Check out the companies making headlines before the bell.
best buy (BBY) – Best Buy is up 7% in premarket after third-quarter results beat analyst expectations. Same-store sales at consumer electronics retailers also fell short of expectations. Discounts help keep customers flowing to stores, and Best Buy also raised its forecast for the full year.
dick sports equipment (DKS) – The sporting goods retailer reported better-than-expected third-quarter profit and earnings, along with an unexpected increase in same-store sales. The company also revised its full-year earnings forecast upward. Dick’s plunged negative after surging his 7%-plus in pre-market trading.
dollar tree (DLTR) – Dollar Tree beat its latest quarter’s sales and bottom line earnings, down 4.4% in the premarket despite better-than-expected same-store sales. Discount retailers are projecting full-year earnings in the lower half of their previous guidance ranges.
Abercrombie & Fitch (ANF) – Abercrombie & Fitch surges 12.8% in premarket action after reporting unexpected quarterly earnings and beating the Streets earnings forecast. The apparel retailer confirmed a resurgence in demand for clothing items such as jeans and dresses as consumers returned to work and attended social events.
medtronic (MDT) – The medical device maker’s shares fell 3% in pre-market trading after reporting a marginal gain in earnings that fell short of consensus expectations. Medtronic’s results were hit by a strong US dollar and a slower-than-expected recovery in procedures using the company’s device.
zoom video communication (ZM) – Zoom fell 9.3% in premarket after issuing weaker-than-expected guidance for the quarter. Videocom companies reported better-than-expected results in the most recent quarter, but the overall growth seen during the pandemic slowed significantly.
Dell Technologies (DELL) – Dell fell 1.6% in pre-market trading amid weaker-than-expected sales forecasts for the quarter. Dell beat analyst expectations for the third quarter, but said the economic slowdown, inflation and other economic factors will weigh on customer spending.
urban outfitters (URBN) – Urban Outfitters reported quarterly earnings just below estimates, while apparel retailer earnings beat Street estimates. The company said it was encouraged by the trends seen so far this holiday season: Urban Outfitters saw its stock rise 2.2% in premarket actions.
Agilent Technologies (A) – Agilent jumped 4.4% in after-hours trading after the lab instrument maker reported better-than-expected quarterly results. Agilent sales increased across all business units during the fourth quarter.
