Nvidia fell 3.6% in premarket trading after missing top and
bottom lines market estimates for its quarterly results. The graphics chipmaker
also gave a weak forecast, as its business continues to deal with slow demand.
Shares of the design software maker climbed 9.2% in the
premarket after it issued an positive outlook and called demand “robust”. It
also posted better-than-expected results for the last quarter.
Dollar Tree (DLTR)
Shares of the discount retailer fell 6.6% in premarket
trading after cutting its full-year earnings forecast, due to the impact of
pricing-related investments at its Family Dollar stores. Dollar Tree posted better-than-expected
profit for its latest quarter and revenue was in line with Wall Street
The stock surged 19% in the premarket after the data
software company reported higher-than-expected quarterly revenue. CEO Frank
Slootman said the company’s consumption-based model, which allows customers
adjust how much they use Snowflake’s services after signing a contract, is
proving to be an advantage.
Peloton plunged 17.5% in premarket action after reporting a
wider-than-expected loss and revenue below the market estimates. The company
also said its connected fitness business would remain challenging into 2023.
Abercrombie & Fitch (ANF)
Shares of the apparel retailer fell 10.5% in the premarket
after it reported an unexpected quarterly loss and lower-than-expected revenue
numbers. It also slashed its sales forecast of the ongoing year, citing the
impact of inflation.
Salesforce slumped 6.3% in premarket action after the
business software major cut its complete year guidance, as economic uncertainty
reduces the pace of customer deals. Salesforce reported higher-than-expected
sales and profit for the second quarter.
Victoria’s Secret (VSCO)
Victoria’s Secret slid 3.7% in premarket action after the
company cut its full year outlook. The women’s intimate apparel maker said it
expected its customers to be impacted by inflation and other financial
Callaway Golf (ELY)
Callaway Gold added 2.1% in premarket trading after
announcing plans to change its name to Topgolf Callaway Brands, to reflect a
lifestyle approach to its golf equipment and apparel items. The name change
will be effective on or around September 6.