Take a look at some of Primarkt’s biggest drivers:
Nordstrom – Retail stock rose 30.5% in pre-market trading after the company posted better than expected Fourth quarter results. Nordstrom reported earnings of $1.23 per share versus the Refinitiv consensus estimate of $1.02. Revenue also exceeded expectations. The retailer highlighted improvements in its non-price business, Nordstrom Rack.
sales force Salesforce shares rose 4% in Primarket after the software company Fourth Quarter Report It beat Wall Street expectations and issued optimistic guidance. The company reported adjusted earnings of 84 cents per share on revenue of $7.33 billion. Analysts expected earnings of 74 cents per share on revenue of $7.24 billion, according to Refinitiv.
stronghold Ford shares rose 4% in pre-market trading after the automaker announced it would do so Division of electric vehicles and old business in separate units. The company expects the move will streamline its growing electric car business and increase profits.
SoFi Shares of the digital financial services company rose 15.5% after the SoFi quarterly report. SoFi posted a loss of 15 cents per share on revenue of $279.9 million versus Refinitiv’s consensus estimate of a loss of 17 cents per share on revenue of $279.3 million.
Ross Stores Ross Stores added 6.3% in pre-market trading after beating earnings. The retailer reported fourth-quarter earnings of $1.04 per share and revenue of $5.02 billion. Analysts expected earnings of 87 cents per share on revenue of $4.96 billion.
Hewlett Packard Foundation Hewlett Packard shares added 5.5% before marketing after the company reported a slight profit outperformance in the fourth quarter, but quarterly revenue lost. Earnings per share of 53 cents for the quarter beat analysts’ estimates by 7 cents. Revenue of $6.96 billion was below expectations of $7.03 billion.
Abercrombie and Fitch – Shares of Abercrombie & Fitch fell 8.1% early in the market after the retailer missed higher and lower estimates. The company reported adjusted earnings of $1.14 per share on revenue of $1.16 billion. Analysts expected earnings of $1.27 per share on revenue of $1.18 billion, according to StreetAccount.
First Solar First Solar’s shares sank 12.4% at the start of the market after the company Loss of revenue forecasts for the fourth quarter. The solar panel manufacturer also issued weak guidance for the full year.
dollar tree Dollar Tree shares rose 1% before marketing after a better-than-expected fourth-quarter report. The company reported earnings of $2.01 per share against the StreetAccount consensus estimate of $1.78 per share. Revenue slightly missed analyst estimates.
kings DraftKings shares rose 2.3% before the bell after Morgan Stanley ranked the sports betting stock as the best. “We expect the US online sports betting/iGaming market to be very large, with a few market share winners, including DKNG,” said Morgan Stanley.
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