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Stocks Moving The Most During Premarket Trading

See which businesses are trading most aggressively in premarket trading:

Walmart — Shares rose up to 1% after the big-box retailer increased its full-year expectations and announced better-than-expected earnings and revenue. Adjusted earnings per share for the quarter came in at $1.84, exceeding the $1.17 estimate provided by Refinitv’s poll of analysts. Instead of the $160.27 billion anticipated, revenue came in at $161.63 billion.

Following Wednesday’s postmarket earnings beat, Cisco System, a major player in computer networking, increased 2.2%. For its fiscal fourth quarter, adjusted profits per share came in at $1.14, exceeding the $1.06 forecast by Refinitiv’s poll of analysts. Compared to the $15.05 billion anticipated, revenue was $15.2 billion.

Adobe – After Bank of America upgraded shares to buy from neutral, the software company saw a 2% increase.

Wolfspeed— Following the release of the company’s earnings report after the bell on Wednesday, shares fell by almost 17%. Refinitiv reported that Wolfspeed’s adjusted earnings-per-share loss for its fiscal fourth quarter was 42 cents, falling short of analysts’ forecasts of a 20 cent loss-per-share. The business’s revenue, however, exceeds expectations.

Source (CNBC)

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