Slot Gacor Gampang Menang Situs Slot Gacor

MBLY, EPAM, MKC and more

Amnon Shashua, President and CEO of Mobileye Global, and Patrick Gelsinger, CEO of Intel Corp., outside the Nasdaq MarketSite during the company̵[ads1]7;s IPO in New York, U.S., Wednesday, Oct. 26, 2022.

Michael Nagle | Bloomberg | Getty Images

Take a look at the companies making the biggest moves in premarket trading:

Mobileye — Shares fell 5% after a Securities and Exchange Commission filing Monday showed an Intel subsidiary will sell 35 million Class A shares in a secondary offering. Mobileye will not receive any revenue from the sale.

Coinbase – Shares of the crypto company fell more than 15% in premarket trading after the Securities and Exchange Commission sued Coinbase, alleging that the company acted as an unregistered broker and exchange. The move comes shortly after the SEC filed a lawsuit against Binance on similar grounds.

Epam Systems — The software firm fell 2.9%, a day after the company posted second-quarter earnings and revenue guidance that fell short of analysts’ expectations. It also lowered the full-year result and revenue guidance to below analysts’ expectations.

Thor Industries — Shares rose nearly 10% after the RV maker reported earnings and revenue. The company has also raised its expectations for the full-year result.

McCormick — The stock rose about 2% after a double upgrade to buy from underperform by Bank of America. The Wall Street firm cited easing volume pressures and called the stock a “growth bearer.”

GitLab — Shares of the software development platform company jumped nearly 30% in premarket trading after Gitlab reported a smaller-than-expected first-quarter loss. GitLab reported an adjusted loss of 6 cents per share on $126.9 million in revenue. Analysts surveyed by Refinitiv expected a loss of 14 cents a share on $117.8 million in revenue. Turnover increased by 45% from year to year.

Ferguson — Shares of the distribution company fell 3.4% after Ferguson reported a 2% year-over-year decline in net sales for its fiscal third quarter. The Ferguson results topped analysts’ expectations, with adjusted earnings of $2.20 per share on $7.14 billion in net sales. Analysts expected $2.16 in adjusted earnings per share on $7.09 billion in revenue, according to StreetAccount.

JM Smucker — The food stock rose 1% in premarket trading after JM Smucker released its fourth-quarter financial results. The company reported $2.64 in adjusted earnings per share on $2.23 billion in revenue. Analysts polled had pulled in $2.41 in earnings per share on $9.56 billion in revenue, according to StreetAccount. However, JM Smucker’s full-year earnings guidance of $9.20 to $9.60 was on the low side of analyst estimates.

Apple — The iPhone maker fell less than 1% in premarket trading, a day after it launched its Vision Pro mixed reality headset. Wall Street analysts had mixed responses, with DA Davidson downgrading the stock to neutral.

– CNBC’s Jesse Pound contributed reporting.

Source link

Back to top button