Look at the firms that are generating news in the premarket trade.
Sprinkler – After the software company’s fiscal 2025 sales guidance disappointed investors, the stock fell roughly 28%. In light of the results and worries about topline growth, BTIG downgraded the stock to neutral.
GameStop—After the retailer of video games released its most recent quarterly financial results, shares of GameStop fell by 8%. A $1.08 billion revenue loss per share was declared by the corporation. It was unclear, though, if that wasn’t comparable to LSEG estimations.
Chewy — Following disappointing third-quarter earnings, the pet care e-commerce company’s shares saw a 10% decline. On $2.74 billion in revenue, Chewy lost 8 cents per share. A loss of six cents per share on $2.75 billion in revenue was anticipated by analysts surveyed by LSEG. Disappointingly, the company issued revenue guidance for the fourth quarter.
Interactive firm Take-Two With analyst Omar Dessouky stating that the stock is in a “holding pattern” until the release of Grand Theft Auto VI in 2025, shares of the video game firm fell almost 2% following a downgrade to neutral from Bank of America on Thursday.
Dollar General—The bargain store reported third-quarter earnings that exceeded forecasts, and the company gained 3.3% in premarket trade. Along with its predictions for revenue growth and comparable store sales, the business maintained its full year earnings outlook.
Rivian — After Stifel began covering the electric vehicle firm with a buy rating, shares rose 2.6%. The investment bank noted that the stock has risen as a result of Amazon’s plan to purchase 10,000 vehicles from Rivian and believes that industry headwinds will lessen over the next years.
Equinor ASA: Following an upgrade to buy from Bank of America, shares of the energy business increased by 2.4%. “Financial framework offers more robustness to its shareholder payouts than its share price gives it credit for,” according to analyst Christopher Kuplent, highlighting the company’s achievements.
The Duckhorn Portfolio: After the fiscal first-quarter earnings came in below expectations, shares plunged more than 9%. Following the study, Bank of America downgraded the wine stock to neutral, stating that “there appears to be little reason to be positive on NAPA in the near/medium term.”
Source (CNBC)
