Welcome to the Extreme Investor Network blog, where we bring you the latest news on companies making headlines in premarket trading. Today, we’ll dive into some key updates from companies like Intuit, Ross Stores, Workday, Deckers, Nvidia, and Guardant Health.
Intuit, the parent company of TurboTax, saw its stock slip nearly 6% after issuing weaker-than-expected fiscal fourth-quarter guidance. Despite forecasting adjusted earnings of $1.80 to $1.85 per share, analysts were expecting $1.92 per share. On the other hand, Ross Stores, the discount apparel retailer, saw its stock soar over 7% following an earnings beat. The company reported earnings of $1.46 per share on $4.86 billion in revenue, surpassing analysts’ expectations.
Workday, the enterprise management company, experienced a pullback of over 11% after slightly missing subscription revenue guidance for the second quarter. Although the company forecasted subscription revenue of $1.895 billion, analysts were expecting $1.9 billion. Meanwhile, Deckers, the shoe and apparel company, saw its shares rise 8% after a strong fiscal fourth-quarter performance, reporting earnings of $4.95 per share on $960 million of revenue.
Nvidia, the chipmaker, ticked up 1% before the opening bell, reaching an all-time high a day earlier and closing above the $1,000 level for the first time. Lastly, Guardant Health, the biotechnology company, experienced a more than 13% increase in shares after receiving positive feedback from the U.S. Food and Drug Administration regarding its colorectal cancer blood test, Shield.
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