Stocks making the biggest moves premarket: CRM, AEO, HPE
Check out the companies making headlines before the bell. Salesforce — The cloud company slipped 7% after Salesforce guided for third-quarter revenue to come in between $10.24 billion and $10.29 billion, lower than the $10.29 billion analysts polled by LSEG had estimated. However, Salesforce posted a second-quarter beat on both the top and bottom lines. American Eagle — Shares surged 26% after the apparel retailer posted second-quarter earnings of 45 cents per share on revenue of $1.28 billion. Analysts had expected earnings of 21 cents per share and revenue of $1.24 billion, per LSEG. The company’s second-quarter beat can be partially attributed to an advertising campaign with actress Sydney Sweeney, which American Eagle called one of its “best” to date. C3.ai — The maker of custom AI applications plunged 12% after it posted a fiscal first-quarter adjusted loss that was wider than analysts had predicted. Revenue also came in below expectations. On top of that, the company withdrew its previous full-year guidance as it appointed a new CEO and restructured its sales and services organization. Figma — The design software maker plunged 15% after releasing quarterly results for the first time since going public. Figma broke even on the bottom line, while revenue of $249.6 million exceeded an LSEG estimate of $248.8 million. Hewlett Packard Enterprise — The enterprise information technology company added 4% after its fiscal third-quarter earnings came in at 44 cents, above the 43 cents analysts polled by LSEG had expected. Hewlett Packard’s $9.14 billion revenue also beat forecasts calling for $8.53 billion. The company also raised its full-year earnings guidance. Asana — Shares popped 8% after the work management company reported second-quarter adjusted earnings of 6 cents on revenue of $197 million, higher than the respective 5 cents and $193 million analysts surveyed by LSEG had expected. PagerDuty — The SaaS-based digital operation software provider shed 3% after it posted second-quarter revenue of $123 million, coming in below the expected $124 million, per LSEG. The company also lowered the top end of its full-year revenue range, and now sees sales coming in between $493 million to $497 million. Analysts had estimated revenue to come in at $497 million. Gitlab — The developer tools software maker fell 8% after issuing third-quarter revenue guidance of between $238 million to $239 million, below the estimated $242 million. Gitlab also now sees full-year revenue of between $936 million and $942 million, while analysts had estimated $941 million, per LSEG. The company’s CFO, Brian Robins, will also resign effective Sept. 19. However, Gitlab posted a second-quarter earnings and revenue beat. Credo Technology — Shares jumped 12% after the data infrastructure stock posted fiscal first-quarter adjusted earnings of 52 cents, higher than FactSet’s consensus of 36 cents. The company’s $223.1 million revenue also exceeded expectations of $190.6 million. Credo’s second-quarter revenue guidance came in between $230 million and $240 million, while analysts had expected $201.9 million, per FactSet. Toyota Motor , Honda Motor — The Japanese automakers advanced 2% and 1%, respectively, after Reuters reported that Japan and the US were nearing a deal to lower auto tariffs, citing a Japanese government source. A lower levy than the current U.S. tariff rate on Japanese cars of between 15% to 27.5% could take effect by the end of the month, the source said. Brinker International — The parent company of Chili’s and Maggiano’s Little Italy popped 4% following an upgrade to outperform from in line from Evercore ISI. As catalysts for the upgrade, the bank cited sustainable same-store sales growth potential and ongoing marketing efforts. Tesla — The electric vehicle maker added 1% after Tesla Robotaxi announced that its app was now “available to all.” In a post on X , the company wrote that access would be soon expanding, and that potential users could download the app now to join the waitlist. — CNBC’s Fred Imbert contributed reporting.
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