Check out the companies that make headlines in pre-market transactions. Macy’s – Department Store added more than 2% after the company reported revenues that beat the estimate. Macy’s also reduced profit outlook as a result of increased tariffs and more aggressive company promotions. OKTA – Identity Management Software Company has pulled back about 10% after enduring guidance, citing macroeconomic uncertainty. However, the company defeated first quarter forecasts on the top and bottom lines. After a downgrade to keep from a purchase at FreshPet – TD Cowen, the pet food stock was soaked by nearly 2%. The investment company said FreshPet’s refrigerated dog food concept is “closing a saturation point,” and that sales growth could slow. Bale Resort – Ski Resort Company stocks skyrocketed over 12% shortly after the news that Rob Katz returned as CEO. Katz, the executive chair of Vail Resorts, previously served as CEO from 2006 to 2021. He replaced Kirsten Lynch. Abercrombie & Fitch – Retailers rose more than 26% after quarter results surpassed analyst estimates. Abercrombie won $1.69 per share with $1.1 billion in revenue. Analysts voted by FactSet were looking for $1.36 per share and revenues of $1.06 billion. The company also issued a higher than expected second quarter revenue perspective. Dick’s Sporting Goods – The sports equipment chain rose 4% after Dick reported better first quarter results than expected. The company recorded revenue of $3.37 million, earnings per share excluding items. Analysts voted by FactSet were looking for earnings of $3.21 per share and $3.12 billion in revenue. Dick also reaffirmed his full year outlook. Noble Corporation – The offshore drilling contractor’s stock has earned almost 2% after JPMorgan upgrades were upgraded from neutral to overweight. The company said it was seeing signs of stabilization in offshore drilling, citing Noble’s new contracting activities. Box – Shares rose nearly 11% following the cloud storage company’s revenue and revenue beat in the fiscal first quarter. Box also issued quarter and full-year guidance that exceeded expectations. NVIDIA – The shares were acquired about 1% ahead of the first quarter results scheduled after the Wednesday deadline. Investors are looking for information on export restrictions to China and their impact on chips. Joby Aviation – Air stocks have won over 10% after the company announced the closure of its first tranches of its $250 million investment from Toyota. This is part of a total of $500 million investments originally announced last year. GameStop – Video game retailer added over 3% after announcing nearly 5,000 Bitcoin purchases. – Reported by CNBC’s Sean Conlon, Jesse Pound and Michelle Fox.
