Pre-Open Movers: Netflix Gains on Sub Beat, Bath & Body Works Down on Weak Outlook

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Pre-Open Movers: Netflix Gains on Sub Beat, Bath & Body Works Down on Weak Outlook
Credit: © Reuters.

Pre-Open Stock Movers:

VBL Therapeutics (Nasdaq: VBLT) 79% LOWER; announced top-line data from the Phase 3 OVAL clinical trial of ofra-vec (ofranergene obadenovec; VB-111) in platinum-resistant ovarian cancer. The trial did not meet the primary endpoints of achieving a statistically significant improvement in progression-free survival (PFS) or overall survival (OS).

Bath & Body Works, Inc. (BBWI) 9% LOWER; lowered its second quarter and full year 2022 guidance. The company currently expects second quarter earnings from continuing operations per diluted share to be $0.40 to $0.42 versus its previous guidance of $0.60 to $0.65.

Vital Farms (VITL) 9% HIGHER; Morgan Stanley (NYSE: MS ) upgraded from Equalweight to Overweight with a price target of $12.00.

Workhorse Group (WKHS) 6% HIGHER; U.S. Postal Service Tells Reuters It Plans To Significantly Boost Electric Vehicle Delivery Purchases

Netflix (NASDAQ: NFLX ) 5% HIGHER; reported Q2 EPS of $3.20, $0.24 better than the analyst estimate of $2.96. Revenue for the quarter came in at $7.97 billion versus the consensus estimate of $8.03 billion. Netflix had global streaming paid net additions in the quarter of -970K, versus an expected loss of 2 million. The company sees Q3 revenue of $7.84 billion and EPS of $2.14, versus the consensus of $8.08 billion and $2.77. The company expects to add 1 million global streaming paid net additions in Q3.

Melco Resorts & Entertainment Limited (NASDAQ: MLCO ) 4% HIGHER; Macau could open July 23rd.

Wynn Resorts, Limited (NASDAQ: WYNN ) 2% HIGHER; Macau could open July 23rd.

Las Vegas Sands Corp. (NYSE: LVS ) 2% HIGHER; Macau could open July 23rd.

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