LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Stocks making the biggest moves premarket: Salesforce, Foot Locker, Pure Storage, PSQ Holdings & more

Garry Wills by Garry Wills
December 4, 2024
in Business Finance
Stocks making the biggest moves premarket: Salesforce, Foot Locker, Pure Storage, PSQ Holdings & more
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Check out the companies making headlines before the bell: Salesforce — Shares rallied more than 12% after the enterprise software company posted a third-quarter revenue beat. Salesforce reported $9.44 billion in revenue, better than the $9.35 billion expected by analysts, according to LSEG. Subscription revenue also beat analyst expectations. Dollar Tree — The stock rose more than 4% following the discounter’s better-than-expected third-quarter results . Dollar Tree earned $1.12 per share on revenue of $7.56 billion. That’s better than the LSEG consensus estimates of $1.07 per share on $7.44 billion in revenue. The company also announced that CFO Jeff Davis would step down from his role. Pure Storage — Shares surged 21% after Pure Storage beat fiscal third-quarter estimates and highlighted it won a contract with a major tech company. CEO Charles Giancarlo told CNBC’s ” Closing Bell: Overtime ” said he expects the company could replace 90% of the customer’s storage to the company’s direct flash technology. Following the results, Piper Sandler upgraded Pure Storage to overweight from neutral. Foot Locker — The stock sank nearly 15% after the sneaker giant posted an earnings and revenue miss. Foot Locker also slashed its full-year sales and earnings guidance . The company cited a more promotional environment and softer demand outside of key selling periods. Okta — Shares rallied more than 13% after the identity and access management software company reported third quarter earnings and revenue that topped expectations. Okta also issued rosy fourth-quarter guidance. Adjusted earnings of 67 cents per share topped the expected 58 cents earnings per share, according to the LSEG consensus estimate. Revenue of $665 million exceeded the $650 million forecast. Marvell Technology — The integrated circuit maker jumped nearly 13% after Marvell beat third-quarter estimates and gave upbeat revenue guidance, leading several Wall Street firms to raise their price targets. JPMorgan, which assigned a target on the stock that reflects nearly 36% upside, sees continued AI and cyclical tailwinds into next year that it said should lead to a multi-quarter period of positive EPS revisions. PSQ Holdings — The owner of online marketplace PublicSquare saw shares falling 15% in premarket trading, a day after a monster rally. The stock surged 270% on Tuesday on news that Donald Trump Jr. joining the board of PSQ Holdings. Chewy — The pet supplies retailer slipped 6% after posting a profit of just 1 cent per share, while analysts polled by LSEG expected 8 cents per share. Chewy’s $2.88 billion revenue came in line with estimates. General Motors – Shares slid 1% after the Detroit automaker disclosed that a restructuring of its joint venture operations with SAIC Motor Corp. in China will cost more in $5 billion. Campbell Soup — The stock fell 3% after Campbell Soup’s quarterly net sales missed expectations. The food company also named insider Mick Beekhuizen as its new chief executive officer. Roku — Shares jumped 4.4% after Needham analyst Laura Martin said the company will likely be bought for a “large premium” over the next 12 months. — CNBC’s Sean Conlon, Michelle Fox, Lisa Han, Yun Li and Pia Singh contributed reporting



Source link

You might also like

If Apple makes a foldable phone, analysts say this stock will benefit

Unraveling the legal, economic and market ramifications if Trump tries to fire Fed Chair Powell

Rich American Express customers continue to spend freely, with one exception

Share30Tweet19
Previous Post

How to diversify your portfolio using alternative assets – London Business News | London Wallet

Next Post

Binance, WazirX among crypto firms evading taxes in India, says gov’t

Garry Wills

Garry Wills

Recommended For You

If Apple makes a foldable phone, analysts say this stock will benefit
Business Finance

If Apple makes a foldable phone, analysts say this stock will benefit

July 20, 2025
Unraveling the legal, economic and market ramifications if Trump tries to fire Fed Chair Powell
Business Finance

Unraveling the legal, economic and market ramifications if Trump tries to fire Fed Chair Powell

July 19, 2025
Rich American Express customers continue to spend freely, with one exception
Business Finance

Rich American Express customers continue to spend freely, with one exception

July 18, 2025
Stocks making the biggest moves midday: Talen Energy, Invesco, Netflix, Coinbase and more
Business Finance

Stocks making the biggest moves midday: Talen Energy, Invesco, Netflix, Coinbase and more

July 18, 2025
Next Post
Binance, WazirX among crypto firms evading taxes in India, says gov’t

Binance, WazirX among crypto firms evading taxes in India, says gov’t

Related News

Treasury yields head for biggest one-day declines since May after June CPI report

Treasury yields head for biggest one-day declines since May after June CPI report

July 12, 2023
Sarah Ferguson recovering from surgery after breast cancer diagnosis

Sarah Ferguson recovering from surgery after breast cancer diagnosis

June 25, 2023
NIO Onvo L60 launches with cheaper prices than expected starting at just ,200

NIO Onvo L60 launches with cheaper prices than expected starting at just $21,200

September 19, 2024

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?