Check out the companies making headlines in pre-market trading: Intuit – Parent company TurboTax fell nearly 6% after issuing weaker-than-expected first-quarter guidance. Intuit expected adjusted earnings of $1.80 per share to $1.85 per share, while analysts surveyed by FactSet expected $1.92. Ross Stores – The discount clothing retailer's stock added more than 7% in the wake of an earnings increase. The company posted earnings of $1.46 per share on revenue of $4.86 billion, while analysts polled by LSEG expected $1.35 earnings per share and $4.83 billion in revenue. Business Day – The enterprise management company fell more than 11% after its second-quarter subscription revenue guidance came in slightly below analyst estimates. Workday expected subscription revenue to be $1.895 billion, while the consensus forecast was $1.9 billion, according to StreetAccount. Cash from operations was also disappointing, at $372 million, while analysts expected $397.2 million. Deckers – Shares of the footwear and apparel company rose 8% after a big financial win in the fourth quarter. Deckers reported earnings of $4.95 per share on revenue of $960 million. Analysts surveyed by LSEG were looking for $2.89 EPS on $888 million in revenue. Nvidia – The chip maker's stock rose 1% before the opening bell. AI shares hit an all-time high the day before and closed above $1,000 for the first time. Guardant Health – Shares of the biotech company rose more than 13% after the U.S. Food and Drug Administration determined that the benefits of the company's colorectal cancer blood test, Shield, outweigh the risks. — CNBC's Jesse Pound contributed reporting.
Trending
- Dividend Stocks Are a Hot Pick in the Fall Due to the Fed and Interest Rates
- Biden speaks with Zelensky, announces new military aid to Ukraine
- Meta says WhatsApp accounts linked to Iranian hackers targeted Biden, Trump
- Stocks with the biggest moves in the middle of the day: CAVA, INTU, ROST, WDAY
- Edgar Bronfman's Paramount Offer May Keep Shari Redstone Involved
- Markets are now wondering whether the Federal Reserve might cut interest rates by half a point in September.
- The United States will offer free home-use kits starting in late September.
- Fed Chair Powell 'More Decisive' on Rate Cuts Than I Thought, Says Roger Ferguson
Stocks making the biggest moves in pre-market: ROST, INTU, WDAY, GH
