Stocks making the biggest moves premarket: American Eagle Outfitters, Five Below, MicroStrategy & more
Check out the companies making headlines before the bell rings.
American Eagle Outfitters
Shares of the clothing retailer sank nearly 14% on disappointing holiday forecasts. For the period, American Eagle Outfitters expects comparable sales to increase 1% and total sales to decrease 4%. That’s below the 2.2% comparable sales growth expected by StreetAccount.
Five down
Shares rose 14% after the discount retailer posted higher third-quarter earnings and revenue. Five Below reported adjusted earnings of 42 cents per share on revenue of $844 million. Analysts surveyed by LSEG expected earnings of 17 cents on revenue of $799 million.
Cryptocurrency Stocks: Cryptocurrency stocks rallied as bitcoin surpassed $100,000 for the first time. Microstrategy
up almost 8%, while Robinhood Markets
gained 6%. Mara Holdings
and riot platforms
they added 5% and 6%, respectively.
Hewlett Packard Company
Hewlett Packard Enterprise gained nearly 4% after Morgan Stanley upgraded the stock to overweight ahead of its earnings, citing an “attractive near-term value proposition.”
general dollar
The discount retailer added 1.9% after posting a rise in quarterly revenue and a slight rebound in same-store sales. Dollar General said its same-store sales grew 1.3% in the third quarter, beating a StreetAccount estimate of 1%. To be sure, the company also cut its full-year earnings guidance.
sentinelone
Cybersecurity stocks lost 15% with mixed quarterly results. SentinelOne reported adjusted earnings for the third quarter, missing the 1 cent per share profit expected by analysts surveyed by LSEG. Revenue slightly exceeded estimates.
kroger
Grocery stocks fell 2% after third-quarter sales came in lower than expected. Kroger reported $33.63 billion in revenue for the quarter, while analysts expected $34.19 billion, according to FactSet. Kroger also lowered its full-year earnings guidance.
sprinkler
Shares gained more than 5% after the social management software company reported third-quarter results that beat estimates. Sprinklr posted adjusted earnings of 10 cents per share, more than the 8 cents per share expected by analysts, according to FactSet. Revenue of $200.7 million topped the consensus estimate of $196.4 million.
AeroAmbiente
Shares fell about 10% after the unmanned aircraft systems maker offered weak full-year guidance. AeroVironment expects full-year revenue to be between $790 million and $820 million, below the $828 million expected by analysts surveyed by LSEG. Expected full-year adjusted earnings were also disappointing, with the company anticipating between $3.18 and $3.49 per share compared to the consensus estimate of $3.49 per share.
Charging point
The charging stock of electric vehicles increased almost 11%. Chargepoint reported a smaller year-over-year net loss and beat revenue expectations.
Synopsis
Shares fell 8% on disappointing first-quarter revenue and earnings forecasts. The company said it expects earnings per share to range between $2.77 and $2.82, versus an LSEG estimate of $3.53. Revenue is expected to fall short of the expected $1.631 billion.
stamp jewelers
The jewelry retailer plunged nearly 15% after cutting its previous earnings and revenue guidance and posting disappointing third-quarter results that missed earnings estimates. For the year, the company said it now expects profits to range between $6.74 and $6.81 billion, up from its previous guidance of $6.66 to $7.02 billion.
CNBC’s Sarah Min, Michelle Fox, Jesse Pound, Pia Singh and Sean Conlon contributed reporting.
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