Specific, Tesla, Snowflake, CrowdStrike & extra
Check out the companies making headlines before the bell on Thursday:
Express (EXPR) – Express shares fell 25% after the retailer reported a higher than expected profit loss. Express announced it lost $ 1.39 per share in the third quarter, compared to an estimated loss of 51 cents per refinitive. Sales also fell short of expectations.
Tesla (TSLA) – Tesla’s shares rose 4% after Goldman Sachs switched the electric automaker from “neutral” to “buy” and had more than 30% more shares ahead of them. The bank pointed to an accelerated shift towards the introduction of electric vehicles.
Dollar General (DG) – Dollar General’s shares were down 2% even after the discounter reported better-than-expected quarterly results. Sales in the same store increased approximately 14% between October 31 and December 1. The company posted earnings per share of $ 2.31 for the third quarter, which was above analysts’ expectations of $ 2.00 per share, according to Refinitiv.
Snowflake (SNOW) – Snowflake shares fell 2.6% after the software company reported its first quarterly results since going public. Snowflake sales increased 119% year over year for the third quarter of fiscal year compared to 121% in the previous quarter. Losses decreased from $ 1.92 per share in the year-ago quarter, while gross margin declined from 59.6% to 58.2%.
CrowdStrike (CRWD) – CrowdStrike’s shares rose more than 12% after the cybersecurity firm released quarterly results that exceeded expectations. CrowdStrike reported earnings per share of 8 cents on sales of $ 232.5 million. Analysts surveyed by Refinitiv had expected a slight loss and sales of USD 212.6 million.
Stitch Fix (SFIX) – Stitch Fix stocks fell nearly 4% after Wells Fargo downgraded the online personal styling company from “balanced” to “underweight.” The bank said the stock had “adverse risk / reward from here” after rallying 50% this year.
Splunk (SPLK) – Splunk shares fell 21% after the software company reported disappointing quarterly results. Splunk posted a loss per share of 7 cents compared to a FactSet estimate of 9 cents EPS. Sales were also below expectations.
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