8 months ago
67 Marvell Technology Group
Source: marvell.com
Check retired the companies making headlines earlier the bell.
Marvell Technology — Shares fell much than 3% earlier the doorbell contempt the institution topping Wall Street's expectations for the caller quarter. Marvell posted net of 33 cents per share, excluding items, connected $1.34 cardinal successful revenue. Analysts surveyed by Refinitiv had forecasted 32 cents per stock and $1.33 billion. Revenue and EPS expectations for the existent play were astir successful enactment with expectations.
Affirm — The online outgo steadfast saw its banal popped astir 7% earlier the doorbell aft reporting stronger-than-expected fiscal fourth-quarter results and fiscal first-quarter gross guidance. For the caller period, Affirm posted a smaller-than-expected nonaccomplishment of 69 cents per stock connected revenues of $446 million. Analysts polled by Refinitiv had expected a nonaccomplishment of 85 cents per stock connected $406 cardinal successful revenue.
Hawaiian Electric — Shares tumbled 20% pursuing quality precocious Thursday that Maui County is suing the inferior company for damages implicit the island's wildfires. The region said Hawaiian Electric near its powerlines energized contempt warnings of precocious winds. Hawaiian Electric told NBC News it was disappointed that Maui County "chose this litigious way portion the probe is inactive unfolding,"
Nordstrom — The section store retailer mislaid 3.6% earlier the bell. Nordstrom topped Wall Street's quarterly net and gross expectations but stuck by its antecedently issued full-year forecast calling for a 4% to 6% gross decline. The institution reported net of 84 cents per stock connected revenues totaling $3.77 billion.
Workday — Shares of the endeavor bundle institution roseate 3% successful premarket trading aft Workday reported stronger-than-expected results for the 2nd quarter. Workday said it generated $1.43 successful adjusted net per stock connected $1.79 cardinal of gross during the quarter. Analysts surveyed by Refinitiv were looking for $1.26 per stock connected $1.77 cardinal of revenue. The institution did accidental it expected subscription gross maturation to dilatory successful the 3rd 4th but it has a full subscription gross backlog of astir $18 billion.
Intuit — Intuit's banal fell 1.2% earlier the doorbell aft the bundle institution topped quarterly expectations but offered a mixed outlook. Fiscal fourth-quarter adjusted net came successful astatine $1.65 per share, versus the $1.44 expected by analysts polled by Refinitiv. Intuit posted $2.71 cardinal successful revenue, up of the $2.64 cardinal expected. The institution shared stronger-than-expected full-year guidance
Ulta Beauty — The banal roseate astir 1% aft the quality retailer reported second-quarter results that topped expert expectations, posting net of $6.02 per stock connected $2.53 cardinal successful revenue. Analysts polled by Refinitiv had anticipated net of $5.85 per stock connected $2.51 cardinal successful revenue, according to Refinitiv. Ulta besides reported stronger-than-expected same-store income maturation and raised its full-year forecast.
Gap — Gap shares gained 1.8% aft the retailer posted mixed quarterly results. Adjusted net per stock came successful astatine 34 cents, up of the 9 cents expected by analysts polled by Refinitiv. The retailer reported $3.55 cardinal successful revenue, shy of the $3.57 cardinal estimated. Sales dropped connected a year-over-year ground and Gap said it anticipates a debased double-digit diminution successful nett income for the fiscal 3rd quarter.
AMC Entertainment — AMC Entertainment shares roseate astir 1% up of Friday's anticipated banal conversion. The institution is expected to person its preferred equity units to communal banal astatine the open.
Netflix — Netflix roseate 0.7% aft Loop Capital upgraded the streaming giant to bargain from hold. Analyst Alan Gould hiked his terms people to connote upside of much than 20%, and said the banal is astatine an charismatic terms aft a caller pullback amid the ongoing Hollywood strikes.
— CNBC's Jesse Pound, Sarah Min and Michelle Fox contributed reporting
