Check out the businesses making headlines earlier than the bell: Advance Auto Parts — Shares surged greater than 30% after Advance Auto Parts topped first-quarter expectations. The auto components firm posted an adjusted lack of 22 cents per share, narrower than the lack of 82 cents per share analysts polled by LSEG had anticipated. Revenue of $2.58 billion exceeded the $2.50 billion consensus estimate. Nike — The footwear inventory added virtually 1% after the corporate mentioned it will resume gross sales on Amazon . Nike had beforehand been a “gated” model on the location, which suggests gross sales had been extremely restricted, after the model stopped direct gross sales by way of the e-commerce website in 2019. The firm additionally plans to lift costs on choose merchandise . Health insurance coverage shares — The Centers for Medicare & Medicaid Services introduced an aggressive growth of Medicare Advantage audits sending shares of well being insurers decrease. Humana shares dropped greater than 6%. CVS Health fell virtually 4%. UnitedHealth Group declined greater than 3%. Analog Devices — Shares popped 3% after the semiconductor manufacturing firm beat fiscal second-quarter expectations. Analog Devices earned $1.85 per share, excluding gadgets, on income of $2.64 billion. Analysts polled by FactSet anticipated earnings of $1.70 per share on income of $2.51 billion. Urban Outfitters — The attire retailer soared 17% after reporting earnings of $1.16 per share in its final quarter, which exceeded the 84 cents per share analysts had forecast, per LSEG. Revenue of $1.33 billion additionally got here in increased than the $1.29 billion Wall Street had anticipated. Lumen Technologies — The telecommunications inventory rallied 9% after AT & T agreed to amass considerably all of Lumen’s mass markets fiber web connectivity enterprise. The $5.75 billion deal is ready to shut within the first half of 2026. Shares of AT & T had been little modified. Snowflake — Shares jumped 8% after the cloud-based knowledge storage firm posted stable earnings in its first quarter. Adjusted earnings of 24 cents per share topped the 21 cents per share anticipated by analysts polled by LSEG. Second-quarter product income steerage additionally exceeded expectations. Sunrun – The rooftop photo voltaic installer fell greater than 30% because the House Republican tax invoice is worse than feared for clear vitality. Solar shares broadly bought off with Enphase and SolarEdge down greater than 17%. Array Technologies was down greater than 10% and Nextracker fell about 4%. First Solar was buying and selling about 1% decrease. Zoom Communications — Shares slipped lower than 1% regardless of a first-quarter earnings beat and an upbeat forecast. Zoom earned $1.43 per share, excluding gadgets, whereas analysts forecasted $1.31 a share. Revenue got here in step with the Street’s consensus at $1.17 billion. Pitney Bowes — Shares gained greater than 9% after the transport and mailing firm mentioned sitting director Kurt Wolf was appointed as its new chief govt. He replaces Lance Rosenzweig, who’s retiring from his function as CEO however will keep on as a advisor to the corporate. — CNBC’s Lisa Han, Alex Harring and Jesse Pound contributed reporting.
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