Stocks making the biggest moves premarket: Deckers Outdoor, Capital One, Capri, Skechers and more
Take a look at the companies making a splash in premarket trading.
— The Ugg and Hoka producer surged 14% following an impressive earnings beat. Earnings came in at $1.59 per share for Deckers, overtaking the $1.24 per share analysts were expecting, as per LSEG. Revenue reached $1.31 billion, considerably above the $1.20 billion expected.
— Seeing an 11% jump before the market opened, this real estate investment trust reported record lease bookings for Q3. Notably, Digital Realty also increased the top-end of its annual revenue prediction to $5.6 billion, against the $5.57 billion estimated by analysts per FactSet.
, Capri
– Shares of Tapestry saw a rise of 13%, while Capri shares fell by a massive 47%. These dramatic changes came after a federal judge barred Tapestry’s purchase of Capri.
— The financial services stock enjoyed a 4% rally after delivering Q3 results that exceeded expectations. Capital One revealed adjusted earnings of $4.51 per share on revenue of $10.01 billion, outperforming LSEG analyst predictions of $3.76 per share and $9.86 billion in revenue. Their provision for credit losses was at $2.48 billion, against the $2.83 billion estimate.
— The defence firm’s shares moved upward by over 4%, marking an outperformance of Wall Street predictions for Q3. L3Harris also increased the lower end of its full-year earnings forecast, now expecting EPS between $12.95 to $13.15.
— The medical equipment stock rose over 5% after outdoing analyst Q1 predictions. ResMed reported earnings of $2.20 per share with revenue of $1.22 billion, surpassing analyst expectations.
— Shares of the glucose monitoring device manufacturer dipped nearly 8%, despite beating Q3 estimates. DexCom also reiterated its annual forecast.
— The footwear stock climbed nearly 8% following an updated full-year earnings forecast of between $4.20 to $4.25 per share, an upgrade from the previous $4.08 to $4.18 per share.
— Despite mixed fiscal Q1 results, shares rose over 12%. The data storage firm reported earnings of $1.78 per share, excluding items, outperforming LSEG prediction of $1.72 per share.
— Shares dropped over 15% after filing for a $200 million common stock offering.
— The ammunition manufacturer’s shares slipped 9% after a wider-than-anticipated Q3 loss of 21 cents per share due to hurricane disruption.
— Despite beating Q3 estimates, shares fell approximately 2%. Colgate reported adjusted earnings of 91 cents with a revenue of $5.03 billion, coming out ahead of analyst estimations.
— The managed care stock saw a 14% increase post impressive Q3 results and a maintained full-year profit prediction. Centene raised its full-year revenue outlook to $159 billion to $161 billion, beating FactSet estimates.
