Stocks making the biggest moves premarket: KSS, MDB, GOOS, CBRL
Check out the companies making headlines before the bell: MongoDB — The database platform developer soared 30% after its latest results beat Wall Street analysts’ estimates. MongoDB reported adjusted earnings of $1 per share on revenue of $591 million, above the consensus as compiled by LSEG of 66 cents per share on revenue of $556 million. Kohl’s — The department store chain jumped nearly 17% after adjusted second-quarter earnings of 56 cents per share topped the LSEG consensus estimate of 29 cents per share. Revenue also exceeded expectations. Canada Goose — U.S.-listed shares of the luxury parka maker climbed about 17% after CNBC reported its controlling shareholder, Bain Capital, received bids to take the company private . The offers value Canada Goose at about $1.35 billion, people familiar with the matter said. PVH — The apparel company rallied more than 7% on better-than-expected second-quarter earnings. PVH earned an adjusted $2.52 per share on revenue of $2.17 billion, while analysts surveyed by LSEG expected $2.01 in earnings per share and $2.12 billion in revenue. Abercrombie & Fitch — The contemporary apparel retailer edged higher after second-quarter profit and sales exceeded expectations. Abercrombie & Fitch posted earnings of $2.32 per share excluding items on revenue of $1.21 billion, above the $2.30 per share on revenue of $1.20 billion that analysts polled by LSEG had estimated. Okta — The maker of identity software rose more than 4% after quarterly results and full-year guidance topped Street expectations. Okta earned an adjusted 91 cents per share in its latest quarter, while analysts polled by LSEG called for 84 cents. Revenue of $728 million topped the expected $712 million. Okta co-founder and CEO Todd McKinnon told CNBC on Tuesday that the results were “much better than we thought.” Nvidia — The dominant maker of chips used to power artificial intelligence was marginally higher ahead of its earnings results set for release Wednesday after the close. Cracker Barrel Old Country Store — The family restaurant chain gained 4% after saying it would scrap its controversial rebranding plan following backlash from customers and President Donald Trump. EchoStar — The telecom provider advanced more than 6% in premarket trading, extending Tuesday’s more than 70% rally after AT & T agreed to buy wireless spectrum licenses for about $23 billion in an all-cash deal. nCino — Shares jumped nearly 8% after the latest results from the cloud solutions provider topped Wall Street expectations. Adjusted earnings of 22 cents per share were better than the 14 cents per share estimated by analysts polled by LSEG, while revenue of $149 million was $6 million above analysts’ consensus. Box — The content management provider climbed 5% after adjusted earnings of 33 cents per share in its latest quarter beat a 31-cent LSEG consensus estimate, while revenue of $294 million topped a $291 million forecast. Box also raised its full-year revenue guidance. — CNBC’s Michelle Fox and Alex Harring contributed reporting.
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