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(ticker: LOW) reported second-quarter earnings of $4.56 a share, beating Wall Street forecasts of $4.47 a share. Comparable-store sales fell 1.6% in quarter, narrower than the 2.6% drop expected by analysts. The home-improvement retailer stuck to its fiscal-year guidance, citing a strong spring recovery. The stock rose 2.3% premarket trading.
(DKS) tumbled 19% after the retailer cut its earnings outlook for the year and posted second-quarter earnings that missed estimates. The retailer cited “elevated inventory shrink,” or theft, partly for the miss.
(FN), the high-tech manufacturing services company, issued a fiscal first-quarter forecast that was better than expectations. Fourth-quarter adjusted earnings and sales also topped estimates, with
saying it saw “very strong growth in datacom revenue, driven by new AI products.” The stock jumped 20% in premarket trading.
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U.S.-listed shares of
(BIDU) were rising 4.2% in premarket trading after the Chinese tech giant reported quarterly earnings that beat analysts’ expectations.
(APP) gained 3.8% after shares of the software maker were upgraded to Buy from Hold at Jefferies.
(TSLA) was rising 3.5% in premarket trading after closing 7.3% higher on Tuesday and snapping a losing streak of six consecutive days. Lifting the stock was a note from Baird analyst Ben Kallo, who put the electric-vehicle maker on its list of “best ideas” following second-quarter earnings. Kallo sees several catalysts ahead in the coming months for
Tesla
.
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(NDSN) reported fiscal third-quarter earnings and revenue that fell from a year earlier, with the industrial automation company citing “persisting demand weakness in electronics and biopharma end markets.” The company also reduced its revenue outlook for the fiscal year. Shares fell 3.5%.
Shares of
(ZM) rose 3.3% in premarket trading after the videoconferencing company’s adjusted second-quarter earnings and revenue beat analysts’ expectations. Zoom Video’s forecasts for the third quarter and year also topped estimates. The company also touted new artificial-intelligence features. “We continue to innovate and expand our platform to help bring value and enhanced productivity to our customers with new AI features like Zoom IQ Meeting Summary and Team Chat Compose,” CEO Eric Yuan said in a statement.
(BJ) fell 2.5% after the retailer cut its full-year outlook amid macroeconomic pressure on its customers.
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(M) slid 1.4% after the retailer delivered better-than-expected second-quarter earnings but said it was taking a cautious approach to guidance given the ongoing macroeconomic pressures facing shoppers.
Write to Joe Woelfel at joseph.woelfel@barrons.com
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