Check out the companies making the biggest pre-market moves: Lululemon Athletica — Shares fell 13% after the athleisure company lowered its full-year earnings and revenue outlook, citing headwinds. According to LSEG, the company’s profit and revenue outlook for the current quarter also fell short of analysts’ expectations. Docusign — The software stock fell 4% as Docusign’s outlook failed to impress on the street. The company expects second-quarter revenue to be in the range of $865 million to $869 million, including LSEG’s consensus estimate of $866 million. Chip stocks — Many companies that fell sharply on Thursday following Broadcom’s earnings report appear on track to fall again on Friday. Broadcom itself fell 1% again after falling 12.5% the previous day. Advanced Micro Devices fell nearly 3% and Intel fell more than 2.5%. My arm slipped 5%. Nvidia fared better, falling only 1%. Memory stocks — Chipmakers’ decline on Thursday extended to memory stocks, which continued in Friday’s premarket trading. Micron Technology and Lam Research fell 3%, and Seagate Technology fell 2.5%. SanDisk fell 1.5%. Cooper Companies — Shares rose about 5% after the medical device company reported second-quarter adjusted earnings per share of $1.21, beating consensus estimates of $1.10 per share, according to FactSet. Cooper Companies also posted revenue of $1.08 billion, which was higher than the $1.05 billion expected by analysts. Guidewire Software — The software stock fell 14%. According to Street accounts, Guidewire posted an adjusted gross margin of 66.4% in the third quarter, compared to analysts looking for 67%. However, the company exceeded expectations in sales and final profit for the latest period. Chipotle Mexican Grill — 1.5% after the stock was upgraded from equal weight to overweight by JPMorgan. The bank said it believes the stock has more upside potential than downside, given the company’s same-store sales growth in the first quarter. Argan — The construction engineering company’s stock rose 11%. First-quarter results exceeded expectations, with Argan reporting revenue of $291 million, or $3.24 per share. Analysts polled by FactSet had expected earnings of $2.31 per share and revenue of $256 million. ServiceTitan — The contractor-focused software platform provider saw its stock price rise 16%. ServiceTitan has raised its full-year outlook and now expects adjusted operating income to be in the range of $142 million to $147 million. This beats prior expectations of $128 million to $133 million and the FactSet consensus call for $131.6 million. Crypto Stocks — As the price of Bitcoin fell another 2% to below $63,000, stocks exposed to crypto fell with it. Cryptocurrency treasury firm Strategy, which caused the plunge after selling a small amount of its Bitcoin holdings, also fell 2%. Trading platforms Coinbase and Robinhood both fell 1.5%. —CNBC’s Lisa Kailai Han and Darla Mercado contributed reporting
