See which companies made headlines in premarket trading. C3.ai — The tech stock fell 19.2% after weaker-than-expected subscription revenue in the company’s fiscal first quarter. C3.ai reported $73.5 million for the top line, compared with $79.2 million expected by analysts polled by FactSet. Verizon and Frontier Communications — Verizon announced it will buy Frontier Communications in a $20 billion all-cash deal, confirming earlier reports of the deal. Frontier shares fell 9.7%, while Verizon shares rose 1.2%. The deal is expected to close within the next 18 months. Tesla — The electric carmaker’s stock rose about 3% after the company said it will roll out its “Full Self-Driving” driver-assistance software in Europe and China in the first quarter of 2025. JetBlue — The airline gained 4.6% after raising its third-quarter revenue guidance. JetBlue said it expects a loss of between 2.5% and a gain of 1% compared to the same period last year. Previously, the company said it expected a decline of between 5.5% and 1.5%. Topgolf Callaway — The golf company rose 4.1% after announcing it would split into two separate companies. Callaway will focus on golf equipment and active-lifestyle consumers, while Topgolf will focus on golf entertainment. Hewlett Packard Enterprise — Shares fell 3% even after the company’s fiscal third-quarter results beat estimates. Hewlett Packard Enterprise showed continued strong demand for artificial intelligence but saw gross margins decline from a year ago. Verint Systems — The automation stock fell 13.5% after reporting weaker-than-expected second-quarter earnings. Verint earned 49 cents per share on $210 million in revenue, compared with analysts polled by LSEG expecting 53 cents and $213 million. ChargePoint — Shares of the electric vehicle charging company fell about 8% after ChargePoint reported second-quarter revenue of $109 million, compared with Wall Street’s forecast of $114 million, according to LSEG. The company also said it will cut 15% of its workforce and forecast fiscal third-quarter revenue to be well below analysts’ expectations. XPO — The trucking company fell 5.4% after reporting that initial less-than-truckload volumes were 4.6% lower in August compared with the same month a year earlier. Management acknowledged weak demand. Copart — The digital auto auction company fell 5.4% on disappointing fiscal fourth-quarter earnings. Copart earned 33 cents per share. Analysts were expecting earnings of 37 cents per share, according to FactSet. Dick’s Sporting Goods — The sports retailer fell 2.7% in premarket trading, benefiting from Wednesday’s nearly 5% drop. Dick’s felt downward pressure from its full-year earnings guidance, which fell short of Wall Street expectations despite a stronger-than-expected quarterly report. Stoneco — The fintech stock fell 8.3% after Morgan Stanley downgraded it to underweight from equal weight. The company warned of a potential decline in its payments business as the market becomes more saturated. Dollar Tree — Shares fell 1.3% after JPMorgan downgraded Dollar Tree to neutral from overweight, following the discount retailer’s weak second-quarter results and guidance. Dollar Tree shares fell more than 22% on Wednesday, the day of its results. — CNBC’s Samantha Sobin, Lisa Han and Sarah Min contributed to the report
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