Stocks making the biggest moves premarket: Gap, NetApp, Intuit and more
Here’s a quick glimpse of companies making news in premarket trading:
– The financial software company’s stock dipped roughly 3% following second-quarter earnings guidance that fell short of analyst predictions. Intuit projects earning between $2.55 and $2.61 per share for the current quarter, while analyst expectations from FactSet were set for a profit of $3.25 per share.
– Flutter Entertainment saw a more than 1% increase in its share price, after Goldman Sachs began covering the stock and gave it a promising buy rating. The bank’s price target reflects a nearly 20% rise from Thursday’s closing price, citing enhanced U.S. margins and share repurchases as key growth stimulants.
– Clothing retailer Gap experienced a surge in its share price, with an increase of over 20%. This comes after the company revised its full-year forecast upwards for the third time in 2024. They now project a sales growth between 1.5% and 2%, a significant increase from their previous “up slightly” prediction.
– Shares in the department store chain Ross Stores appreciated by 7% as their third-quarter earnings of $1.48 per share beat the $1.40 prediction by analysts from LSEG. However, their revenue of $5.07 billion missed the Wall Street estimate of $5.15 billion.
– The data technology firm’s shares elevated by 7% following its second-quarter results which exceeded expectations. NetApp achieved $1.87 per share in earnings on a revenue of $1.66 billion, surpassing analyst predictions of $1.78 per share and $1.65 billion in revenue from LSEG.
– This software company’s stocks leapt by 24% after exceeding earnings expectations. After adjustments, earnings were 59 cents per share on $365 million of revenue – higher than the 38 cents per share and $357 million in revenue anticipated by LSEG analysts.
