Pre-Market Highlights: Key Stock Movements
MongoDB: Shares dropped 18% after the company provided lower-than-expected fiscal 2026 guidance, forecasting adjusted earnings of $2.44-$2.62 per share and revenue of $2.24-$2.28 billion, both below analyst forecasts.
Marvell Technology: The semiconductor firm’s stock fell 18% despite reporting adjusted earnings of 60 cents per share on $1.82 billion in revenue, slightly beating expectations but disappointing due to high pre-report expectations.
JD.com: U.S. shares rose 5% following strong fourth-quarter results that exceeded Wall Street predictions, alongside the announcement of an annual cash dividend.
Zscaler: The cloud security provider’s shares increased over 3% after reporting adjusted earnings of 78 cents per share and revenue of $648 million, surpassing expectations.
Rigetti Computing: Shares declined more than 12% after reporting a larger-than-expected loss of 68 cents per share on $2.3 million in revenue, missing analyst targets.
Macy’s: The retailer’s stock fell 3% after fourth-quarter revenue came in at $7.77 billion, below expectations. The company also offered weak full-year guidance.
Veeva Systems: Shares surged over 5.5% thanks to better-than-anticipated fourth-quarter earnings and revenue, along with strong future guidance.
Grindr: The LGBTQ social networking app saw shares plummet over 8% after reporting a net loss of $131 million for the year, significantly larger than the previous year’s loss.
Amazon: Shares fell 1.8%, reversing some gains from the prior session and heading for a weekly decline.
Alibaba: U.S. shares rose 1% after unveiling a new AI reasoning model aimed to compete with DeepSeek.
Victoria’s Secret: The lingerie retailer experienced a 4% drop due to weaker-than-expected guidance for the current quarter, anticipating revenue below analyst estimates.
Source (CNBC)
