Stocks making the biggest moves midday: Lululemon, SentinelOne, T-Mobile, MongoDB and more

Stocks making the biggest moves midday: Lululemon, SentinelOne, T-Mobile, MongoDB and more

A boarded up T-Mobile location in New York, after looting occurred the previous night, June 2, 2020.

Dan Magan | CNBC

Check out the companies making headlines in midday trading.

Lululemon — The athleisure apparel company rallied 12% on strong fiscal first-quarter earnings results. The company posted a top- and bottom-line beat and a 24% year-over-year increase in sales. Lululemon also raised its guidance for the full year.

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Wireless phone providers, Amazon — Shares of wireless phone service providers struggled after a report from Bloomberg News that Amazon is weighing offering wireless service to Prime members. Amazon later said in a statement it’s not planning to add wireless “at this time.” Shares of AT&T and Verizon fell more than 3% each, while T-Mobile lost 7.2%. Amazon traded 1.8% higher, while Dish Network popped 19%.

MongoDB — Shares of the data developer rocketed 27% after the company forecast strong fiscal first-quarter earnings and boosted its full-year guidance. MongoDB also surpassed Wall Street’s estimates for the recent quarter, with adjusted earnings coming in at 56 cents per share, nearly three times the Refinitiv consensus estimate of 19 cents per share.

SentinelOne — The cybersecurity stock sank more than 36% after SentinelOne’s revenue fell short of expectations. SentinelOne posted revenue of $133.4 million, below a FactSet forecast of $136.6 million. The company cited macroeconomic pressure as a contributor to slowing sales growth in a shareholder letter and cut its full-year revenue guidance.

Broadcom — Shares of the chipmaker added 2.8% in midday trading on the back of better-than-expected quarterly results. Broadcom earned $10.32 per share on revenue of $8.73 billion. Analysts expected a profit of $10.08 per share on revenue of $8.71 billion. Bank of America also reiterated a buy rating on the stock and raised its price target, citing an undervalued artificial intelligence segment.

Dupont de Nemours — The chemicals products stock added 8% after DuPont reached a settlement with the U.S. Water Systems to rectify PFAS-related claims in drinking water. PFAS stands for per- and polyfluoroalkyl substances. Chemours Co. and Corteva, also involved in the settlement, rose 23% and 3.5%, respectively.

Zscaler — Zscaler shares gained 7% on fiscal third-quarter results that beat Wall Street’s expectations and better-than-expected guidance. Earnings per share came in at 48 cents, 6 cents above a Refinitiv consensus.

Five Below — The value retailer’s shares jumped 6% following a mixed earnings report for the previous quarter. Bank of America reiterated its buy rating on Five Below shares in a Friday note, citing the company’s “recession resilience.”

The Trade Desk — The online ad company saw its shares jump over 3.7% after a Morgan Stanley upgrade to overweight from equal weight. The bank said The Trade Desk is a top pick poised to thrive in a stabilizing market for sales. Its $90 price target represents a more than 20% upside for the stock.

PagerDuty — Shares slumped 17% after the IT cloud company issued second-quarter revenue guidance that missed expectations. PagerDuty sees revenue for the quarter as high as $105.5 million. Analysts polled by StreetAccount expected guidance around $108 million.

Dell — The tech stock climbed more than 3% after the company posted quarterly earnings and revenue that beat Wall Street expectations. Dell posted a profit of $1.31 per share for the latest quarter, beating a Refinitiv estimate of 86 cents. Revenue of $20.92 billion also came in higher than an estimate of $20.27 billion.

Samsara — The cloud company popped 30% after reporting a smaller-than-expected first-quarter loss and lifting its full-year sales guidance. Samsara reported a loss of 2 cents a share on $204.3 million in revenue. That’s above the expected loss of 5 cents a share and $191.9 million in revenue, according to FactSet.

FibroGen — Shares rose 6.2% following an upgrade to buy from hold by Stifel. The firm said the company is focused on the development of two potentially “first-in-class” drugs.

Ginkgo Bioworks — The biotech stock dropped 6.7% on the back of a downgrade to sell from neutral by Goldman Sachs. Goldman said the company could see slower growth in new programs given the macro environment and cooling spending.

— CNBC’s Yun Li, Hakyung Kim, Brian Evans and Alex Harring contributed reporting.

Stocks making the biggest moves premarket: SentinelOne, Lululemon, Dupont and more

Stocks making the biggest moves premarket: SentinelOne, Lululemon, Dupont and more

A view of a Canadian athletic apparel retailer Lululemon logo seen at one of their stores.

Alex Tai | LightRocket | Getty Images

Check out the companies making headlines in early morning trading.

MongoDB — The data developer platform stock surged 27% after the company issued a strong forecast for the second quarter, seeing between $388 million and $392 million in revenue. Analysts forecasted $362 million, per Refinitiv. MongoDB also beat earnings and revenue forecasts for the most recent quarter.

SentinelOne  — Shares fell more than 35% in premarket trading after cybersecurity company missed revenue expectations for the first quarter and cut its full-year revenue guidance. The company reported first-quarter revenue of $133.4 million, below the consensus estimate of $136.6 million from FactSet. It sees just $141 million in revenue for the second quarter, well below the $152.1 million consensus estimate from FactSet. The company said in a shareholder letter that macroeconomic pressure was slowing sales growth.

Lululemon — The athleisure company’s shares jumped more than 14% after it reported a top and bottom line beat in its fiscal first quarter. The company’s sales grew 24% from the previous year. Lululemon also raised its full-year outlook.

Dupont De Nemours — Shares of the chemicals products maker gained 3% in early morning trading after the company, along with The Chemours Company and Corteva, reached a settlement with U.S. Water Systems to resolve all claims related to per- and polyfluoroalkyl substances, also known as PFAS, in drinking water. The companies will collectively contribute $1.185 billion to a settlement fund. Chemours rose about 2%. Corteva was higher by less than 1%.

Trade Desk — The online ad company saw its shares rise more than 3% after Morgan Stanley upgraded the stock to overweight from equal-weight. The Wall Street firm said The Trade Desk is a top pick set to thrive in a stabilizing market for sales. Its $90 price target represents a more than 20% upside for the stock.

Tesla — Shares of the EV maker rose more than 1% following a Bloomberg report that China is considering extending tax exemption for cheaper electric cars for another four years.

Samsara — The cloud company for the industrials industry saw shares jump nearly 14% after it posted a smaller-than-expected first-quarter loss and better-than expected revenue, according to FactSet, and expanded its full-year sales guidance.

ChargePoint — The electric vehicle charging stock slid 5.5% after the company issued light guidance for the current quarter. ChargePoint said revenue would be between $148 million and $158 million this quarter, below the consensus estimate of $165.6 million from FactSet.

Five Below —  The discount retailer’s shares got a 3.5% boost in early morning trading following mixed results for the latest quarter, including earnings per share that beat estimates by 4 cents, according to Refinitiv.

 — CNBC’s Hakyung Kim, Jesse Pound and Yun Li contributed reporting

Stocks making the biggest moves after hours: Lululemon, MongoDB, Five Below and more

Stocks making the biggest moves after hours: Lululemon, MongoDB, Five Below and more

A Lululemon sign is seen at a shopping mall in San Diego, California, November, 23, 2022.

Mike Blake | Reuters

Check out the companies making headlines after the bell

Lululemon — Lululemon’s stock popped 12% after the athletics apparel retailer posted better-than-expected fiscal first quarter earnings and lifted its full-year guidance. The company also reported 24% sales growth from the year-ago period.

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MongoDB – Shares of MongoDB jumped 19%. The data developer platform posted blowout guidance. MongoDB anticipates revenue in the second quarter will range from $388 million to $392 million, compared to analysts’ forecasts for $362 million, per Refinitiv. MongoDB beat on top and bottom lines in its latest quarterly report.

Five Below – Shares of the discount store chain jumped 6% in extended trading. Five Below posted earnings of 67 cents per share, while analysts polled by Refinitiv estimated earnings of 63 cents a share. However, Five Below posted revenue of $726 million, compared to the Street’s forecast of $728 million. Second quarter guidance was also short of analysts’ expectations.

Broadcom — The chip stock fell nearly 1% in extended trading. Broadcom reported a beat on the top and bottom lines for its second quarter and fiscal third-quarter revenue guidance that came in slightly ahead of Wall Street’s expectations. The stock had risen 41% going into the report.

PagerDuty — Shares of the digital operations management company slumped more than 11% after the bell. PagerDuty reported adjusted earnings per share that beat Wall Street’s estimates, but issued weaker-than-expected revenue guidance.

Asana — Shares of the work management platform operator gained 2% postmarket. Asana reported a smaller-than-expected loss and revenue that beat analyst expectations in the first quarter, according to FactSet.

Samsara — Samsara’s stock popped 13% in extended trading after the internet of things company reported a smaller-than-expected first-quarter loss, according to FactSet. Revenue also came in ahead of Wall Street’s estimates, while full-year sales guidance expanded.

ChargePoint — ChargePoint shares slumped more than 4% in extended trading. The electric vehicle charging stock beat Wall Street’s earnings expectations but shared light guidance for the current quarter that was below consensus estimates.

SentinelOne – SentinelOne shares cratered 34% after the bell as the cybersecurity company cut its revenue guidance and fell short of Wall Street’s revenue expectations in the most recent period.

— CNBC’s Darla Mercado contributed reporting

Stocks making the biggest moves midday: Dollar General, Salesforce, C3.ai, Chewy and more

Stocks making the biggest moves midday: Dollar General, Salesforce, C3.ai, Chewy and more

A sign is posted in front of a Dollar General store in Vallejo, California, March 17, 2022.

Justin Sullivan | Getty Images

Check out the companies making the biggest moves midday.

Dollar General — Shares sank nearly 20% after the company reported an earnings and revenue miss for the first quarter. The company also slashed its full-year outlook, citing a macroeconomic environment that is more challenged than it had expected.

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NetApp — Shares popped 9.5% following the company’s earnings and revenue beat after the close Wednesday. Adjusted earnings per share came in at $1.54 for its fiscal fourth quarter, versus the $1.25 expected from analysts polled by StreetAccount. Revenue was $1.58 billion, versus the $1.54 billion anticipated.

Chewy — The pet retailer’s stock surged about 25% after the company posted earnings per share of 5 cents, topping the 4-cent loss expected from analysts polled by Refinitiv. Chewy also beat on revenue. Its second-quarter revenue guidance also beat expectations, per StreetAccount.

Hormel Foods — The food producer’s stock gained 5.1% after the company reported fiscal second-quarter earnings per share of 40 cents, slightly above the 39 cents expected, per StreetAccount. However, revenue came in lighter than anticipated. Hormel also said it made progress on inventory levels and saw “meaningful improvement in fill rates.”

Pure Storage — The stock soared 21% on better-than-expected quarterly earnings and revenue. Pure Storage’s revenue guidance for the second quarter also topped estimates, per StreetAccount.

PVH — Shares tumbled 10% despite the company’s earnings and revenue beat after Wednesday’s close. Its full-year outlook was in line with consensus, but its second-quarter GAAP earnings-per-share guidance of $1.70 was below the $2.26 expected, per StreetAccount.

CrowdStrike — The cybersecurity stock lost 2% after the company reported quarterly results that showed slowing revenue growth.

Victoria’s Secret — Shares tumbled 8% after the lingerie retailer reported an earnings and revenue miss. The company also reduced its full-year revenue guidance in the low single-digits range from the prior midsingle-digit range estimates.

C3.ai — The artificial intelligence company dove 14% as a weaker-than-expected outlook eclipsed stronger-than-expected earnings for the previous quarter. The stock is still up sharply this year as investors bet on AI.

Salesforce — Salesforce shares lost about 4%. The drop in shares came as cost concerns and dwindling demand for consulting deals overshadowed better-than-expected results and an improved full-year earnings outlook.

Okta — The stock sank more than 18%. While the cloud software company lifted guidance for the 2024 fiscal year, management said “macroeconomic pressures are increasing.” JPMorgan Chase downgraded the stock to neutral from overweight Thursday.

Veeva Systems — The computer application company’s shares surged more than 18% after Veeva posted better-than-expected earnings and revenue for the first quarter late Wednesday. The company also raised its full-year earnings per share guidance.

Lucid Group — The luxury electric vehicle maker saw its shares drop 14% after it said Wednesday it’s raising about $3 billion through a new stock offering, and some $1.8 billion of the raise will come from a private placement with Saudi Arabia’s Public Investment Fund, which owns about 60% of the company.

bluebird bio — The biotech stock rose 4.9% following an upgrade to overweight from equal weight by Barclays. The firm said the company has several positive clinical trials on the horizon.

— CNBC’s Samantha Subin, Yun Li, Alex Harring and Tanaya Macheel contributed reporting.

Stocks making the biggest moves premarket: Macy's, Salesforce, Dollar General & more

Stocks making the biggest moves premarket: Macy’s, Salesforce, Dollar General & more

People walk past Macy’s on January 26, 2023 in New York City. US gross domestic product increased at an annual rate of 2.9% in the fourth quarter of 2022.

Leonardo Munoz | Corbis News | Getty Images

Check out the companies making headlines before the bell.

Nordstrom — Shares rose 4.7% after Nordstrom’s first-quarter results topped Wall Street’s expectations. The company posted 7 cents earnings per share and revenue of $3.18 billion. Analysts had estimated a loss per share of 10 cents and $3.12 billion in revenue, according to StreetAccount.

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C3.ai — The artificial intelligence company sank 21% after sharing disappointing guidance for the fiscal first quarter. That overshadowed a smaller-than-expected loss for the fiscal fourth quarter.

Salesforce — The software giant’s shares fell 6% after the company reported higher-than-expected capital costs and lower demand for consulting deals in its fiscal first quarter.

Okta — The cloud software company’s shares tumbled more than 20% Thursday. While Okta’s first-quarter results came above consensus analyst estimates, decelerating subscription revenue growth and smaller deal sizes from a worsening macro environment worsened investor sentiment. BMO Capital Markets downgraded shares to market perform from outperform in a Thursday note. 

Macy’s – Shares of the retail giant slid 7% premarket after the company missed revenue estimates for its most recent quarter, according to Refinitiv. Macy’s also slashed its full-year earnings and sales guidance, after “demand trends weakened” for discretionary items in March.

Lucid Group – The luxury EV maker saw its shares drop 12.5% after it said it’s raising about $3 billion through a new stock offering. It added that some $1.8 billion of the raise will come from a private placement with Saudi Arabia’s Public Investment Fund, which owns about 60% of the company.

Chewy — Shares jumped 17% after the pet products e-commerce company reported an earnings and revenue beat for the first quarter. The company also raised its full-year guidance and announced plans for expansion to Canada in the third quarter. 

Dollar General — Shares tumbled 9% after the company reported an earnings and revenue miss for the first quarter. The company said the macroeconomic environment is more challenged than it had previously anticipated and reduced its number of expected new store openings. 

CrowdStrike — Shares of the cybersecurity company fell 10% despite CrowdStrike’s first-quarter results beating analyst expectations. Sales reported 57 cents in adjusted earnings per share on $693 million of revenue. Analysts surveyed by Refinitiv were expecting 51 cents per share and $676 million per share. Several Wall Street analysts highlighted a slowdown in annual recurring revenue growth as a negative for the quarter.

Target — Shares traded down 1.4% after JPMorgan downgraded them to neutral from overweight. The bank cited several factors, including a weakening consumer spending environment, ongoing share losses from recent controversies and grocery inflation headwinds. 

Victoria’s Secret — The stock fell 13.6% after the company reported a quarterly earnings and revenue miss. The lingerie retailer reduced its full-year revenue guidance in the low-single digits range from the prior mid-single digit range estimates. 

CSX — Shares added 1.5% in premarket trading following an upgrade by UBS to buy from neutral. The Wall Street firm cited CSX’s strong network operation, which it believes will provide leverage to the next volume upturn. UBS also raised its price target to $37 from $33, suggesting nearly 21% upside from Wednesday’s close.

Veeva Systems – The computer application company got a 9% boost in its stock price after it posted better-than-expected earnings and revenue for the first quarter. Veeva also raised its full-year earnings per share guidance by 26 cents.

Pure Storage — Shares rallied 5% following a better-than-expected first quarter earnings report. The company’s full-year revenue guidance also topped analysts’ estimates.

— CNBC’s Tanaya Macheel, Samantha Subin, Jesse Pound and Michelle Fox contributed reporting

Stocks making the biggest moves after hours: C3.ai, Nordstrom, Salesforce, CrowdStrike and more

Stocks making the biggest moves after hours: C3.ai, Nordstrom, Salesforce, CrowdStrike and more

Customers walk through a shopping mall along the Magnificent Mile in Chicago, March 15, 2023.

Scott Olson | Getty Images

Check out the companies making headlines after the bell.

Nordstrom — Shares of the high-end department store jumped 9% in extended trading after its fiscal first-quarter sales beat Wall Street’s expectations. The strong results came even as the retailer reported a spending drop and predicted slower sales in the coming months. Nordstrom also reiterated its outlook for the full year.

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Salesforce — The software giant saw its stock fall nearly 4%. The company said capital expenditures in its latest quarter totaled $243 million, up about 36% and above the $205 million consensus among analysts polled by StreetAccount. Aside from this development, Salesforce posted quarterly results that surpassed estimates across the board and raised its full-year earnings guidance.

CrowdStrike — The cybersecurity firm’s stock tumbled nearly 12% in after-hours trading after the company reported slowing revenue growth. CrowdStrike reported quarterly revenue of $692.6 million, marking a 42% year-over-year increase, which is slower than the 61% growth it reported in the year-ago quarter. 

Okta — Shares of the software company dropped 13% in after-hours trading despite a stronger-than-expected quarterly report. It appeared the management’s warning about increasing “macroeconomic pressures” may have been the driver that sent shares lower. Okta also lifted guidance for the 2024 fiscal year.

C3.ai — The artificial intelligence tech company saw its shares tumble 18% even after it beat expectations on the top and bottom lines for its fiscal fourth quarter, according to Refinitiv. C3.ai expects to see fiscal first-quarter revenue of between $70 million and $72.5 million, which is less rosy than Wall Street had expected. The stock has skyrocketed more than 250% this year amid Wall Street’s enthusiasm toward AI.

Chewy — The pet retailer’s shares jumped about 12%. Chewy posted earnings of 5 cents a share, defying analysts’ predictions for a loss of 4 cents per share, according to Refinitiv. Revenue came in ahead of expectations at $2.78 billion, versus the $2.73 billion anticipated by Wall Street.

Pure Storage — Shares added 7% after the data storage company beat analysts’ expectations in the latest quarter. Pure Storage posted adjusted earnings of 8 cents a share on $589 million of revenue. Analysts called for earnings of 4 cents per share on $559 million in revenue, according to Refinitiv.

CNBC’s Darla Mercado contributed to this report.

Stocks making the biggest moves midday: Intel, C3.ai, Advance Auto Parts, HP and more

Stocks making the biggest moves midday: Intel, C3.ai, Advance Auto Parts, HP and more

Signage outside Intel headquarters in Santa Clara, California, US, on Monday, Jan. 30, 2023.

David Paul Morris | Bloomberg | Getty Images

Check out the companies making the biggest moves midday:

Intel — Shares popped about 4% after the chipmaker’s finance chief said the company could soon see a turnaround. Speaking at a conference, CFO David Zinsner said the company’s data center division is starting to “turn the corner,” while adding that China inventory should start to ease after the third quarter. He also said second-quarter revenue will come in at the high end of its guidance.

Advance Auto Parts — Shares sank nearly 34% after the car parts retailer reported an adjusted earnings per share of 72 cents, widely missing analysts’ estimates of $2.57, per Refinitiv. The company also missed on revenue and cut its quarterly dividend and full-year guidance.

Avis Budget — The car rental company’s shares gained about 4% Wednesday after Deutsche Bank upgraded shares to buy. The bank said a likely share-repurchase announcement later in 2023 could be a positive catalyst for shares.

Nvidia — Shares retreated 4.8%, taking a breather from their recent run. Nvidia rallied on Tuesday, which briefly pulled the tech stock’s market cap above $1 trillion. The stock has been a focus of excitement amid booming interest in artificial intelligence.

C3.ai — Shares slipped about 11% ahead of the AI software maker’s quarterly results after the bell. C3.ai, the company behind ChatGPT, has soared more than 250% so far this year.

Ambarella — The chip stock fell more than 16%. On Tuesday, Ambarella said it expected second-quarter revenue to range from $60 million to $64 million, below the $67.2 million guidance expected by analysts, according to Refinitiv. KeyBanc downgraded the stock to sector weight from overweight after the report. The fall came despite Ambarella reporting a smaller-than-expected adjusted loss in the first quarter.

Hewlett Packard Enterprise – Shares of the tech company slid about 7% a day after Intel posted a mixed quarterly report. Although earnings per share beat analysts’ estimates, revenue for the quarter came in below expectations, according to Refinitiv.

HP – The stock fell nearly 5%. The action came a day after the tech hardware company reported mixed quarterly results. HP’s revenue of $12.91 billion fell short of the $13.07 billion expected from analysts polled by Refinitiv. Its adjusted earnings per share of 80 cents topped the 76 cents per share expected.

SoFi Technologies – Shares in the student loan refinancing firm gained nearly 12%. The House is slated to vote on the debt ceiling bill Wednesday. The package includes a measure that would end the student loan payment pause.

Micron Technology – The chip stock dropped 4.6% following the company’s presentation at the Goldman Sachs Global Semiconductor Conference. Micron said its third-quarter trends have been consistent with guidance and the company sees no need to raise it. However, Micron noted revenue growth guidance that is nearer to the high end of its previously stated range.

Carvana – Shares dropped 10% in midday trading, erasing some of the big gains it’s seen so far this year. Earlier this month, the stock surged after Carvana said it will achieve adjusted profit sooner than expected. Carvana is up nearly 160% year to date.

Twilio – The tech stock rallied 8%. On Tuesday, a news report indicated that activist investor Legion Partners has met several times with Twilio’s board of directors and management. Legion is looking to make changes to the board, and asking the company to consider divestitures, according to The Information, which cited people familiar with the matter.

Regional banks – Regional banks fell on Wednesday, adding to their steep losses for the month of May. KeyCorp and Zions Bancorp both lost more than 5%, while Citizens Financial Group fell close to 5% and Truist Financial slipped nearly 3%.

— CNBC’s Hakyung Kim, Jesse Pound, Brian Evans, Tanaya Macheel and Fred Imbert contributed reporting.

Stocks making the biggest moves premarket: Advance Auto Parts, SoFi, Twilio and more

Stocks making the biggest moves premarket: Advance Auto Parts, SoFi, Twilio and more

An exterior view of the Advance Auto Parts store at the Sunbury Plaza, Sunbury, Pennsylvania.

Paul Weaver | SOPA Images | Lightrocket | Getty Images

Check out the companies making headlines in premarket trading.

SoFi — The financial services platform added nearly 7%. A deal to raise the U.S. debt ceiling on track for a vote on Wednesday would resume student loan payments.

Carvana — Shares fell nearly 4% in premarket trading. Carvana stock has been on fire so far this year with a 189% gain from the start of 2023.

Anheuser-Busch — The beer giant declined 1.7%. Lower sales volume across the company’s portfolio of products underpinned the decline, with Bud Light leading the charge with a 25.7% fall for the week ending May 20, according to Evercore.

Hewlett Packard Enterprise — Hewlett Packard Enterprise fell nearly 8% on the back of mixed quarterly numbers. The company earned an adjusted 52 cents per share, beating a Refinitiv forecast of 48 cents per share. However, revenue of $6.97 billion was below a consensus estimate of $7.31 billion.

Twilio — Shares gained 3.6% after a report that Legion Partners is looking to make changes to the automated communications company’s board, as well as divestitures.

Ambarella — The chip stock shed 18% after Ambarella shared disappointing guidance for the second quarter. Ambarella expects second-quarter revenue between $60 million and $64 million. Analysts expected guidance around $66.9 million, according to StreetAccount.

Advance Auto Parts — The car parts retailer plummeted more than 25% after a wide earnings miss. The company reported an adjusted 72 cents per share against a Refinitiv consensus forecast of $2.57 per share. Advance Auto Parts also slashed its quarterly dividend.

C3.AI — The artificial intelligence stock declined 5.8% ahead of of quarterly results on Wednesday. Analysts polled by FactSet forecast an adjusted quarterly profit of 3 cents per share.

American Airlines – Shares of the air carrier rose about 2% premarket after the company raised expectations for the second quarter. American increased its earnings per share expectation from between $1.20 and $1.40 to between $1.45 and $1.65. It also increased its margin expectations, to between 12.5% and 14.5% from between 11% and 13%.

— CNBC’s Samantha Subin, Fred Imbert and Tanaya Macheel contributed reporting

Stocks making the biggest moves after hours: Ambarella, Box, HP and more

Stocks making the biggest moves after hours: Ambarella, Box, HP and more

The Hewlett-Packard Co. logo is displayed on the window of an electronics store in New York.

Ramin Talaie | Bloomberg | Getty Images

Here are the stocks making notable moves after the closing bell Tuesday.

Ambarella — The chip stock fell 12% in extended trading after Ambarella gave second-quarter revenue guidance of $60 million to $64 million, below the $67.2 million expected by analysts, according to Refinitiv. The fall came despite Ambarella reporting a smaller-than-expected adjusted loss in the first quarter.

Box — Shares of Box rose 3% in extended trading after the cloud company beat estimates in its fiscal first quarter. Box reported 32 cents in adjusted earnings per share on $252 million of revenue. Analysts surveyed by Refinitiv had penciled in 27 cents in earnings per share on $249 million of revenue.

Hewlett Packard Enterprise — Shares of the technology services company fell 4% post-market after HP Enterprise posted mixed results in its fiscal second quarter. The company reported 52 cents in adjusted earnings per share on $6.97 billion of revenue. Analysts surveyed by Refinitiv were expecting just 48 cents per share but $7.31 billion of revenue.

HP Inc. — The tech hardware stock dipped about 2% in extended trading after a mixed fiscal second-quarter report. HP reported 80 cents in adjusted earnings per share, 4 cents above estimates. However, HP’s $12.91 billion in revenue was below the $13.07 billion expected by analysts, according to Refinitiv.

Stocks making the biggest moves midday: Nvidia, Tesla, Coinbase and more

Stocks making the biggest moves midday: Nvidia, Tesla, Coinbase and more

Visitors at the Nvidia stand at the 2022 Apsara Conference in Hangzhou, China, Nov 3, 2022.

Nvidia Stock Soar | Future Publishing | Getty Images

Check out the companies making headlines in midday trading.

Nvidia — Shares of the chipmaker and artificial intelligence beneficiary popped nearly 6%, building on its recent gains on the heels of a blowout quarter. The moves pushed Nvidia’s market value above $1 trillion. Other chipmakers with AI ties also gained, with Broadcom last up more than 5%.

Tesla — Shares gained 6% following a Reuters report a private jet used by CEO Elon Musk arrived in China, his first visit in three years. Musk is expected to meet with senior Chinese officials and visit Tesla’s Shanghai plant, Reuters said.

Ford — Shares of the legacy automaker gained 4.7% after Jefferies upgraded the F-150 pickup truck maker to a buy from a hold, citing improved confidence in Ford’s plan and management after an investor event.

Coinbase — Shares of the crypto services business rose more than 5% following an upgrade by Atlantic Equities, which called the company the “best expression of crypto.” The analyst kept his price target on the stock, still implying it could rally 23% from Friday’s close.

Paramount Global — The CBS TV parent rose more than 2%, extending a gain of nearly 6% from Friday. Wolfe Research upgraded the media stock to peer perform from underperform Tuesday following news last week Paramount’s majority shareholder National Amusements announced a $125 million preferred equity investment from BDT Capital Partners. Wolfe said the odds of Paramount selling off assets are rising while the stock is depressed and positioning is short.

ChargePoint — Shares rose nearly 11%. Bank of America upgraded the electric vehicle charging station stock to buy, calling it a best-in-class play in the EV landscape.

Devon Energy, Diamondback, Chevron, ExxonMobil — Energy stocks were under pressure Tuesday as prices for oil and natural gas slid. Shares of Devon Energy dropped 3.5%, while Diamondback Energy fell more than 2%. Oil giants Chevron and Exxon were each down about 1.5%.

C3.ai — Shares of C3.ai soared 18% Tuesday as AI-focused companies got a lift. Other companies connected to AI gained, with UiPath last up nearly 6%. C3.ai reports results Wednesday.

Iovance Biotherapeutics — Shares of Iovance Biotherapeutics popped more than 11% after the U.S. Food and Drug Administration accepted its license application for an advanced skin cancer treatment.

— CNBC’s Tanaya Macheel, Yun Li, Michelle Fox, Alexander Harring and Jesse Pound contributed reporting.

Stocks making the biggest premarket moves: ChargePoint, Ford, Nvidia, Tesla and more

Stocks making the biggest premarket moves: ChargePoint, Ford, Nvidia, Tesla and more

A ChargePoint station at the New Carrollton Branch Library in New Carrollton, Md.

Tom Williams | Cq-roll Call, Inc. | Getty Images

Check out the companies making some of the biggest moves in premarket trading:

ChargePoint — Shares of the electric vehicle charging station company jumped 5% premarket after Bank of America upgraded the stock to buy. The Wall Street firm called ChargePoint a best-in-class way to play the EV charging theme, highlighting the company’s scale and diversity as keys to sustainable growth.

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Ford Motor — Shares of the automaker rose more than 2% after Jefferies upgraded the stock and said the automake has a strong plan and management that can help it close the gap with rivals. The analyst also raised his price target on the shares, implying they could rally more than 30%.

Tesla — Shares gained 3% premarket. On Monday, Reuters reported a private jet used by CEO Elon Musk arrived in China. Musk is expected to meet with senior Chinese officials and visit Tesla’s Shanghai plant, Reuters said. Last Thursday, Tesla and Ford announced a partnership giving Ford owners access to Tesla Superchargers.

Coinbase — Shares gained 4% in premarket trading. On Tuesday, Atlantic Equities upgraded Coinbase to overweight from neutral. Analyst Simon Clinch maintained his $70 price target, implying 23% upside from Friday’s close.

Nvidia — Shares continued to near $1 trillion in market value, up 3.7% in premarket trading. The AI semiconductor company has been soaring since its blockbuster earnings report last Wednesday.

C3.ai — AI stocks built on their post-Nvidia earnings gains, with C3ai up 8.7%. UiPath gained 6.4% and Palantir Technologies was ahead 6.2%. C3.ai reports its next quarterly results on Wednesday.

Advanced Micro Devices — Semiconductor stocks continued to move higher after Nvidia’s earnings last week. AMD added 3.4%, Qualcomm gained 2% and Broadcom was higher by 1.8%. Intel, which initially dropped on Nvidia’s earnings, gained 3%.

Paramount Global — The media stock rose 2.4% on Tuesday morning, extending a gain of nearly 6% from Friday. The company’s majority shareholder National Amusements announced a $125 million preferred equity investment from BDT Capital Partners last week.

—CNBC’s Jesse Pound, Tanaya Macheel and Yun Li contributed reporting.

Stocks making the biggest moves midday: Ford, Marvell Technology, Paramount, Gap and more

Stocks making the biggest moves midday: Ford, Marvell Technology, Paramount, Gap and more

A Ford F-150 Lightning Platinum electric truck during the 2022 New York International Auto Show, New York.

Michael Nagle | Bloomberg | Getty Images

Check out the companies making the biggest moves midday Friday.

Ford — Shares popped about 7% after Ford and Tesla announced a partnership late Thursday that will give Ford owners access to more than 12,000 Tesla Superchargers in the U.S. and Canada. Tesla‘s stock gained 5%.

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Marvell Technology — The semiconductor stock soared 28% after the company’s earnings beat analyst expectations. Marvell Technology also expects revenue growth to accelerate in the second half of the fiscal year, with CEO Matt Murphy citing artificial intelligence as a “key growth driver.”

Ulta Beauty — Shares of the beauty retailer tumbled more than 12% following the company’s first-quarter earnings announcement. Despite reporting an earnings and revenue beat, shares fell on the company’s reduced operating margin outlook for the full year.

Paramount — Shares of the media company gained more than 5% after National Amusements, Paramount’s majority voting shareholder, announced a $125 million preferred equity investment by BDT Capital Partners. Loop Capital upgraded Paramount to a hold rating from a sell in light of the news. The Wall Street firm said the bull case is the financial pressure will force Paramount to find a buyer and shareholders will achieve private market value.

Gap — Shares of the apparel retailer jumped 11% even after the company posted net losses and declining sales Thursday for its most recent quarter. Investors cheered Gap’s big improvement in its margins, which it attributed to reduced promotions and lower air freight expenses.

Workday — The stock rallied more than 11.1% after its first-quarter earnings and revenue beat analysts’ expectations. Workday also raised the low end of its full-year subscription revenue guidance and named a new chief financial officer, Zane Rowe.

RH — Shares tumbled about 3.7% after the retailer’s second-quarter guidance missed analysts’ expectations. The company also warned of increased markdowns. However, RH beat estimates for first-quarter adjusted earnings per share and revenue, per Refinitiv, when it reported results after Thursday’s close.

Deckers Outdoor — Deckers Outdoor popped 2.3% after the footwear company behind Ugg and HOKA shoes reported fiscal fourth-quarter results that exceeded analysts’ expectations. However, it gave full-year earnings and revenue guidance that was lower than expected.

American Express — Shares added more than 3% in midday trading. On Friday, Morgan Stanley said the recent sell-off was “overdone” and with the stock trading at its cheapest level in years, it’s a good entry point for investors.

Nvidia — The semiconductor stock added 1.7%, a day after surging 24% on the back of the AI darling’s blowout earnings report. The move higher Friday takes Nvidia closer to reaching a $1 trillion market cap.

Monolithic Power Systems — The stock was among those getting a boost from Nvidia’s earnings report and the excitement over AI. Monolithic Power Systems rallied 6.7%, while Arista Networks gained 8.1%. Broadcom moved 7% higher, NXP Semiconductors added 4.4% and Adobe also rose 4.4%.

— CNBC’s Hakyung Kim, Yun Li, Tanaya Macheel and Sarah Min contributed reporting.

Stocks making the biggest moves premarket: Marvell Technology, Gap, RH & more

Stocks making the biggest moves premarket: Marvell Technology, Gap, RH & more

Matt Murphy, president and CEO of Marvell Technology

Adam Jeffery | CNBC

Check out the companies making headlines before the bell:

Marvell Technology — Marvell Technology surged 17% in premarket trading after reporting a top-and-bottom beat in its first quarter. Marvell posted adjusted earnings of 31 cents per share, topping estimates for 29 cents, according to Refinitiv. It reported $1.32 billion in revenue, while analysts polled by Refinitiv expected $1.3 billion. It expects revenue growth will accelerate in the second half of the fiscal year.

Gap — Shares of the apparel retailer jumped more than 11% premarket despite the company posting net losses and declining sales Thursday for its most recent quarter, as investors cheered Gap’s big improvement in its margins thanks to reduced promotions and lower air freight expenses.

Workday — Workday jumped 9% after topping first-quarter expectations on the top and bottom lines. The financial management software firm also named a new chief financial officer, Zane Rowe, and raised the low end of its full year subscription revenue guidance. 

Autodesk — Autodesk rose 1% in premarket trading. The software company reported first-quarter results that were in line with analysts’ expectations. It gave second-quarter guidance that was weaker than expected, while its full year outlook was roughly in line. 

Deckers Outdoor — Deckers Outdoor fell 2% in premarket trading. The lifestyle footwear company reported fourth-quarter results that exceeded analysts’ expectations, according to Refinitiv. However, it gave full year earnings and revenue guidance that was lower than expected. 

RH — Shares of the retailer fell more than 3% in premarket trading despite RH beating estimates for its fiscal first quarter in a Thursday evening report. The company reported $2.21 in adjusted earnings per share on $739 million of revenue. Analysts surveyed by Refinitiv were looking for $2.09 in earnings per share on $727 million of revenue. However, RH’s second-quarter revenue guidance was short of expectations, and the company warned of increased markdowns. 

Ulta Beauty — Ulta Beauty slid 9% in premarket trading even after the beauty retailer posted strong earnings and revenue for the first quarter. It very slightly raised full year revenue guidance, and reaffirmed earnings per share guidance. However, comparable sales grew slightly less than expected.

— CNBC’s Tanaya Macheel and Jesse Pound contributed reporting

Stocks making the biggest moves after hours: Gap, Marvell Technology, RH, Ulta and more

Stocks making the biggest moves after hours: Gap, Marvell Technology, RH, Ulta and more

Pedestrians walk past a Gap Inc. store in Shanghai, China.

Qilai Shen | Bloomberg | Getty Images

Check out the companies making headlines in after-hour trading.

Gap — Shares surged 15% in the postmarket following the retailer’s earnings report, which showed a major improvement in margins. Revenue was a hair below expectations, coming in at $3.28 billion while analysts polled by Refinitiv anticipated $3.29 billion.

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Costco — Shares slipped by 0.2% after the retailer posted a miss on revenue, recording $53.65 billion for its fiscal third quarter while analysts forecasted $54.57 billion, per Refinitiv. Costco saw $3.43 in adjusted earnings per share, higher than the $3.29 anticipated by analysts.

Ulta Beauty — Shares of Ulta fell 8% in extended trading after the cosmetics retailer reaffirmed guidance for earnings and comparable sales for the full year. Ulta slightly raised its outlook for revenue for the year. The company posted earnings of $6.88 per share on $2.63 billion in revenue. Analysts called for earnings of $6.87 per share and revenue of $2.62 billion, according to Refinitiv.

Workday — The cloud stock added 7% after hours following a strong earnings report and its announcement of a new chief financial officer. Workday reported $1.31 in adjusted earnings per share, while analysts polled by Refinitiv estimated $1.12. The company also narrowly beat expectations for revenue, coming in at $1.68 billion against a $1.67 billion forecast. Workday also announced Zane Rowe, most recently CFO of VMware, would be the finance chief starting next month.

Marvell Technology — Shares jumped 14% in post-bell trading after the semiconductor producer beat analysts’ expectations for its first quarter. Marvell notched 31 cents in adjusted earnings per share on $1.32 billion in revenue, while analysts polled by Refinitiv estimated 29 cents per share and $1.3 billion in revenue. The company also said revenue growth should accelerate in the second half of the fiscal year.

RH — Luxury retailer RH slipped 3% after hours as weak guidance for the current quarter pulled attention from strong first-quarter earnings. The company said to expect between $765 million and $775 million in revenue in the current quarter, lower than the Street’s estimate of $784 million, according to Refinitiv. Still, RH beat expectations on revenue in the first quarter, posting $739 million compared with analysts’ forecast of $727 million.

— CNBC’s Darla Mercado contributed reporting.

Stocks making the biggest moves midday: Nvidia, Monolithic Power Systems, Ralph Lauren and more

Stocks making the biggest moves midday: Nvidia, Monolithic Power Systems, Ralph Lauren and more

Nvidia has found success in China by selling automotive chips to the country’s electric car companies, but the U.S. semiconductor giant has been restricted from sending some products to China.

Budrul Chukrut | Sopa Images | Lightrocket | Getty Images

Check out the companies making headlines in midday trading.

Nvidia — Nvidia surged 25% during midday trading the day after it issued a blockbuster earnings report. The rally brought the chipmaker’s market cap to just below the $1 trillion milestone, last around $942 million, according to FactSet.

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Monolithic Power Systems — Artificial intelligence beneficiaries such as Monolithic Power Systems got a boost from Nvidia’s strong results. Monolithic Power Systems is an under-the-radar AI pick expected to provide power management solutions for Nvidia’s H100 graphics processing units, according to Needham. Shares surged 15%. Other AI beneficiaries that also got a boost include Marvell Technology and Broadcom, which rose more than 3% each. Adobe shares jumped 6%.

Dish Network — Shares jumped 7% on news the company is in discussions with Amazon to sell wireless phone plan services on the e-commerce platform, according to a report from The Wall Street Journal.

Advanced Micro Devices — Semiconductor and semiconductor equipment makers took off after Nvidia’s strong results. Advanced Micro Devices and Synopsys jumped 10%, each. Shares of Applied Materials advanced 5%.

Dollar Tree — Dollar Tree reported shrinking margins in its fiscal first quarter, sending its shares down 10% during midday trading. Competitor Dollar General also fell, down 2.6%.

Snowflake — The cloud computing stock tumbled nearly 17%. Late Wednesday, Snowflake reported second-quarter product revenue guidance below expectations, according to StreetAccount. It did, however, beat on the top and bottom lines in its first-quarter results.

American Eagle Outfitters — American Eagle Outfitters dropped 13% during midday trading. The apparel retailer lowered its outlook late Wednesday. The clothing retailer reported a mixed quarter, with revenue slightly beating estimates and earnings meeting expectations, per Refinitiv.

Ralph Lauren — The luxury apparel retailer saw its shares jump 6% after the company beat earnings estimates and reported a surprise rise in revenue for its fiscal fourth quarter, according to Refinitiv. Ralph Lauren also said its sales in China jumped 30% as demand for luxury items rebounded amid the reopening.

Best Buy — Shares of the electronics retailer gained 1% after the company issued its fiscal first-quarter results. While the company posted slightly better-than-expected earnings, according to Refinitiv, sales missed estimates. Best Buy also reiterated expectations for weaker spending on consumer electronics this year.

Carnival — The cruise line added 2% on the back of an upgrade to buy from neutral by Citi. The firm said Carnival is at a turning point in regard to its balance sheet, and the broader cruise industry is getting more attention from investors.

— CNBC’s Alex Harring, Hakyung Kim, Yun Li and Tanaya Macheel contributed reporting.

Stocks making the biggest premarket moves: Nvidia, Best Buy, Snowflake, Carnival & more

Stocks making the biggest premarket moves: Nvidia, Best Buy, Snowflake, Carnival & more

The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022.

Nvidia | via Reuters

Check out the companies making the biggest moves in premarket trading Thursday:

Nvidia — Shares soared 28% after the chipmaker reported blockbuster earnings. Nvidia said it expected a “giant record year” and guided for sales of $11 billion in the second quarter, more than 50% higher than analysts’ estimates.

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Best Buy — Shares of the electronics retailer gained nearly 5% in premarket trading after the company posted first-quarter earnings of $1.15 per share excluding items, topping the $1.11 expected by analysts, according to Refinitiv. Revenues of $9.47 billion came in below the $9.52 billion anticipated.

Snowflake — The cloud computing company slid about 13% following the company’s weaker-than-expected revenue guidance for the second quarter. However, Snowflake beat analysts’ estimates for first-quarter earnings and revenue when it reported after the bell Wednesday, according to Refinitiv.

American Eagle Outfitters — The stock shed nearly 20% in premarket trading after the retailer said it expects second-quarter revenue to fall. American Eagle Outfitters also posted first-quarter earnings per share in line with estimates and revenue slightly above expectations

Carnival — The cruise line added 2.3% following an upgrade to buy from neutral by Citi. The firm said Carnival is at a turning point on its balance sheet at a time when investors seem more interested in the cruise space.

Dish Network — Shares slipped 2.7% in the premarket after being downgraded by Citi to neutral from buy on Wednesday. The Wall Street firm cited Dish’s substantial capital needs combined with the drop in market value of its securities.

Dollar Tree — Shares of the discount retailer fell 11% in premarket trading after Dollar Tree reported shrinking margins for the first quarter. Gross profit fell 4.7% even as net sales rose 6.1%. The company’s first quarter adjusted earnings per share of $1.47 was below analyst estimates of $1.52, according to StreetAccount.

C3.ai, Palantir Technologies — The AI stocks rallied on the back of Nvidia’s earnings, with C3.ai popping 14% and Palantir Technologies gaining nearly 10%.

Advanced Micro Devices, Taiwan Semiconductor — The semiconductor stocks followed Nvidia higher in premarket trading, with AMD adding about 9% and Taiwan Semiconductor up nearly 7%.

— CNBC’s Alex Harring, Tanaya Macheel and Jesse Pound contributed reporting.

Stocks making the biggest moves after hours: Nvidia, Snowflake, American Eagle Outfitters and more

Stocks making the biggest moves after hours: Nvidia, Snowflake, American Eagle Outfitters and more

The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022.

Nvidia | via Reuters

Check out the companies making headlines after hours.

Nvidia — Nvidia shares surged 19% in extended trading. The chipmaker gave stronger-than-expected revenue guidance for the fiscal second quarter, while also reporting beats on the top and bottom lines in its fiscal first quarter. The stock has already more than doubled this year.

Snowflake — Snowflake tumbled 11% after hours. The cloud computing company gave weaker-than-expected second-quarter revenue guidance, according to StreetAccount. Snowflake beat analysts’ expectations for earnings and revenue in the first quarter, per Refinitiv.

American Eagle Outfitters — Shares slid 15% after American Eagle Outfitters said it expects second-quarter revenue to fall in the low single digits, instead of up 1.6%, according to consensus expectations from Refinitiv. The clothing retailer reported a mixed quarter, with per-share earnings coming in line with estimates, while revenue beat expectations.

Guess? — Shares popped 3% after the apparel company raised its dividend and hiked its full-year earnings and revenue guidance.

e.l.f. Beauty — Shares of e.l.f. Beauty jumped 10% in extended trading. The cosmetics company reported fiscal fourth-quarter earnings that beat expectations on the top and bottom lines. The company reported adjusted earnings of 42 cents per share on revenue of $187 million. Analysts polled by Refinitiv expected earnings of 20 cents per share on revenue of $156 million.

Stocks making the biggest moves midday: Abercrombie & Fitch, Palo Alto Networks, Moderna and more

Stocks making the biggest moves midday: Abercrombie & Fitch, Palo Alto Networks, Moderna and more

Customers exit an Abercrombie & Fitch store in San Francisco, California.

David Paul Morris | Bloomberg | Getty Images

Check out the companies making headlines in midday trading.

Citigroup – Citigroup shares fell nearly 3%. The bank announced plans to spin off its Mexico business Banamex through an initial public offering after its efforts to find a buyer for the unit failed.

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Palo Alto Networks – The cybersecurity company saw its shares jump nearly 8%. The action came a day after Palo Alto Networks posted a better-than-expected quarterly report and strong earnings guidance. The company reported adjusted earnings of $1.10 per share and revenue of $1.72 billion. Analysts polled by Refinitiv had estimated earnings of 93 cents per share and $1.71 billion in revenue.

Netflix — Shares rose 1.2%. On Tuesday, the company started notifying customers of its password-sharing rules in the U.S. Oppenheimer said the crackdown on account sharing should help the stock.

Analog Devices — Analog Devices dropped 8% in midday trading. The semiconductor manufacturing firm gave weaker-than-expected guidance for the fiscal third quarter, despite beating expectations on the top and bottom lines in its second quarter. Analog Devices expects adjusted earnings of about $2.52 per share in the third quarter, compared to analysts’ forecasts for $2.65 per share, according to FactSet. The company expects revenue of around $3.10 billion, less than the $3.16 billion estimate.

Tesla — Shares of Elon Musk’s electric vehicle maker dipped about 2% midday. Disappointing quarterly results from Chinese rival Xpeng sent EV stocks lower. Xpeng missed estimates on revenue and posted a wider loss than analysts expected, per Refinitiv. The company also forecasted a decline in vehicle deliveries.

Energy stocks — Shares of oil companies rose on Wednesday. The move came a day after Saudi Arabia’s energy minister indicated potential OPEC+ output reductions. The Energy Select Sector SDPR Fund (XLE) was up 0.3%. Marathon Oil and APA both gained roughly 1%.

Semiconductor stocks — Semiconductor shares declined on Wednesday. A spokesperson for China’s Ministry of Commerce spoke out against Japan’s chip export restrictions to China a day earlier. Shares of Microchip Technology were down 6%. NXP Semiconductors fell 4%, while On Semiconductor shed 3%. Nvidia also declined 2% ahead of its earnings announcement after the bell. 

Moderna — The biotech company’s shares fell more than 4%. The drop marks a sharp reversal for the stock, which has popped in recent days amid news of the new XBB variant wave of Covid cases in China. Beijing officials reportedly estimate this could result in 65 million new weekly cases by the end of June.

Abercrombie & Fitch – Shares of the apparel retailer soared 26% after the company reported fiscal first-quarter earnings and revenue that beat analysts’ estimates, according to Refinitiv. The apparel retailer also issued strong guidance for the fiscal second quarter and full year.

Urban Outfitters — Shares of the retail company spiked about 16%. On Tuesday, Urban Outfitters issued a fiscal first-quarter report that beat expectations on the top and bottom lines. The company generated 56 cents in earnings per share on $1.11 billion of revenue. Analysts surveyed by Refinitiv had penciled in 35 cents of earnings per share on $1.09 billion of revenue. Barclays upgraded the stock to overweight from equal weight after the earnings report.

Accolade — Shares jumped nearly 7% following an upgrade to buy from neutral from Bank of America. The firm said the health benefits assistance company has a “steady growth engine.”

Stem — Stem shares climbed 5%. Evercore ISI initiated coverage of the stock with an outperform rating, saying the energy storage company is a leader in a rapidly growing market given the rise in clean energy technologies. The firm said in a Tuesday note that Stem is “well-positioned to capture a significant market share,” and is a “growth story.”

Corning — Shares gained 2% a day after it announced it would hike prices for its display glass products by 20%. The company said the price adjustment is intended to offset ongoing high energy and materials costs. Corning said it expects demand to grow in the second half of 2023. 

Kohl’s – The retail giant got a 5% lift in its shares after it reported an unexpected first-quarter profit on Wednesday and reaffirmed its full-year outlook. The company said its stores have improved productivity and noted sustained momentum at Sephora at Kohl’s.

Agilent Technologies — Shares of the laboratory technology company declined almost 8%. On Tuesday, Agilent posted guidance for earnings and revenue in the fiscal third quarter was lower than anticipated, according to Refinitiv. However, the company posted beats on the top and bottom lines for the previous quarter.

Intuit — The tax software company’s shares declined 7% a day after Intuit issued quarterly results. While Intuit’s fiscal third-quarter earnings came above analysts’ estimates, the company reported a revenue miss, according to Refinitiv data. The company’s earnings outlook for the current quarter also missed analysts’ expectations. 

— CNBC‘s Samantha Subin, Alex Harring, Yun Li, Brian Evans, Jesse Pound and Tanaya Macheel contributed reporting

Stocks making the biggest moves premarket: Moderna, Kohl's, Intuit, Analog Devices & more

Stocks making the biggest moves premarket: Moderna, Kohl’s, Intuit, Analog Devices & more

People walk near a Kohl’s department store entranceway on June 07, 2022 in Doral, Florida.

Joe Raedle | Getty Images

Check out the companies making headlines in premarket trading Wednesday

Moderna The biotech company added 2.4% amid renewed Covid-19 concern in China after an uptick in infections.

V.F. Corporation Shares in the clothing and shoemaker added 3.3% on the back of better-than-expected fiscal fourth-quarter results. The company earned an adjusted 17 cents per share, topping a Refinitiv forecast of 14 cents per share. Revenue of $2.74 billion was also slightly above expectations.

XPeng The electric vehicle maker slipped 4.7% after an earnings miss. XPeng also issued weaker-than-expected revenue guidance for the second quarter. Still, CEO He Xiaopeng said he is “confident in taking our Company into a virtuous cycle driving product sales growth, team morale, customer satisfaction and brand reputation over the next few quarters.”

Palantir Technologies Shares were 2.2% lower in premarket trading, on pace for their first decline in three sessions. Cathie Wood’s Ark Invest recently bought more than $4 million worth of Palantir shares, the firm’s website showed.

Analog Devices — Analog Devices dropped 5.3% in premarket trading on the back of weaker-than-expected third-quarter guidance for the fiscal third quarter. Analog Devices expects adjusted earnings of about $2.52 per share in the third quarter, compared to forecasts for $2.65 per share, according to consensus estimates on FactSet. It expects revenue of around $3.10 billion, less than the $3.16 billion estimate. In a statement, CEO Vincent Roche said, “Looking to the second half, we expect revenue to moderate given the continued economic uncertainty and normalizing supply chains.”

First Horizon — The regional bank added 2.3% in premarket trading following an upgrade to buy from hold by Jefferies. The firm said the bank has top-tier capital strength and is at a discount to peers.

Palo Alto Networks — Shares of the cybersecurity rose nearly 5% in premarket trading after Palo Alto Networks reported a fiscal third quarter that topped analyst estimates. The company reported $1.10 in adjusted earnings per share on $1.72 billion of revenue. Analysts surveyed by Refinitiv had penciled in 93 cents of earnings per share on $1.71 billion of revenue. Palo Alto’s fourth-quarter earnings guidance was also higher than expected.

Kohl’s — The retailer popped more than 13% after reporting better-than-expected results and a surprise profit for the recent quarter. Kohl’s also reiterated previous guidance.

Intuit – The tax and accounting technology maker suffered a 5% drop after the company missed revenue expectations, according to Refinitiv, for its fiscal third quarter. That result was thanks in part to a decline in tax returns, Intuit reported.

— CNBC’s Jesse Pound, Samantha Subin, Alex Harring, Sarah Min and Tanaya Macheel contributed reporting

Stocks making the biggest moves after hours: Palo Alto Networks, Urban Outfitters and more

Stocks making the biggest moves after hours: Palo Alto Networks, Urban Outfitters and more

Construction workers build a Toll Brothers home in Boca Raton, Florida.

Joe Raedle | Getty Images

Check out the companies making headlines in extended trading.

Palo Alto Networks — Shares gained 3.5% after the company’s fiscal third-quarter earnings and revenue topped estimates. The cybersecurity company posted adjusted earnings of $1.10 per share and revenue of $1.72 billion. Analysts polled by Refinitiv had estimated earnings of 93 cents per share and $1.71 billion in revenue. The company’s earnings guidance for the fiscal fourth quarter also surpassed expectations. 

Urban Outfitters — The clothing retailer’s stock popped 6%. Urban Outfitters posted earnings of 56 cents per share in the first quarter. Analysts had expected earnings of 35 cents per share, according to Refinitiv. Revenue also beat expectations, with the company reporting $1.11 billion versus consensus estimates of $1.09 billion. 

Agilent Technologies — Shares of the laboratory technology company declined more than 6%. Agilent posted an earnings and revenue beat in the fiscal second quarter, according to Refinitiv. Guidance for earnings and revenue in the fiscal third quarter was lower than anticipated.

Intuit — The tax software company’s shares fell more than 5%. While Intuit’s fiscal third-quarter earnings beat estimates, revenue fell below expectations, according to Refinitiv. The company’s earnings outlook for the current quarter was also lower than what analysts had estimated.

Toll Brothers — Shares gained more than 3% after the company’s fiscal second-quarter earnings and revenue beat analysts’ estimates. The company said the increase in demand that started in January has continued into the start of its third quarter.

VF Corp. — The apparel company’s shares jumped 2% in extended trading. VF, whose brands include Smartwool and The North Face, posted adjusted earnings of 17 cents per share on revenue of $2.74 billion during its fiscal fourth quarter. Analysts were calling for earnings of 14 cents per share on revenue of $2.73 billion, according to Refinitiv.