Check out which companies are making headlines in pre-market trading. Oracle – IT stock rose 13.3% on the back of strong earnings per share. Oracle reported adjusted earnings per share of $1.41, beating the $1.38 consensus estimate of analysts surveyed by LSEG. At Holding – Shares fell more than 14% after the shoe company announced quarterly results that disappointed investors. In the fourth quarter, On Holding reported a loss of 0.05 Swiss francs, below EPS expectations of 0.10 Swiss francs, according to a StreetAccount consensus estimate. Revenues of 447.1 million Swiss francs beat consensus estimates of 450.9 million Swiss francs. Kohl's – Shares added 2.2% after the retailer reported fourth-quarter earnings and revenue. Earnings per share were $1.67, beating the consensus estimate of $1.28 per LSEG. Revenues amounted to $5.71 billion, compared to the expected $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 weak full-year revenue guidance. Asana said it expects between $716 million and $722 million, missing the $725 million forecast of analysts surveyed by LSEG. That took attention away from a better-than-expected fourth-quarter earnings report. Coinbase – Shares rose 2.1% after Raymond James said he was less pessimistic about the cryptocurrency trading platform. The company upgraded the stock to market perform from underperform, citing the impact of exchange-traded funds on inflows. Southwest Airlines – The airline's stock fell 7% after Southwest Airlines said it was “reassessing all prior full-year 2024 guidance, including capital spending expectations” due to delays in aircraft deliveries from Boeing. The airline expects its unit revenue to remain flat at no more than 2% from a year earlier, lower than its January estimate calling for a rise of up to 4.5%. Southwest also reported that first-quarter leisure bookings were weaker than expected. Bitdeer Technologies – The cryptocurrency stock rose 4.6% after B. Riley initiated a buy rating. Bitdeer is well positioned given its diversified business model and access to low-cost energy, the company said. Ventyx – The biopharma stock rose 7.1% as Wall Street found reasons to like its latest clinical update. Wells Fargo upgraded the stock to overweight, while raising its price target on shares to $16. Meanwhile, Oppenheimer raised his rating to outperform and raised his price target to $12 per share. Microstrategy – Bitcoin developer jumped 6.2% on bullish comments from Wall Street analysts. Canaccord Genuity, which has a buy rating, said the stock is not “resting on its laurels” as bitcoin surged to all-time highs and snatched its price target to $1,810. TD Cowen also raised its price target to $1,560 while maintaining its outperform rating, citing its rapid increase in additional Bitcoin holdings. — CNBC's Sarah Min, Lisa Kailay Hahn and Michelle Fox contributed reporting
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