Check out the companies making headlines before the bell. MongoDB – The database software maker tumbled 18% after issuing weak guidance for fiscal 2026. MongoDB anticipates adjusted earnings per share of $2.44 to $2.62, below the $3.34 per share expected from analysts polled by LSEG. It guided for revenue of $2.24 billion to $2.28 billion, versus the $2.32 billion consensus estimate. Marvell Technologies – Shares of the semiconductor company slid 18% after reporting a modest beat for its fourth quarter results. Marvell reported 60 cents in adjusted earnings per share on $1.82 billion of revenue. Analysts surveyed by LSEG were expecting 59 cents per share on $1.80 billion of revenue. Barclays suggested in a note to clients that strong results for other Amazon supply chain companies had raised expectations for Marvell ahead of the report. JD.com – U.S. shares of the Chinese e-commerce company jumped 5% after the company’s fourth-quarter earnings and revenue topped Wall Street’s expectations, per FactSet. JD.com also announced that its board of directors approved an annual cash dividend for the year ended Dec. 31, 2024. Zscaler – The cloud security company gained more than 3% following its latest quarterly results. Zscaler posted adjusted earnings of 78 cents per share on revenue of $648 million for its fiscal second quarter, while analysts surveyed by LSEG were expecting 69 cents per share on revenue of $636 million. Rigetti Computing – Shares fell more than 12% on the back of the company’s fourth-quarter results missing analysts’ expectations. Rigetti posted a loss of 68 cents per share on revenue of $2.3 million. Analysts polled by FactSet expected a loss of 7 cents per share and $2.5 million in revenue, according to FactSet. Macy’s – The stock shed 3% on the heels of the retailer’s fourth-quarter revenue missing Wall Street’s expectations. For the period, Macy’s posted $7.77 billion, below the $7.87 billion that analysts surveyed by LSEG were expecting. Additionally, the company issued weak full-year guidance, expecting adjusted earnings of $2.05 to $2.25 per share compared to the $2.29 per share that analysts polled by FactSet were expecting. Veeva Systems – The stock surged more than 5.5% after the company’s earnings and revenue for the fourth quarter beat analysts’ estimates. Veeva also posted strong guidance for the current quarter. Grindr – Shares of the LGBTQ social network and dating app plummeted more than 8% after the company posted a full-year net loss of $131.0 million. That’s wider than the $55.8 million net loss the company saw the year before. Amazon – Shares of the megacap technology company pulled back more than 1.8%, giving back some of its 2.2% gain from the previous session. The stock is on pace to close the week in the red, falling nearly 2% week to date. Alibaba – U.S. shares advanced 1% after the Chinese e-commerce giant unveiled its latest artificial intelligence reasoning model , which it claims could rival DeepSeek’s model. Victoria’s Secret – Shares fell more than 4% after the lingerie retailer on lighter-than-expected guidance for the current quarter. Victoria’s Secret sees revenue coming in between $1.3 billion to $1.33 billion in the first quarter, versus estimates calling for $1.39 billion, per LSEG. Management cited an uncertain macro backdrop and shifts in consumer confidence. — CNBC’s Jesse Pound, Hakyung Kim and Michelle Fox Theobald contributed reporting.
#Stocks #making #biggest #moves #premarket #Marvell #Technology #MongoDB #Macys #Alibaba
MongoDB Inc,Marvell Technology Inc,JD.Com Inc,JD.Com Inc,Zscaler Inc,Rigetti Computing Inc,Veeva Systems Inc,Grindr Inc.,Alibaba Group Holding Ltd,Alibaba Group Holding Ltd,Victoria's Secret & Co,Macy's Inc,Amazon.com Inc,United States,Dividends,Earnings,Breaking News: Markets,Economy,Breaking News: Economy,Stock markets,Market Insider,Markets,regwall-marketmovers,business news
latest news today, news today, breaking news, latest news today, english news, internet news, top news, oxbig, oxbig news, oxbig news network, oxbig news today, news by oxbig, oxbig media, oxbig network, oxbig news media
HINDI NEWS
News Source
