Companies are making headlines in premarket trading.
Despite a better-than- expected third-quarter earnings report, shares of the software giant dropped more than 6% in premarket trading. The company missed its fourth-quarter guidance. Taylor was promoted to the role of co-CEO with Benioff.
The company's quarterly financial results beat on the top and bottom lines, and shares of Box rose more than 9% in early morning trading. Box posted earnings of 22 cents per share on revenue of $224 million, which was higher than the Refinitv consensus estimate of 21 cents per share on revenue of $218.6 million. Revenue and earnings topped estimates during the fourth quarter.
Hewlett Packard Enterprise's shares fell 2% in the premarket after missing analyst expectations for revenue. The company reported revenue of $7.35 billion, below the Refinitiv consensus forecast of $7.38 billion. Hewlett Packard Enterprise posted a profit that was above expectations.
The shares of the company surged more than 16% in the early morning after a better-than- expected quarterly report. The company earned 57 cents per share. The revenue came in at $92.2 million, which was higher than the $90.3 million expected.
Allbirds shares fell more than 5% in the premarket after the shoe maker's losses widened even as its revenue rose. Allbirds was a public company for the first time.
CNBC reported that Goldman Sachs is working on a cloud service for Wall Street trading firms, and shares of Goldman and Amazon both moved higher in premarket trading. GS Financial Cloud for Data is a service that uses Amazon Web Services. Goldman and Amazon both added 0.9%.
Goldman Sachs upgraded the shares of Lennar to a buy rating. Goldman says demand for new homes is high.
Krispy Kreme's shares fell more than 3% in early morning trading after Goldman Sachs lowered the stock's rating to a sell. Goldman says that rising cost pressures should affect the stock.
Gordon Haskett upgraded the stock of DoorDash to buy from hold. The firm said the omicron variant could spark a rebound for the food delivery app.
