Check out which companies are making headlines in pre-market trading. Macy's – The department store chain fell 9% after it cut its forecast for the fiscal year. Macy's now expects adjusted earnings to be between $2.25 to $2.50, while previous adjusted guidance for delivery expenses estimated a range of $2.34 to $2.69, according to FactSet. GE Vernova – The energy equipment maker's stock fell 2.4% after it issued weaker-than-expected full-year revenue guidance for fiscal years 2024 and 2025. GE Vernova also announced it will begin paying a dividend of 25 cents per share and a preliminary $6 billion stock buyback authorization . Dave & Buster's — Shares of the gaming and dining venue operator fell more than 14% after posting disappointing third-quarter results and announcing the resignation of its CEO. The company reported a loss of 45 cents per share on revenue of $453 million. Analysts expected a loss of 40 cents per share on revenue of $463.7 million. Duolingo – Shares of the language learning company fell about 2% after Bank of America was downgraded to neutral from buy. The investment firm said Duolingo appears to be trading at “peak valuation” and that beating investors' expectations for its upcoming quarterly report is high. GameStop – The video game retailer saw shares rise more than 3% in pre-market trading after the company reported unexpected earnings in its latest quarter. GameStop reported net income of $17.4 million in the third quarter, compared to a net loss of $3.1 million in the same period last year. Rigetti Computing – Shares rose more than 7%, on top of being up 45.2% from the previous session. The stock got a boost on Tuesday after Google said its new chip, Willow, achieved a new milestone in quantum computing. Righetti develops quantum integrated circuits for quantum computers. Patterson Companies – Shares rose more than 34% on news Patient Square Capital is acquiring the dental and animal health company for $31.35 per share. The transaction is expected to close in the fourth quarter of Patterson's fiscal year 2025. Stitch Fix – The online personal design company rose more than 20% after Stitch Fix raised its revenue forecast for the second quarter. The company now expects its revenue in the current quarter to range from $290 million to $300 million, while analysts surveyed by FactSet expected guidance of $283.5 million. Stitch Fix also raised the top end of its full-year revenue forecast and now expects $1.14 billion to $1.18 billion. The company's previous forecast was $1.11 billion to $1.16 billion. General Motors – The Detroit automaker's stock rose more than 1% after abandoning its robotaxi service. GM said it will no longer fund the development of robotaxis, and will include the unit in its technology team. The automaker has spent more than $10 billion on its robotics unit. Bausch + Lomb – Contact lens stock fell nearly 12% after a rating downgrade to neutral from Citigroup, which cited increased competition as a headwind for Bausch moving forward. Wolverine World Wide – The shoe and apparel company's stock rose 3% after an upgrade to buy from hold at Stifel. The company said 2025 will be a “turning year” for Saucony's parent. C3.ai – Shares fell 5% after JPMorgan was downgraded to underperform from neutral. The bank cited a high rating for the rating change. — CNBC's Yun Lee, Lisa Kailai Han, Hakyung Kim, Michelle Fox, Samantha Subin, Jessie Pound and Spencer Kimball contributed reporting.
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Stocks making the biggest moves in pre-market: GME, M, GEV, DUOL
