Stocks making the biggest moves premarket: NVDA, DG, BBWI, SNOW
Check out the companies making headlines before the bell. Nvidia — The graphics processing unit manufacturer slipped nearly 2% after its data center revenue came in below estimates for the second straight quarter. However, Nvidia posted a second-quarter earnings and revenue beat. Other chip stocks such as Taiwan Semiconductor, ASML, Advanced Micro Devices and Microchip Technology moved lower in sympathy. Wynn Resorts — The casino operator gained 2% following an upgrade from UBS to buy from neutral. The bank raised its Macao estimates and cited a more bullish view on Wynn’s Al Marjan resort in the United Arab Emirates as additional catalyst. International Paper — The paper stock added 2% following an upgrade to buy from neutral at Bank of America. While the bank still expressed caution over existing operation risk, analyst George Staphos said that pricing would drive higher estimates in 2026. Dollar General — Shares popped 6% after the discount retailer reported a second-quarter earnings and revenue beat. The company also raised its full-year earnings and revenue growth guidance. Other discounters like Five Below, Ollie’s Bargain Outlet and Dollar Tree also rose in tandem. Five Below — The discount retailer jumped 4% after posting a second-quarter earnings and revenue beat. Five Below also forecast third-quarter earnings and revenue above analysts’ expectations. Additionally, the company raised both its third-quarter and fiscal year earnings and revenue guidance. Snowflake — Snowflake stock rallied 14% after the data cloud and artificial intelligence company posted second-quarter adjusted earnings of 35 cents per share on revenue of $1.14 billion. Analysts polled by LSEG had expected profit of 27 cents per share and revenue of $1.09 billion. The company also raised its fiscal year product revenue guidance, NetApp — Shares stumbled 9% after the intelligent data infrastructure company posted fiscal first-quarter earnings of $1.55 per share came in just 1 cent above what analysts polled by LSEG had penciled in. NetApp’s $1.56 billion revenue just barely beat the expected $1.55 billion. NetApp’s forward outlook came in line with forecasts. CrowdStrike — The cybersecurity provider slipped 3% after its second-quarter non-GAAP operating margin of 21.8% came in below the 23.5% figure from a year ago, according to FactSet. CrowdStrike also forecast that its third-quarter revenue would come in between $1.21 billion to $1.22 billion, while the LSEG consensus estimate called for $1.23 billion. However, CrowdStrike’s second-quarter results topped Wall Street’s estimates. Urban Outfitters — Shares fell 4% despite the apparel retailer posting second-quarter earnings of $1.58 per share, while analysts polled by FactSet had expected $1.48. Urban Outfitter’s $1.50 billion revenue was also higher than FactSet’s $1.48 billion consensus. Pure Storage — Shares jumped 13% following the data management company’s beat on the top and bottom lines. Pure Storage’s adjusted earnings for the second quarter were 43 cents per share, above the 39 cents expected from analysts polled by LSEG. Revenue was $861 million, versus the $847 million consensus estimate. Nutanix — The cloud computing stock declined 7% despite posting a fiscal fourth-quarter earnings and revenue beat. Nutanix expects current-quarter revenue to come in between $670 million to $680 million, while an LSEG estimate called for $679 million. The Cooper Companies — Shares of the global medical device company tumbled 13% after the Cooper Companies issued disappointing fourth quarter revenue guidance, though it did meet expectations in its most recent quarter. Cooper Companies expects revenue in a range between $1.049 billion to $1.069 billion in the fourth quarter, far below the $1.09 billion expected by analysts, according to FactSet. Dick’s Sporting Goods — Shares fell 2%. However, the retailer beat expectations for both lines in the second quarter and hiked its full-year outlook. Bath & Body Works — The fragrance and candle retailer shed 7% after posting second quarter adjusted earnings of 37 cents per share, missing the 38 cents analysts polled by LSEG had penciled in. Bath & Body Work’s $1.55 billion revenue was in line with expectations. — CNBC’s Michelle Fox, Alex Harring and Sarah Min contributed reporting.
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