Stocks making the biggest moves premarket: KSS, CASY, VRTX
Check out the companies making headlines before the bell: Kohl’s — Shares tumbled 9% after the retailer posted disappointing fourth-quarter revenue of $4.97 billion, below the LSEG consensus of $5.03 billion. On the other hand, fourth quarter earnings of $1.07 per share exceeded the expected 85 cents per share. Casey’s General Stores — The convenience store chain shed 2.6% following its third-quarter revenue miss. Casey’s General Stores reported revenue of $3.92 billion, short of the $4.04 billion consensus estimate, per FactSet. Earnings, however, topped expectations. Taiwan Semiconductor — The Taiwanese chipmaker’s shares inched up about 1% in premarket after the company reported a 30% increase in sales over the first two months of the year. Vail Resorts — The ski resort’s stock price slid 1.1% after reporting earnings of $5.87 per share on $1.08 billion in revenue, while analysts polled by LSEG expected $6.10 per share on $1.11 billion in revenue. The company also lowered its guidance “due to the persistent, historically challenging weather conditions in the Rockies.” Hewlett Packard Enterprise — Shares of the technology company rose 1%. HPE earned 65 cents per share, on an adjusted basis, for its first quarter. That exceeded analysts’ estimate of 59 cents per share, according to LSEG. The company’s $9.30 billion in revenue fell slightly short of the $9.33 billion expected, meanwhile. Vertex Pharmaceuticals — Vertex Pharmaceuticals shares advanced more than 6% after the biotech company said its drug met its goals in a late-stage trial for IgA nephropathy, a chronic condition that can lead to kidney failure. — CNBC’s Michelle Fox, Yun Li and Pia Singh contributed reporting
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