HomeWorld NewsStocks making the biggest moves in the premarket: Lowes, Target, TJX and...

Stocks making the biggest moves in the premarket: Lowes, Target, TJX and more – Latest US News Hub

Check out the companies making headlines ahead of the hour:

Lowe’s (LOW) – Lowe’s rose 1% in the premarket after reporting quarterly earnings of $4.67 per share, beating estimates by 9 cents. The home improvement retailer saw both revenue and comparable store sales come in below analyst forecasts but predicted full-year revenue would come in at the top of its guidance range.

Target (TGT) – Target fell 3.3% in premarket trading after the retailer reported quarterly earnings of 39 cents per share, well short of the 72-cent consensus estimate. Target’s revenue matched estimates, but it cut prices significantly in the quarter to reduce excess inventory. Target said its operating margin rate of 1.2% in the second quarter should improve to about 6% in the latter half of the year.

TJX ( TJX ) – The parent of the TJ Maxx and Marshalls retail chain reported quarterly profit of 69 cents per share, beating estimates by 3 cents, but revenue and comparable store sales came in below expectations. TJX also cut its full-year forecast, saying inflation has affected its customers’ spending habits, and the stock fell 1.2% in the premarket.

Krispy Kreme (DNUT) – Krispy Kreme fell 14.7% in premarket shares after the donut chain reported lower-than-expected profit and revenue for the second quarter. Krispy Kreme said it has seen significant reductions in product costs in recent weeks.

Manchester United (MANU) – Manchester United rose 4.6% in the premarket after Elon Musk tweeted that he was buying a British soccer team and then said he was joking.

Bed Bath & Beyond (BBBY) – Bed Bath & Beyond rose 22.8% in the pre-market after registering more than 20% gains in each of the past three sessions. Shares of the retailer — popularly known to “meme stock” investors — have risen in 14 of the past 15 sessions, more than quadrupling their value during that stretch.

Agilent Technologies (A) – Agilent rose 6.6% in premarket trading after the life sciences and diagnostics company reported better-than-expected quarterly profit and revenue. Agilent also raised its full-year forecast on strong order flow.

Southwest Gas ( SWX ) – Southwest Gas rose 4.7% in premarket action after investor Carl Icahn raised his stake in the utility company to 8.7% from 7.6%.

Sanofi ( SNY ) — Sanofi shares fell 5.4% in premarket trading after the French drugmaker halted development of breast cancer treatment amcenestrant. This was suspended after a trial showed no signs that the drug was effective.

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