Check out the companies making the biggest moves in pre-market trading: BJ’s Wholesale Club — The warehouse giant fell 4.5% after its full-year earnings guidance fell short of expectations. BJ’s Wholesale expects adjusted earnings to be between $4.40 and $4.60 per share, compared with the consensus estimate of $4.66 per share, according to FactSet. However, profits and sales for the fourth quarter exceeded expectations. Trade Desk — Shares soared 19% after The Information reported that OpenAI was in early talks with Trade Desk to sell ads. Broadcom — The leading chipmaker soared 6.4% after reporting strong first-quarter results, including a 29% year-over-year increase in revenue. The company’s adjusted earnings per share of $2.05 and revenue of $19.31 billion beat analysts’ estimates of earnings of $2.03 per share and revenue of $19.18 billion, according to LSEG. Earnings guidance for the current quarter also exceeded expectations. Okta — Okta beat Wall Street’s fourth-quarter expectations, sending shares of the identity security provider up 1.5%. According to LSEG, Okta reported adjusted earnings of 90 cents per share on revenue of $761 million, beating analysts’ estimates for the same period of 85 cents per share and revenue of $749 million. ChargePoint – Shares of the electric vehicle charging station company fell about 2%. ChargePoint said it expects first-quarter revenue to be in the range of $90 million to $100 million, falling short of the FactSet consensus call of $104.5 million. Veeva Systems — The cloud solutions provider reported better-than-expected results in the fourth quarter, sending its stock up 10%. Veeva Systems reported adjusted earnings of $2.06 per share, beating analysts’ expectations of $1.93 per share, according to LSEG. The company’s revenue was $836 million, also beating the consensus estimate of $811 million. StubHub — Secondary ticketing market share price fell 15%. Fourth-quarter revenue was $449 million, below LSEG’s consensus estimate of $484 million. The company’s adjusted earnings before interest, taxes, depreciation and amortization were $62.7 million, broadly in line with expectations. Rigetti Computing — The quantum computing stock fell about 4%. The adjusted loss of 3 cents per share was in line with the FactSet consensus, but revenue of $1.9 million was below expectations of $2.3 million. American Eagle — The clothing retailer’s stock fell nearly 3%. American Eagle exceeded fourth-quarter profit and revenue expectations, supported by growth in the Airy brand. Astera Labs — The chipmaker rose more than 3% after Loop Capital called for the stock to more than double its current level. “ALAB has the opportunity to span essentially every generation of AI silicon flavor (GPU, Tranium, TPU, and other XPUs) with solutions that address the most important ‘pain points’ within the AI server and cluster experience. ” says the research firm. BURLINGTON STORE — The company rose 7% after reporting higher profits and sales in its fourth-quarter report Thursday morning. Guidance for the quarter and full year is broadly in line with expectations, and the company said in a press release that it believes there is upside to expectations, according to FactSet.SIENA — The stock fell nearly 4% despite the networking company’s first-quarter earnings and revenue beats. Ciena stock has soared more than 350% in the past year due to demand for artificial intelligence data centers. Berkshire Hathaway — Class B shares soared more than 1% after the conglomerate announced in a filing that it would buy back its own stock for the first time since 2024. CEO Greg Abel also announced that he had purchased $15 million worth of stock. JD.com — JD.com’s U.S.-listed shares fell about 1% after the Chinese online retailer reported its first quarterly loss in nearly four years. Sales rose 1.5% to 352.3 billion yuan, and the company reported a quarterly net loss of 2.7 billion yuan. —CNBC’s Fred Imbert, Davis Giangiulio and Liz Napolitano contributed reporting.
