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Check out the companies making headlines before the bell. Foot Locker — Shares fell about 9.7% after the sneaker retailer posted a holiday quarter loss and gave a weak outlook for the current fiscal year. Struggling to meet financial goals, Foot Locker’s finance chief said he expects the company to be two years behind its profitability targets announced during its March 2023 investor day. CrowdStrike — Shares rose more than 23% after the cybersecurity company’s fourth-quarter profits beat expectations. CrowdStrike’s adjusted earnings were 95 cents per share, beating LSEG’s consensus estimate of 82 cents per share. The company’s revenue was $845 million, beating estimates of $839 million. In addition, management reiterated its 2030 goal of generating $10 billion in annual recurring revenue. Palantir Technologies — Palantir received his $178.4 million worth contract from the U.S. military to develop 10 ground stations powered by artificial intelligence as part of a project called Tizian (Tactical Information Target Access Node) On the news, the stock price rose 7.5%. ChargePoint — Shares fell 5.5% as the electric vehicle charging station provider disappointed with its fourth-quarter outlook and earnings. ChargePoint expects first-quarter revenue to be between $100 million and $110 million, compared with the $126.6 million expected by analysts compiled by FactSet. JD.com — Leading stock rises nearly 10% as the e-commerce company posts quarterly sales growth and launches new $3 billion share buyback program starting March 17 and running through March 2027 did. Ross Stores — Shares fell 2.4% after the discount store chain beat expectations for the fourth quarter. Mr. Ross earned $1.82 per share on revenue of $6.02 billion. That beats analysts’ expectations for $1.65 per share and revenue of $5.81 billion, according to LSEG. Coinbase – The cryptocurrency exchange’s stock rose 5% on Wednesday as Bitcoin prices surged again. Coinbase stock had a volatile session on Tuesday, ultimately falling more than 5%. Bitcoin hit an all-time high on Tuesday. Box — LSEG said its stock rose 2.9% after meeting fourth-quarter revenue estimates. Cloud content management company Box also announced new large-scale language model integration with Microsoft’s Azure OpenAI Service. Nordstrom — Shares fell more than 9% after the department store announced modest full-year guidance. Nordstrom expects full-year sales to be in the range of 2% down to 1% year over year. —CNBC’s Jesse Pound and Michelle Fox Theobald contributed reporting.
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