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Check out the companies that are trending in pre-market trading. Oracle — The information technology stock rose 13.3% on strong earnings per share. Oracle’s adjusted earnings per share were $1.41, beating the consensus estimate of $1.38 from analysts compiled by LSEG. HOLD – Shares plunged more than 14% after the shoe maker released quarterly results that disappointed investors. On Holding reported a loss of CHF 0.05 in the fourth quarter, which was below expected earnings of CHF 0.10 per share, according to consensus estimates from Street accounts. Sales were CHF 447.1 million, below the consensus estimate of CHF 450.9 million. Kohl’s — Shares rose 2.2% after the retailer reported higher fourth-quarter earnings and sales. Earnings per share came to $1.67, beating consensus estimates of $1.28, according to LSEG. Sales came in at $5.71 billion, compared to expectations of $5.7 billion. The company also announced that it will add Babies R Us to about 200 stores this fall. Asana — The work management platform fell 2.3% after providing a weak full-year revenue outlook. Asana said he expected $722 million, down from $716 million, lower than the $725 million expected by analysts surveyed by LSEG. This diverted attention away from the company’s better-than-expected fourth-quarter earnings report. Coinbase — Shares rose 2.1% after Raymond James said he was less pessimistic about the crypto trading platform. The company upgraded the stock from underperform to market perform, citing the impact on inflows from exchange-traded funds (ETFs). Southwest Airlines — Airline stocks rose by 7 after Southwest Airlines announced that it was “reevaluating all of its 2024 full-year forecasts, including capital investment expectations,” due to delays in aircraft deliveries from Boeing. % fell. The airline expects unit revenue to be flat year-over-year, increasing by less than 2%, lower than its January forecast, which called for an increase of up to 4.5%. Southwest Airlines also said leisure bookings in the first quarter were lower than expected. Bitdeer Technologies — The cryptocurrency stock surged 4.6% after B. Riley initiated a buy rating on it. The company said Bitdia is well-positioned due to its diversified business model and access to low-cost electricity. Ventyx — The biopharmaceutical stock rose 7.1% as Wall Street found reasons to like the latest clinical updates. Wells Fargo upgraded the stock to overweight and raised its price target to $16. Meanwhile, Oppenheimer upgraded the stock to outperform and raised its price target to $12 per share. Microstrategy — Bitcoin developer soars 6.2% after bullish comments from Wall Street analysts. Canaccord Genuity, which rates the stock a buy, said the stock is not “resting on its laurels” as Bitcoin climbs to an all-time high and raises its price target to $1,810. TD Cowen also raised its price target to $1,560 while maintaining an outperform rating, noting that its Bitcoin holdings are rapidly increasing. — CNBC’s Sarah Ming, Lisa Kai-Lai Han and Michelle Fox contributed reporting.
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