The companies are making news before the bell.
Target plummeted 22.1% in the premarket after the retailer reported an adjusted quarterly profit of $2.19 per share, below the $3.07 consensus estimate. Revenue and comparable-store sales beat forecasts, but higher costs ate into Target's bottom line.
The home improvement retailer's quarterly comparable-store sales fell more than expected and revenue came in slightly below Street forecasts. Lowe beat bottom-line estimates by 29 cents and reported earnings of $3.51 per share.
Walmart fell another 1.9% in premarket action after tumbling 11.4% yesterday. The stock loss was the worst since 1987.
The stock of Carrier fell in the premarket after Bank of America Securities lowered its rating on the stock.
The casino operator's shares were upgraded to "BUY" from "HOLD" by the investment bank. The unit could show good returns over time.
The footwear retailer reported a quarterly profit of 95 cents per share, 9 cents above estimates, with revenue also beating consensus. The full-year outlook was raised by Shoe Carnival. Shoe Carnival increased in premarket trading.
The chipmaker earned an adjusted quarterly profit of $2.40 per share, 29 cents above estimates, and reported better-than- expected revenue. Despite supply chain challenges, the company was able to increase output. In premarket trading,Analog Devices added 1.9%.
After the stock was cut to neutral from buy at Goldman, the stock fell in premarket trading. Goldman said it sees a longer path to growth for the eyewear retailer, which reported lower-than- expected quarterly earnings earlier this week.
Container Store surged 8.2% in the premarket after reporting better-than- expected profit and revenue. The retailer said it wanted to achieve $2 billion in sales by the year 2027.
The cloud-based platform for medical professionals issued a weaker than expected revenue forecast. Doximity reported better-than- expected revenue and profit.
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