Check out the businesses making headlines earlier than the bell. Palo Alto Networks — Shares of the cybersecurity firm dipped 3.7% after Palo Alto Network’s gross margin for the fiscal third quarter got here out beneath estimates . The firm nonetheless beat on earnings and income expectations, nevertheless. UnitedHealth — Shares dropped greater than 6% after HSBC downgraded the medical insurance big, saying valuations are nonetheless elevated regardless of a latest rout. Target — The retailer’s inventory slipped 3.5% after Target missed first-quarter income estimates and lower its full-year gross sales outlook. Executives blamed tariff uncertainty, weaker discretionary spending and backlash to the corporate’s rollback of key range, fairness and inclusion efforts for its efficiency. Lowe’s — Shares of the house enchancment retailer rose 2%. Lowe’s reaffirmed its full-year forecast , placing the retailer on observe for year-over-year gross sales development. Lowe’s additionally reported earnings of $2.92 per share, beating an LSEG estimate of $2.88 per share. Revenue of $20.93 billion got here out simply shy of the $20.94 billion anticipated. Toll Brothers — The homebuilder rose greater than 4% after fiscal second-quarter outcomes topped expectations. Toll Brothers reported $3.50 in earnings per share on $2.74 billion in income. Analysts surveyed by LSEG had been on the lookout for $2.83 per share in earnings and $2.48 billion in income. Carter’s — Shares of the kids’s clothes firm slid about 6% after Carters lower its quarterly dividend to 25 cents per share, down from 80 cents per share. The firm’s chief govt stated in a launch that Carter’s dividend was misaligned with its degree of profitability in opposition to the present market atmosphere, and that larger tariffs could lead on Carter’s to incur considerably larger product prices. Wolfspeed — Shares of the semiconductor provider plunged greater than 60% after The Wall Street Journal reported , citing sources acquainted with the matter that Wolfspeed is getting ready to file for chapter inside weeks. Xpeng — The Chinese EV maker rose than 5% within the premarket after a smaller-than-expected loss for the primary quarter . Xpeng added it expects to ship between 102,000 and 108,000 automobiles within the second quarter. That represents a year-over-year enhance of greater than 200%. — CNBC’s Sarah Min and Jesse Pound contributed reporting.
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