RENT - Hot Stocks: GME RENT fall on earnings; RH rallies; CVS guidance; LEE rejects proposal
Earnings headlines took center stage during Thursday's pre-market trading. GameStop (NYSE:GME) and Rent the Runway (NASDAQ:RENT) both dropped on the release of their respective quarterly reports. On the other side of the spectrum, RH (NYSE:RH) advanced following its better-than-expected financial figures. Meanwhile, CVS Health (NYSE:CVS) got a lift from firm guidance. Outside of earnings news, Lee Enterprises (NASDAQ:LEE) rallied after it rejected an unsolicited takeover offer. Decliners GameStop (GME) slipped about 5% in pre-market action after the company's loss for its latest quarter came in wider than analysts had expected. The video game retailer revealed that it front-loaded inventory this year to ensure that supply chain disruptions didn't hurt its ability to meet holiday demand, leading to higher costs during the fiscal period. In its first earnings report since coming public, Rent the Runway (RENT) reported a net loss that nearly doubled from last year. At the same time, adjusted
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Hot Stocks: GME, RENT fall on earnings; RH rallies; CVS guidance; LEE rejects proposal