Welcome to Extreme Investor Network, your go-to source for all things finance and investing. Today, we are taking a closer look at the companies making headlines in premarket trading. Let’s dive in!
1. Nvidia:
Despite surpassing Wall Street estimates on both the top and bottom line in its fiscal second quarter, Nvidia’s stock slipped more than 4%. With earnings of 68 cents per share on revenue of $30.04 billion, Nvidia’s third-quarter revenue outlook fell short of investor expectations.
2. Salesforce:
Shares of Salesforce jumped 5% after the company reported second-quarter earnings and revenue that beat analyst expectations. Additionally, Salesforce raised its full-year outlook and announced changes within its executive team.
3. CrowdStrike:
CrowdStrike, the cloud security company, saw its stock fall about 2% as its third-quarter outlook missed analyst expectations. The company’s earnings per share forecast for the current quarter was lower than what analysts had estimated.
4. HP Inc.:
HP Inc. reported a fiscal third-quarter earnings miss, causing its shares to slip more than 3%. The company earned an adjusted 83 cents per share, falling short of analysts’ expectations.
5. Nutanix:
On a positive note, cloud infrastructure stock Nutanix saw its shares jump more than 16% following strong fiscal fourth-quarter results. The company exceeded earnings and revenue estimates, leading to a surge in its stock price.
6. Affirm:
Shares of the buy-now-pay-later company, Affirm, surged over 20% after announcing better-than-expected fiscal first-quarter revenue guidance. The company forecasted revenue that exceeded analyst estimates.
7. Dollar General:
Dollar General’s stock tumbled more than 23% after missing analysts’ second-quarter estimates and lowering its full-year sales outlook. The company cited a financially constrained customer base as a contributing factor.
8. Five Below:
The low-priced retailer, Five Below, climbed nearly 6% as the top end of its full-year outlook surpassed Wall Street estimates. The company raised its adjusted earnings and revenue forecast for the year.
9. Kohl’s Corp.:
Kohl’s Corp. fell more than 2% following a downgrade to underweight from neutral at JPMorgan. The investment bank noted negative sales trends in most parts of Kohl’s business.
10. Victoria’s Secret:
The lingerie company, Victoria’s Secret, saw its stock rise nearly 5% after raising its full-year outlook. The company now expects a smaller decline in net sales compared to previous forecasts.
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