Today's Pre-Market Stock Movers: ZM, BBY, ANF, DLTR and More
Gapping up
$Urban Outfitters (URBN.US)$ +2/2% (Urban Outfitters reported quarterly earnings that were slightly below estimates, but the apparel retailer’s revenue beat Street forecasts. The company said it was encouraged by the trends seen so far during the holiday quarter.)
$Agilent Technologies (A.US)$ +4.4% (the laboratory instruments maker reported better-than-expected quarterly results. Agilent’s sales increased in all of its business units during the quarter.)
$Best Buy (BBY.US)$ +7% (its third-quarter results beat analyst estimates. The electronics retailer also registered a smaller-than-expected decline in comparable store sales. Discounts helped keep customer traffic flowing to its stores, and Best Buy also raised its full-year forecast.)
$Dick's Sporting Goods (DKS.US)$ +7% (The sporting goods retailer reported better-than-expected third-quarter profit and revenue and an unexpected increase in comparable store sales. The company also raised its full-year forecast.)
$Abercrombie & Fitch (ANF.US)$ +12.8% (The company reported an unexpected quarterly profit and beating Street revenue forecasts. The apparel retailer saw resurgent demand for clothing, like jeans and dresses, as consumers returned to work and participated in more social events.)
Gapping down
$Dollar Tree (DLTR.US)$ -4.4% (The company fell in the premarket despite a top and bottom line beat for its latest quarter and better-than-expected comparable store sales. The discount retailer projects full-year earnings in the lower half of its prior guidance range.)
$Medtronic (MDT.US)$ -3% (The company reported a slight earnings beat on revenue that fell short of the consensus estimate. Medtronic’s results were hit by a stronger U.S. dollar and a slower-than-expected rebound in procedures using its devices.)
$Zoom Communications (ZM.US)$ -9.3% (The company issued weaker-than-expected guidance for the current quarter. The video communications company reported better-than-expected results for its most recent quarter, but the overall growth seen during the pandemic has slowed considerably.)
$Dell Technologies (DELL.US)$ -1.6% (The company reported a weaker-than-expected current quarter revenue forecast. Dell did beat analyst estimates for the third quarter but said a slowing economy, inflation and other economic factors would pressure customer spending.)
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