Stocks making the biggest moves premarket: BMBL, HIMS, OWL, NTSK
Check out the companies making headlines before the bell. Bumble — Bumble shares popped about 21% after the dating app reported strong adjusted EBITDA and revenue results for its fourth quarter. Its first-quarter adjusted EBITDA guidance also beat analyst consensus expectations, per FactSet. Netskope — Shares of the security and networking company plunged 17% on the back of weak guidance. Netskope said it expects to see an adjusted loss between 6 cents and 7 cents per share for the first quarter, while analysts polled by FactSet expected 6 cents per share. The company also sees a greater loss for the full year than analysts anticipated. Private credit stocks – Blue Owl Capital lost 3.1%, while Blackstone and Apollo Global shed 2% each. The declines come after Morgan Stanley and Cliffwater imposed caps on withdrawals from their multibillion-dollar private credit funds to stem investors’ ongoing flight from the asset class , which has recently been on shaky footing. Hims & Hers Health – The stock rose more than 5% after Eli Lilly issued a notice about an impurity in a compounded version of its weight-loss drug and warned of health risks linked to the medicine. Firefly Aerospace – Shares jumped about 12% after the company said late Wednesday that its Alpha Flight 7 had successfully launched . Petco Health and Wellness Company – The pet product and services firm saw its shares surge 12% after issuing better-than-expected guidance for the current quarter and year. Petco expects adjusted EBITDA to come in between $92 million and $94 million for the first quarter versus a FactSet consensus of $91.1 million. Atlassian – Shares ticked up nearly 2% after the software company said it would eliminate 10% of its workforce , or about 1,600 jobs, to restructures its operations and lean into artificial intelligence. It expects complete the workforce reduction by the end of June, according to its new filing with federal regulators. Dick’s Sporting Goods — Shares rose 3% after the retailer posted fourth-quarter results that beat analyst expectations. The company earned an adjusted $3.45 per share on revenue of $6.23 billion. Analysts polled by LSEG expected a profit of $2.87 per share on revenue of $6.07 billion. Dollar General – The stock declined about 5% after the discount retailer issued underwhelming full year guidance. Dollar General expects earnings per share between $7.10 and $7.35, while analysts polled by FactSet expected a forecast around $7.25. The company also sees same-store sales growth between 2.2% and 2.7%. UiPath — UiPath shares dropped 8% after the company’s first-quarter outlook failed to impress Wall Street. UiPath called for adjusted operating income of about $80 million, about in line with the $80.5 million FactSet consensus. — CNBC’s Fred Imbert contributed reporting.
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