Take a look at some of the most important engines in the pre-market stage:
Zoom Video Communications (ZM) – Zoom fell 11.5% premarket after the video conferencing company lowered its full-year forecast. Zoom reported better-than-expected earnings for its latest quarter, but revenue fell short of forecasts. Zoom’s chief financial officer said the company is having some difficulty attracting new paying subscribers, though he added that business sales are strong.
Palo Alto Networks (PANW) – Palo Alto rallied 9.3% in premarket trading after the cybersecurity firm reported better-than-expected quarterly results and issued an upbeat forecast. Palo Alto also announced that its board of directors had approved a 3-for-1 stock split.
macy’s (M) – Shares of the retailer added 2.5% in premarket trading after it exceed sales and profit forecasts for its second quarter, and comparable store sales fell less than expected. However, Macy’s lowered guidance for the full year to incorporate the risks of a slowing economy.
Dick’s Sporting Goods (DKS) – The Sporting Goods Retailer exceed the estimates of the upper and lower line for the second quarter and raised its forecast for the full year. Comparable-store sales sank 5.1% during the quarter, but that was less than the 6.9% drop analysts had expected. The stock gained 2.3% before trading.
Medtronic (MDT) – Medtronic gained 1% premarket after reporting quarterly earnings and revenue that beat analyst forecasts. Revenue fell from a year ago as the medical device maker was hit by supply chain challenges.
jd.com (JD) – The China-based e-commerce company reported better-than-expected quarterly results and saw a 9.2% increase in active customer accounts. JD.com jumped 4.3% in premarket action.
Warner Bros Discovery (WBD) – Nearly 10 million viewers watched the “Game of Thrones” prequel “House of the Dragon” on the company’s HBO Max service, a record for the debut of an HBO series. Warner Bros. Discovery earned 1.4% premarket.
J. M. Smucker (SJM) – Shares of the food producer rose 1.8% in premarket trading after it reported better-than-expected quarterly earnings and raised its outlook for the full year.
XPeng (XPEV) – XPeng fell 4.9% in the premarket share after the China-based electric vehicle maker reported a larger-than-expected quarterly loss, although revenue beat analysts’ forecasts as that total deliveries almost doubled from the previous year.
pinduoduo (PDD) – Pinduoduo plans to launch an international e-commerce platform next month, according to a source with direct knowledge of the matter who spoke to Reuters. Pinduoduo was up 2.6% in premarket trading.
