Try the businesses making headlines before the bell:
Best Buy (BBY) – Best Buy rallied 7% within the premarket after its third-quarter results beat analyst estimates. The electronics retailer also registered a smaller-than-expected decline in comparable store sales. Discounts helped keep customer traffic flowing to its stores, and Best Buy also raised its full-year forecast.
Dick’s Sporting Goods (DKS) – The sporting goods retailer reported better-than-expected third-quarter profit and revenue and an unexpected increase in comparable store sales. The corporate also raised its full-year forecast. Dick’s initially surged greater than 7% in premarket trading before it dipped negative.
Dollar Tree (DLTR) – Dollar Tree fell 4.4% within the premarket despite a top and bottom line beat for its latest quarter and better-than-expected comparable store sales. The discount retailer projects full-year earnings within the lower half of its prior guidance range.
Abercrombie & Fitch (ANF) – Abercrombie & Fitch soared 12.8% in premarket motion after reporting an unexpected quarterly profit and beating Street revenue forecasts. The apparel retailer saw resurgent demand for clothing, like jeans and dresses, as consumers returned to work and took part in additional social events.
Medtronic (MDT) – The medical device maker’s stock fell 3% in premarket trading after reporting a slight earnings beat on revenue that fell in need of the consensus estimate. Medtronic’s results were hit by a stronger U.S. dollar and a slower-than-expected rebound in procedures using its devices.
Zoom Video Communications (ZM) – Zoom tumbled 9.3% within the premarket after issuing weaker-than-expected guidance for the present quarter. The video communications company reported better-than-expected results for its most up-to-date quarter, but the general growth seen throughout the pandemic has slowed considerably.
Dell Technologies (DELL) – Dell fell 1.6% in premarket trading amid a weaker-than-expected current quarter revenue forecast. Dell did beat analyst estimates for the third quarter but said a slowing economy, inflation and other economic aspects would pressure customer spending.
Urban Outfitters (URBN) – Urban Outfitters reported quarterly earnings that were barely below estimates, however the apparel retailer’s revenue beat Street forecasts. The corporate said it was encouraged by the trends seen up to now throughout the holiday quarter. Urban Outfitters gained 2.2% in premarket motion.
Agilent Technologies (A) – Agilent jumped 4.4% in off-hours trading after the laboratory instruments maker reported better-than-expected quarterly results. Agilent’s sales increased in all of its business units throughout the quarter.