Foot Locker (FL)
Foot Locker shares rallied 14% in the premarket after
beating top and bottom line estimates for its latest quarter. The apparel and
footwear retailer also raised its full-year forecast and reported an unexpected
increase in comparable store sales.
Shares of the China-based e-commerce company jumped 5.2% in
premarket action after reporting better-than-expected quarterly results as
Covid-induced lockdowns in China prompted more consumers to shop online.
Shares of the apparel retailer rose 5.1% in the premarket
after reporting unexpected profits and better-than-expected sales. Gap is in
the midst of a turnaround effort that has involved reducing inventories and
streamlining its brand portfolio.
The housewares retailer’s stock plunged 8.1% in premarket
trading after the company said it would not reiterate or update its guidance
through the financial year 2024 due to economic uncertainty. Williams-Sonoma
posted better-than-expected sales and profit for the July-September quarter.
Ross Stores (ROST)
Ross Stores soared 16.9% in the premarket after posting
better-than-expected results for the third quarter and an increased forecast
despite soaring prices and holiday season promotions.
Palo Alto Networks (PANW)
Shares of the cybersecurity company surged 9.2% in the
premarket after exceeding Wall Street’s top and bottom line estimates for the
latest quarter. The cybersecurity company also issued slightly improved
guidance as companies increase spending on network security.
Applied Materials (AMAT)
The semiconductor manufacturing equipment maker’s stock
gained 4.4% in premarket trading after beating top and bottom line estimates.
The company also issued upbeat current quarter guidance.
The online luxury platform operator’s stock tumbled 9.7% in
premarket action after reporting a wider-than-expected quarterly loss with
sales that also came in below market forecasts.