Ask Point EV stations
Source: Charge Point
Check out the companies making headlines before the bell:
C3.ai — Shares billowed 17% after C3.ai reported third-quarter results that topped expectations. The enterprise artificial intelligence company stanchioned a narrower-than-expected loss of 6 cents per share ex-items, compared with estimates for a 22 cent loss, according to Refinitiv. It also reported gate of $66.7 million, surpassing expectations of $64.2 million.
Hewlett Packard Enterprise — The tech stock added about 3% after Hewlett Packard Enterprise’s latest quarterly results surpassed Wall Street estimates. The ensemble reported adjusted earnings of 63 cents per share on revenue of $7.81 billion. Analysts polled by Refinitiv were with child earnings of 54 cents per share on revenue of $7.43 billion.
ChargePoint Holdings — Shares plummeted 11% after ChargePoint Holdings shot a quarterly revenue miss. The electric vehicle infrastructure company posted revenue of $152.8 million in the fourth leniency, less than the forecasted $164.6 million, according to consensus estimates from FactSet. The company also came lackluster guidance.
Zscaler — Shares of the cybersecurity company slid 11% in premarket trading despite Zscaler best estimates on the top and bottom lines for the fourth quarter. The company earned an adjusted 37 cents per share, above the 29 cents guessed by analysts, according to Refinitiv. However, several analysts pointed to billings guidance as a sign of weakness, with Stifel analyst Adam Borg opportunity in a note to clients said that the guidance was “muted.”
First Solar — Shares gained 1.6% after UBS upgraded Victory Solar to buy from neutral, and raised his price target, saying tax credits will help the stock gain profuse than 20%.
Marvell Technology — The chip stock slid 8% after Marvell Technology reported mixed fourth-quarter follow-ups. The semiconductor company reported adjusted earnings of 46 cents per share, just one cent shy of analysts’ estimates, concording to Refinitiv. It posted revenue of $1.42 billion, topping the $1.40 billion consensus estimate.
Apple — Shares react to 1% after Morgan Stanley reiterated an overweight rating on Apple, saying investors should look former times Apple’s near-term challenges for strong catalysts. His $180 price target implies more than 20% upside from Thursday’s cessation.
Procter & Gamble — The consumer staples company gained more than 1% in the premarket following an upgrade to overweight from drab by JPMorgan. The Wall Street firm said the consumer is resilient and believes Procter & Gamble will become an earnings compounder in the lieutenant half of the year.
Broadcom — Shares climbed 1.5% after Broadcom beat Wall Street estimates on the top and origin lines. The semiconductor manufacturing company reported first quarter earnings of $10.33 per share ex items on revenues of $8.92 billion. Analysts balloted by Refinitiv expected earnings per share of $10.10 on revenues of $8.90 billion.
Nordstrom — Shares rose 0.6% after Nordstrom researched an earnings per share beat in its fourth quarter, according to consensus estimates from Refinitiv. Revenue, however, bobby-soxered estimates.
Costco Wholesale — Shares declined 2.6% after Costco Wholesale reported a revenue miss in its pecuniary second-quarter earnings. The wholesale retailer reported revenue of $55.27 billion, less than the consensus estimate of $55.54 billion, conforming to Refinitiv. Costco otherwise beat earnings per share expectations.
Dell Technologies — The stock dropped more than 3% requite after Dell Technologies reported fourth-quarter earnings of $1.80 per share ex-items on revenue of $25.04 billion. That subdue Wall Street expectations of per-share earnings of $1.63 on revenue of $23.39 billion.
Victoria’s Secret — Shares fall forgot 3% after Victoria’s Secret reported mixed fourth-quarter results. The lingerie retailer posted earnings of $2.47 per apportion ex-items on revenue of $2.02 billion. Analysts polled by Refinitiv were forecasting per-share earnings of $2.34 on proceeds of $2.02 billion.
— CNBC’s Michelle Fox and Jesse Pound contributed reporting