Check out the companies making the biggest moves in pre-market trading: Salesforce — The software company raised its fourth-quarter earnings outlook, sending its stock up nearly 2%. Salesforce currently expects revenue to be between $41.45 billion and $41.55 billion. Third quarter results were mixed. Snowflake — The cloud-based data storage company fell 8.6% as its product revenue growth outlook for the January quarter disappointed investors. However, Snowflake’s third-quarter results exceeded expectations. Toast — The payments technology company rose 2.8% following JPMorgan’s upgrade to Overweight. The company called Toast a “bona fide software payments leader.” Five Below — The discount retailer soared 4.5% after its third-quarter results beat expectations. Adjusted earnings came to 68 cents per share, nearly triple the 24 cents expected by analysts polled by LSEG. Five Below’s sales of $1.04 billion also beat the consensus estimate of $980 million. nCino — Shares rose 8% after the cloud banking solutions company raised its outlook for next year. The company now expects 2026 earnings to be 90 cents to 91 cents a share, excluding certain items, compared with its previous outlook of 77 cents to 80 cents a share. Hormel Foods — Shares rose 6.5% after the Spam maker reported disappointing sales in its latest quarter but signaled an improvement next year. Hormel said full-year earnings excluding items could reach as much as $1.51 a share, compared with the $1.45 a share expected by analysts polled by FactSet. UiPath — Software shares rose 8% after the company reported better-than-expected third-quarter results. The company’s adjusted earnings of 16 cents per share on revenue of $411 million beat the 15 cents per share and $393 million in revenue that analysts surveyed by LSEG had expected. Dollar General — Shares rose nearly 6% after the discount chain raised its full-year outlook. Dollar General now expects earnings per share of $5.60 to $5.80, beating previous guidance of $5.32 to $5.72 per share and beating the Street consensus estimate of $5.53. The company’s third-quarter results also exceeded expectations. — CNBC’s Alex Harring and Liz Napolitano contributed reporting
