In premarket trading, several key companies experienced significant stock movements following their latest earnings reports and analyst updates. Nvidia, a leader in artificial intelligence, saw shares rise over 7% after beating second-quarter expectations on both profit and revenue. The company reported earnings of $2.22 per share, exceeding the $2.10 estimate, and revenue of $96.22 billion against a consensus of $92.17 billion. Nvidia also projected third-quarter revenue of $108 billion, surpassing analyst forecasts.
Dollar General’s stock jumped 12% after raising its full-year earnings guidance. The discount retailer now expects profit between $7.80 and $8.00 per share, up from the previous range of $7.20 to $7.45. The company also announced plans to repurchase shares under its existing program in the second half of the fiscal year ending January 29, 2027.
HP Inc. declined nearly 11% despite posting fiscal third-quarter results that beat market expectations. While its earnings guidance was above estimates, the stock’s drop may reflect broader market concerns or sector-specific pressures.
Salesforce surged almost 12% after reporting second-quarter results that beat analyst expectations. The software giant’s adjusted earnings of $5.90 per share significantly outperformed the LSEG estimate of $3.27 per share.
Okta’s shares increased by over 19% after the company exceeded second-quarter estimates. The identity management firm reported adjusted earnings of $1.05 per share on revenue of $805 million, beating the expected 97 cents per share and $795 million in revenue. Okta also raised its full-year guidance.
CrowdStrike climbed nearly 10% following second-quarter results that beat consensus on revenue and earnings per share. The cybersecurity company also topped full-year earnings estimates.
Everpure rose nearly 3% after Bank of America upgraded the data management and storage company to buy from neutral. Analysts cited positive estimate revisions and expected revenue growth driven by internal hyperscaler use.
Abercrombie & Fitch fell 1.4% after Citi downgraded the retailer to neutral from buy, noting limited upside after a recent stock surge. The apparel company had gained 35% earlier in the week after beating second-quarter estimates and raising its outlook.
