acquisition of Australian buy-now-pay-later pioneer Afterpay Ltd during the quarter. Afterpay contributed $92 million to the first quarter’s gross profit, which was recorded under the Square and Cash app units. In the three months ended March 31, revenue fell 22% to $3.96 billion. The company earned an adjusted profit of 18 cents per share, below analysts’ estimates of 21 cents. The company’s bitcoin revenue halved to $1.73 billion, hit by a drop in interest from retail traders as prices of the cryptocurrency retreated after a sharp rally last year that was fueled by its rising acceptance in the mainstream.

UAA.NY -17.00%
Under Armour – Friday forecast full-year profit below Wall Street estimates, as the sportswear maker grapples with higher transportation costs and a hit to its business from renewed COVID-19 curbs in China. The company also reported bleak quarterly sales that sent its Class A shares tumbling 10% in premarket trading, even as its annual revenue forecast came in largely above expectations. Said It expects sales to grow between 5% and 7% in the year, while analysts expect a 5.4% increase. Net revenue rose to $1.30 billion in the reported quarter from $1.26 billion in the same period a year earlier, missing expectations of $1.32 billion.

NIO.NY 0.98%
Nio Inc – The company on Thursday announced its proposed secondary listing of its Class A ordinary shares, par value $0.00025/shr, on the main board of the Singapore Exchange Securities Trading Ltd. Nio says its American Depositary Shares will continue to be primarily listed and traded on the NYSE.

SPCE.NY -6.27%
Virgin Galactic – Said it will delay the launch of its commercial space flight service to the first quarter of 2023, the space tourism company said on Thursday, citing supply chain crisis and labor constraints. “We look forward to returning to space in the fourth quarter and launching commercial service in the first quarter of next year,” Chief Executive Officer Michael Colglazier said. Virgin Galactic’s net loss stood at $93.1 million during the first quarter ended March 31, compared to a loss of $129.7 million, a year ago.

BBIG.NQ 30.35%
Vinco Ventures – Higher after the company declared May 18, 2022 as the record date for the dividend of shares of common stock of Cryptyde (TYDE) to be distributed to Vinco stockholders in order to effect the separation of Vinco and Cryptyde into two independent, publicly traded companies.

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