Stocks making the biggest moves premarket: Ross Stores, Intuit, Workday, Guardant Health and more
Check out the companies making headlines in premarket trading: Intuit — The TurboTax parent company slipped nearly 6% after issuing weaker-than-expected fiscal fourth-quarter guidance . Intuit forecast adjusted earnings of $1.80 per share to $1.85 per share, while analysts surveyed by FactSet expected $1.92. Ross Stores — The discount apparel retailer stock added more than 7% on the heels of an earnings beat. The company notched earnings of $1.46 per share on $4.86 billion in revenue, while analysts polled by LSEG forecast $1.35 in earnings per share and $4.83 billion in revenue. Workday — The enterprise management company pulled back more than 11% after subscription revenue guidance for the second quarter slightly undershot analysts’ estimates. Workday forecast subscription revenue of $1.895 billion, while the consensus forecast called for $1.9 billion, according to StreetAccount. Cash from operations also disappointed, coming in at $372 million, while analysts anticipated $397.2 million. Deckers — Shares of the shoe and apparel company rose 8% after a big fiscal fourth-quarter beat. Deckers reported $4.95 in earnings per share on $960 million of revenue. Analysts surveyed by LSEG were looking for $2.89 in earnings per share on $888 million of revenue. Nvidia — The chipmaker ticked up 1% before the opening bell. Shares of the artificial intelligence darling reached an all-time high a day earlier and closed above the $1,000 level for the first time. Guardant Health — Shares of the biotechnology company climbed more than 13% after the U.S. Food and Drug Administration determined the benefits from the company’s colorectal cancer blood test, Shield, outweigh the risk. — CNBC’s Jesse Pound contributed reporting. Correction: Intuit issued weaker-than-expected earnings guidance for the fiscal fourth quarter. A previous version misstated the period. This post has been syndicated from a third-party source. View the original article here.
