Check the companies that write in the headlines before the call:
Target (TGT) – The target fell 22.1% in the premarket after a retailer reported adjusted quarterly earnings of $ 2.19 per share, below the consensus estimate of $ 3.07. Profits and comparable in-store sales exceeded forecasts, but, as yesterday’s Walmart competitor, higher costs ate up Target’s profits.
Lowe’s (LOW) – Lowe’s fell 2.9% on the premarket after quarterly sales in comparable home improvement stores fell more than expected and profits were slightly lower than Street forecasts. Lowe surpassed performance estimates by 29 cents with quarterly earnings of $ 3.51 per share.
Walmart (WMT) – Walmart fell another 1.9% in pre-marketing action after falling 11.4% yesterday after a shortfall. Retail stocks have suffered the biggest one-day loss since 1987.
Carrier Global (CARR) – Carrier fell 2.7% in the premarket after Bank of America Securities downgraded its stock rating to “neutral” from “buy”. The firm said it is now more bearish in the residential ventilation market after a recent industry conference and said Carrier has the greatest relative impact in that market among its counterparts.
Penn National Gaming (PENN) – Casino operator shares rose 3.2% on the premarket after Jefferies updated shares to “buy” out of “hold”, noting that the current stock price assigns only a minimal value to Penn’s digital transaction. Jeffries believes that the device can demonstrate good performance over time.
Shoe Carnival (SCVL) – The footwear company reported quarterly earnings of 95 cents a share, which is 9 cents above the estimate, while earnings also exceeded the consensus. The shoe carnival also raised the forecast for the full year. Shoe Carnival added 1% to pre-market trade.
Analog Devices (ADI) – The chipmaker earned adjusted quarterly earnings of $ 2.40 per share, which is 29 cents above the estimate, and reported earnings above expectations. The company said it was able to increase production despite challenges in supply chains, while demand remains strong. Analog Devices added 1.9% in pre-marketing bidding.
Warby Parker (WRBY) – Warby Parker fell 2.1% in pre-market trading after the stock rating was downgraded to “neutral” from “buy” at Goldman Sachs. Goldman said it sees a longer path to growth for the glasses retailer, which reported lower-than-expected quarterly earnings earlier this week.
Container Store (TCS) – The container store grew 8.2% in the premarket after reporting higher-than-expected earnings and revenue for the last quarter. The seller of goods for storage and organization also said it aims to reach annual sales of $ 2 billion by 2027.
Doximity (DOCS) – Doximity fell 14.5% in pre-marketing action after the cloud platform for healthcare professionals released a weaker-than-expected revenue forecast for the current quarter. Doximity also reported better-than-expected quarterly earnings and revenue.