Stocks making the biggest moves premarket: Marvell Technology, Gap, RH & more

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

These are the stocks posting the largest moves in early trading.

— Shares of the retailer fell more than 3% in premarket trading despite RH beating estimates for its fiscal first quarter in a Thursday evening report. The company reported $2.21 in adjusted earnings per share on $739 million of revenue. Analysts surveyed by Refinitiv were looking for $2.09 in earnings per share on $727 million of revenue.

However, RH's second-quarter revenue guidance was short of expectations, and the company warned of increased markdowns.— Ulta Beauty slid 9% in premarket trading even after the beauty retailer posted strong earnings and revenue for the first quarter. It very slightly raised full year revenue guidance, and reaffirmed earnings per share guidance. However, comparable sales grew slightly less than expected.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves after hours: Gap, Marvell Technology, RH, Ulta and moreThese are the stocks posting the largest moves in after-hour trading.
Source: CNBC - 🏆 12. / 72 Read more »