Check out the companies making headlines in premarket trading. Nvidia — The chip designer and artificial intelligence bellwether slipped more than 4% despite surpassing Wall Street estimates on the top and bottom line in its fiscal second quarter. Nvidia earned 68 cents per share on revenue of $30.04 billion, while analysts polled by LSEG forecast 64 cents and $28.7 billion. The company’s third-quarter revenue outlook, which would represent 80% growth compared to the same period a year ago, failed to meet the higher end of investor’s expectations and would mark a slowdown vs the July quarter. Salesforce — Shares jumped 5% on the back of second-quarter earnings and revenue that beat analyst expectations . The customer relationship management software maker also raised its full-year outlook and announced CFO Amy Weaver will step down from her post. CrowdStrike — The cloud security company fell about 2% after its third-quarter outlook missed analyst expectations. CrowdStrike sees earnings in the current quarter of 80-81 cents per share, while analysts surveyed by FactSet had estimated 96 cents. CrowdStrike also cut its full-year guidance to a range of $3.61 to $3.65 per share, compared to a previous $3.93 to $4.03 and a consensus estimate of $3.90 from analysts. HP Inc. — Shares slipped more than 3% on the heels of a fiscal third-quarter earnings miss. HP reported an adjusted 83 cents per share while analysts polled by LSEG were looking for 86 cents. Nutanix — The cloud infrastructure stock jumped more than 16% thanks to strong fiscal fourth-quarter results. Nuatanix earned an adjusted 27 cents per share on revenue of $548 million, while analysts polled by LSEG had estimated 20 cents in earnings on $537 million in revenue. Affirm — Shares of the buy-now-pay-later company surged more 20% on better-than-expected fiscal first-quarter revenue guidance. Affirm forecast revenue in the range of $640 million to $670 million, compared to an estimated $625 million from analysts surveyed by LSEG. Dollar General — Shares of the discount retailer tumbled more than 23% after missing analysts’ second-quarter estimates on the top and bottom line and lowering its full-year sales outlook, noting a “financially constrained” customer base. Five Below — The low-priced retailer climbed nearly 6% after the top end of its full-year outlook surpassed Wall Street estimates. Five Below now expects adjusted earnings of $4.35 to $4.71 per share on revenue of $3.73 billion to $3.80 billion. Analysts polled by LSEG had esitmated $4.69 per share and $3.78 billion, respectively. Kohl’s Corp . — The department store retailer fell more than 2% after a downgrade to underweight from neutral at JPMorgan. The investment bank cited negative sales trends in most parts of Kohl’s business. Victoria’s Secret — The lingerie company added nearly 5% after raising its full-year outlook. Victoria’s Secret now expects net sales to decline by 1% from a year earlier, compared to an earlier forecast that predicted a ” low single-digit ” decline, and an estimate from analysts surveyed by LSEG that estimated a 2.8% pullback. Okta — Shares retreated more than 12% despite surpassing analyst estimates in the second-quarter on the top and bottom line. Okta notched adjusted earnings of 72 cents per share on revenue of $646 million, while analysts polled by LSEG forecast 37 cents and $633 million. The secure identity cloud platform was double downgraded to underperform from buy at Bank of America. Pure Storage — The data storage company slumped nearly 14%. Second-quarter results came in ahead of analyst estimates, with Pure Storage notching adjusted earnings per share of 44 cents on revenue of $763.8 million, while analysts surveyed by LSEG expected 37 cents and $755 million. Operating income guidance for the third quarter was 5.5% below analysts’ consensus, according to FactSet. Veeva Systems — Shares of the cloud computing firm rose 5% thanks to second-quarter earnings and revenue that beat Wall Street estimates. Veeva posted adjusted earnings of $1.62 per share on revenue of $676.8 million, while analysts polled by FactSet were looking for $1.53 per share and $667.8 million. — CNBC’s Jesse Pound & Fred Imbert contributed reporting
Original news source Credit: www.cnbc.com
Affirm Holdings Inc, Breaking News: Markets, business, Business News, Crowdstrike Holdings Inc, Dividends, Dollar General Corp, Earnings, Economy, FactSet Research Systems Inc, Five Below Inc, HP Inc, KOHLS CORP DRN, Market Insider, Markets, Nutanix Inc, NVIDIA Corp, Okta Inc, Pure Storage Inc, Salesforce Inc, stock markets, Veeva Systems Inc, Victoria's Secret & Co
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