UiPath
The stock plunged 22.4% in the premarket action after
UiPath issued a third-quarter and full-year revenue outlook that was below
expectations. However, the robotic process automation software company beat
earnings and revenue expectations in its most recent quarter.
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Nio
Shares of the Chinese electric vehicle maker fell 5.7% in
premarket action after reporting a loss of $409.8 million in the second
quarter, implying significantly widening losses. Nio’s Chief Financial Officer
(CFO) Steven Wei Fang said the company struggled with cost pressures during the
Covid shutdowns in April and May.
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Pinterest gained 4.1% in premarket trading after Wolfe
Research upgraded the social media stock to outperform, saying the company can
execute on long-term user and monetization goals under its new CEO.
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Coupa Software
Shares of the business management software company jumped
11.3% in premarket trading after reporting better-than-expected earnings in its
recent quarter. It also issued strong full-year earnings and revenue guidance.
Coupa earned 20 cents per share compared with estimates of 9 cents per share,
according to Refinitiv.
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Newell Brands
Newell lost 5.4% in the premarket after the company lowered
its third-quarter revenue guidance. The parent company of brands such as Yankee
Candle and Rubbermaid cited a “significantly greater than expected pullback” in
orders as consumers deal with inflation.
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ChargePoint
The stock added 3.3% in the premarket after Credit Suisse
started coverage of ChargePoint with a buy rating, saying the stock can jump
around 50% as the market for electric vehicle charging stations gets a boost
from the Inflation Reduction Act.
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AstraZeneca
The stock slid 2.6% in premarket action after Morgan
Stanley downgraded the stock to equal weight from overweight, saying the stock
has a “more balanced” risk-reward profile.
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Guidewire Software
The stock declined in the premarket after reporting
earnings per share of $0.03 compared to expected losses of $0.01 per share.
Revenue for the quarter came in at $244.6 million against $229.57 million
expected.
