Best Buy, Snowflake, Okta and more –

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Best Buy, Snowflake, Okta and more – fr


Take a look at some of the biggest players in the pre-market:
Best Buy (BBY) – Best Buy shares jumped 3.8% in the pre-market after the electronics retailer reported quarterly earnings of $ 2.23 per share, which beat the consensus estimate of $ 1.39 per share. Same-store sales and revenue also beat Wall Street’s forecast, and Best Buy raised its comparable-store forecast for the full year.

Snowflake (SNOW) – Snowflake lost 11 cents per share for the first quarter, less than analysts expected 16 cents per share. The cloud computing company’s revenue also beat expectations, but stocks fell 3.3% in the pre-market, with losses increasing at a pace similar to its sales.

Okta (OKTA) – Okta shares fell 4.4% in pre-market trading, after the identity management software maker projected a larger-than-expected loss for the current quarter and reported on the upcoming departure of CFO Mike Kourey.

Dollar General (DG) – The discount retailer reported quarterly profit of $ 2.82 per share, beating the consensus estimate of $ 2.19 per share. Revenue exceeded estimates and comparable store sales declined less than expected. Dollar General has also raised its forecast for the full year after receiving a new round of government stimulus checks for its customers. Despite the beat, Dollar General stock fell 1.5% in pre-market trading.

Medtronic (MDT) – The medical device maker broke estimates by 8 cents per share, with quarterly profit of $ 1.50 per share. Income also exceeded estimates, as medical procedures rebounded amid a declining pandemic. Medtronic also increased its dividend by 9%.

Dollar Tree (DLTR) – Shares of the discount retailer fell 2.7% in the pre-market after posting lower-than-expected earnings outlook for the full year. Dollar Tree beat estimates on the upper and lower lines for its most recent quarter, and same-store sales rose more than expected.

Williams-Sonoma (WSM) – Williams-Sonoma earned $ 2.93 per share for its most recent quarter, beating the consensus estimate of $ 1.83 per share. The housewares retailer’s revenue exceeded expectations and also gave an optimistic outlook as buyers continue to invest in their homes. The share rose 3.3% in pre-market trading.

American Eagle (AEO) – American Eagle broke estimates by 2 cents per share, with quarterly earnings of 48 cents per share. The revenues were slightly higher than Wall Street projections. The clothing retailer benefited from increased spending from customers who received stimulus checks, which boosted demand and reduced the need for markdowns.

Nvidia (NVDA) – Nvidia reported quarterly earnings of $ 3.66 per share, compared to a consensus estimate of $ 3.28 per share. Revenue exceeded Street’s forecast, with the chipmaker also releasing a bullish revenue outlook. Nvidia said it could not determine to what extent the increase in its revenue was generated by sales to cryptocurrency miners, who use both crypto-specific chips as well as Nvidia’s gaming chips. .

HSBC (HSBC) – HSBC is pulling out of the US retail banking market. It sells its east coast banks to the Citizens Bank of the Citizens Financial Group (CFG) and its west coast operations to Cathay Bank, a unit of Cathay General Bancorp (CATY).

Walmart (WMT) – Walmart has struck a deal with clothing retailer Gap (GPS) to sell a new line of Gap-branded home goods. The new products will go on sale online on June 24 and will eventually hit physical Walmart stores. The spread increased 1.3% in the pre-market, while Walmart shares were little changed.

Vir Biotechnology (VIR) – The Food and Drug Administration has granted emergency use authorization for an antibody treatment for Covid-19 developed by Vir and its partner GlaxoSmithKline (GSK). Treatment is designed for patients 12 years of age and older with mild to moderate cases of Covid-19. Vir jumped 9.1% in pre-market share.

Workday (WDAY) – Workday broke estimates by 14 cents per share, with quarterly earnings of 87 cents per share. The revenue of the human resources software maker is also the most esteemed. Despite the bullish pace and outlook, Workday shares fell 1.1% pre-market.

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