Check out the companies making headlines in premarket trading: Intuit — Stock in the financial software firm pulled back about 3% after its earnings guidance for the current quarter missed analysts’ estimates. Intuit forecast second-quarter earnings of $2.55 to $2.61 per share, while analysts polled by FactSet were looking for a profit of $3.25 per share. Flutter Entertainment — Shares rose more than 1% after Goldman Sachs initiated coverage of the stock with a buy rating and a price target that reflects almost 20% upside from Thursday’s close. The bank cited stronger U.S. margins and share buybacks as catalysts for growth ahead. Gap — Shares of the clothing retailer surged more than 20% after the company upped its full-year outlook for the third time in 2024. Gap now expects sales to advance by 1.5% to 2%, compared with a previous outlook that said sales would be “up slightly” on the year. Ross Stores — Stock in the department store chain gained 7%. Ross’ third-quarter earnings of $1.48 per share surpassed the $1.40 forecast from analysts polled by LSEG. Revenue of $5.07 billion missed the $5.15 billion Wall Street estimate. NetApp — Shares of the data technology firm rose 7% on the heels of better-than-expected second-quarter results. NetApp earned $1.87 per share, after adjustments, on revenue of $1.66 billion, while analysts polled by LSEG were looking for a profit of $1.78 per share and revenue of $1.65 billion. Elastic — The software stock jumped 24% after the company posted an earnings beat. Adjusted earnings were 59 cents per share on $365 million of revenue. Analysts surveyed by LSEG were expecting 38 cents in earnings per share and revenue of $357 million. — CNBC’s Michelle Fox and Sean Conlon contributed reporting.
Add A Comment
About Us
Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
Popular Post
© 2025 Finderica.com – All rights reserved.