Stocks making the biggest moves premarket: AutoZone, HD Supply, Stitch Fix, Chewy & more


Check out the companies making headlines before the bell:

AutoZone (AZO) – The auto parts retailer earned $14.30 per share for its first quarter, better than the $13.74 per share consensus estimate. Revenue beat forecasts as well, and comparable-store sales rose 3.4% versus the 2.5% rise expected by analysts surveyed by Refinitiv.

HD Supply (HDS) – The industrial distributor beat estimates by a penny a share, with adjusted quarterly profit of $1.01 per share. Revenue came in slightly above estimates as well. The consensus-beating performance came despite what the company calls a “challenging” environment.

Stitch Fix (SFIX) – Stitch Fix reported a breakeven quarter, compared to estimates of a 6 cents per share loss. The online clothing styling service reported better-than-expected revenue.

Chewy (CHWY) – Chewy lost 20 cents per share for its third quarter, 4 cents a share wider than analysts had been anticipating. The online pet products seller reported better-than-expected revenue, however, and raised its full-year sales guidance.

Toll Brothers (TOL) – Toll Brothers beat estimates by 11 cents a share, with fiscal fourth-quarter profit of $1.41 per share. The luxury home builder’s revenue beating estimates as well, and the company is forecasting current-quarter home deliveries above consensus.

Agilent (A) – Pershing Square Capital took a new position in the testing equipment maker, according to a Securities and Exchange Commission filing. The stake is currently worth about $246 million.

Netflix (NFLX) – Needham downgraded the video streaming service’s stock to “underperform” from “hold,” based on anticipated subscriber losses amid increasing competition in the streaming market.

Sanofi (SNY) – Sanofi announced plans to stop investing in diabetes research. The French drugmaker is trying to focus on specialized disease categories such as cancer.

READ  China's factory activity shrinks for fourth month as trade woes deepen

NortonLifeLock (NLOK) – NortonLifeLock is drawing takeover interest from a number of companies, including cybersecurity software rival McAfee. That’s according to The Wall Street Journal, which also said there is no guarantee a deal will be struck and that none is likely before the first quarter of 2020.

Comcast (CMCSA) – Comcast plans to spend $2 billion on content and marketing for its Peacock streaming service, according to Chief Financial Officer Michael Cavanagh. The NBCUniversal and CNBC parent will debut the Peacock service in April.

PG&E (PCG) – PG&E plans to take a $4.9 billion charge against current-quarter earnings, in connection with the $13.5 billion settlement with wildfire victims. That would bring the total fire-related charges for the utility to $25 billion.

Lululemon (LULU) – Lululemon Chief Operating Officer Stuart Haselden will leave the apparel maker in January to become Chief Executive Officer at privately owned luggage company Away.

MongoDB (MDB) – MongoDB reported an adjusted quarterly loss of 26 cents per share, 2 cents a share smaller than Wall Street had anticipated. The database platform company’s revenue also come in above estimates, and it provided a better-than-expected outlook.

Casey’s General Stores (CASY) – Casey’s beat estimates by 6 cents a share, with quarterly earnings of $2.21 per share. The convenience store operator’s revenue was below consensus and it lowered its full-year outlook.

Vail Resorts (MTN) – The resort operator lost $2.64 per share for its fiscal first quarter, smaller than the $2.90 per share loss that analysts were anticipating. Revenue beat Wall Street forecasts, and the company said season pass sales were up 17% from a year ago in terms of dollar value and 22% by the number of passes sold.

READ  Car sales: September figures deepen industry gloom



READ SOURCE

LEAVE A REPLY

Please enter your comment!
Please enter your name here