Check out the companies that are making the headlines in pre-trading.
Snowflake – The cloud data company’s stocks rose more than 13% after the company released quarterly results that beat revenue estimates. Snowflake also reported revenue of $ 334 million for the third quarter, surpassing the analysts surveyed by Refinitiv forecasting $ 306 million.
Boeing – The aircraft maker’s shares rose 4.4% after China’s aviation authority cleared the Boeing 737 Max for return to flight on Thursday. This model was on the ground for more than two years after two fatal crashes worldwide.
Signet Jewelers – Signet Jewelers’ shares rose roughly 3% pre-IPO after the company released a better-than-expected earnings report. Signet posted earnings of $ 1.43 per share, 71 cents more than Refinitiv’s consensus estimate. Sales were also higher than forecast. Signet has raised its forecast for fiscal year 2022.
Apple – Apple shares fell 3% after the company told some of its suppliers that demand for iPhone 13 models could slow, according to a report by Bloomberg. It previously expected the reduction in its original production target to be caught up in 2022, but said it may not happen now.
Five Down – The retailer’s shares rose more than 9% after announcing quarterly results that outperformed both profits and sales. Refinitiv also saw sales in like-for-like stores grow 14.8%, beating estimates of 5.3%.
Okta – The identity company’s shares were up 2.5% on the company’s quarterly results. Okta posted a quarterly loss of 7 cents per share, which is less than analysts’ estimated loss of 24 cents per share. It also beat sales estimates and released a fourth quarter forecast above estimates.
Lands ‘End – Lands’ End saw its stocks fall more than 14% in early morning trading after reporting lower-than-expected sales in the third quarter. The clothing retailer had sales of $ 375.8 million versus StreetAccount’s consensus estimate of $ 398 million. Lands’ End earned 22 cents a share, in line with projections. The company also released a fourth quarter earnings and sales forecast that was below expectations.
Dollar General – Dollar General’s shares fell 1.7% after the company announced plans to open 1,000 Popshelf stores by the end of fiscal 2025. The vision for Popshelf, aimed at wealthier suburban shoppers, was announced a year ago. There are currently 30 popshelf stores in six states.
– CNBC’s Hannah Miao contributed to the coverage.