Stocks making the biggest moves premarket: Super Micro, Abercrombie & Fitch, Box, Foot Locker and more
Prepare yourself for the latest in the corporate universe before the market opens.
— The retail corporation’s shares took a more than 9% hit despite reporting a 21% boost in revenue for their fiscal second quarter and promising optimistic guidance for the current period. The brand recorded earnings of $2.50 per share on a revenue of $1.13 billion, outperforming the projected $2.22 earnings per share on $1.10 billion revenue, as per LSEG analysts.
— The retail giant’s stocks posted more than 1% growth following the beating of second-quarter earnings estimates, coupled with a raised lower limit for its full-year outlook. Nordstrom expects fiscal 2024 earnings between $1.75 to $2.95 per share, a substantial increase from previous estimates of $1.65 to $2.05.
— The food company’s stocks dipped around 4% as it cut its full-year guidance, but reported $2.13 billion quarterly revenue in line with FactSet analyst estimates. Earnings charted at $2.44 per share, beating the predicted $2.17 earnings.
— Stocks of the semiconductor company remained constant as the market gears up for their post-bell earnings report. The key focus will be on the company’s forecast and insights on its Blackwell chip production, amid reports of lagging timelines.
— The fragrance retailer’s shares dropped 4% subsequent to a disheartening second-quarter revenue and a plummeting full-year guidance. Company management attributed this to a mindful approach in light of sales patterns and an unpredictable macroeconomic environment.
— The cloud storage entity’s shares leapt 6% riding on better-than-anticipated second-quarter earnings and revenue.
— Shares took a hit of over 8% on the heels of the company’s lackluster second-quarter results. However, same-store sales growth was witnessed for the first time in six quarters.
— The banking platform’s shares dipped by 14% due to weaker-than-expected third-quarter guidance.
— The server enterprise saw its shares decline over 2% due to concerns over a recent report criticizing the company’s accounting practices.
— The owner of Tommy Hilfiger and Calvin Klein brands saw its shares drop more than 8% owing to a grim outlook for the third quarter.
— The semiconductor producer’s shares surged around 20% owing to a favorable third-quarter revenue prediction.
— Crypto-related stocks were on a downward trend as bitcoin values fell below $60,000 due to significant liquidations on the Bybit exchange.
