Welcome to Extreme Investor Network, where we bring you the latest news and insights in the world of finance and investing. Today, we are discussing some of the top companies making headlines in premarket trading.
Macy’s, the department store operator, saw a 3% boost after beating earnings estimates for the first quarter and raising its full-year outlook. The company attributed its strong results to its turnaround plan.
Lowe’s, the home improvement stock, also exceeded expectations in their first-quarter results, with $3.06 in earnings per share on $21.36 billion of revenue, surpassing analysts’ estimates.
AutoZone, on the other hand, experienced a slip of more than 2% as their third-quarter revenue fell short of analyst forecasts. Despite this, the company’s fiscal third-quarter earnings of $36.69 per share exceeded estimates.
XPeng, the Chinese electric vehicle firm, saw a 5% gain after beating first-quarter estimates and projecting a significant increase in vehicle deliveries for the second quarter.
These are just a few of the companies making waves in the premarket trading session. Stay tuned to Extreme Investor Network for more updates and analysis on the latest market movements and financial news. Remember, when it comes to investing, knowledge is power, and we are here to empower you with the information you need to make informed decisions.