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Stocks making the biggest moves premarket: American Eagle Outfitters, Five Below, MicroStrategy & more

Garry Wills by Garry Wills
December 5, 2024
in Business Finance
Stocks making the biggest moves premarket: American Eagle Outfitters, Five Below, MicroStrategy & more
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Check out the companies making headlines before the bell. American Eagle Outfitters — Shares of the apparel retailer sank nearly 14% on disappointing holiday guidance . For the period, American Eagle Outfitters expects comparable sales to rise 1% and total sales to decline 4%. That’s below the 2.2% comparable sales growth expected by StreetAccount. Five Below — The stock jumped 14% after the discount retailer posted an earnings and revenue beat for the third quarter. Five Below reported adjusted earnings of 42 cents per share on revenues of $844 million. Analysts polled by LSEG had expected earnings of 17 cents on revenues of $799 million. Crypto stocks — Stocks tied to cryptocurrencies rallied as bitcoin topped $100,000 for the first time. MicroStrategy popped nearly 8%, while Robinhood Markets gained 6%. Mara Holdings and Riot Platforms added 5% and 6%, respectively. Hewlett Packard Enterprise — Hewlett Packard Enterprise gained nearly 4% after Morgan Stanley upgraded shares to overweight ahead of its earnings, citing an “attractive near-term value proposition.” Dollar General — The discount retailer added 1.9% after it posted a quarterly revenue beat and slight uptick in same-store sales. Dollar General said its same-store sales grew by 1.3% in the third quarter, beating a StreetAccount estimate of 1%. To be sure, the company also cut its full-year earnings guidance. SentinelOne — The cybersecurity stock shed 15% on mixed quarterly results. SentinelOne reported breakeven adjusted earnings for the third-quarter, falling short of the 1 cent per share profit expected by analysts polled by LSEG. Revenues came in slightly ahead of estimates. Kroger — The grocery stock fell 2% after third-quarter sales came in lower than expected. Kroger reported $33.63 billion in revenue for the quarter, while analysts were looking for $34.19 billion, according to FactSet. Kroger also narrowed its full year guidance for earnings. Sprinklr — Shares gained more than 5% after the social management software firm reported third-quarter results that exceeded estimates. Sprinklr posted adjusted earnings of 10 cents per share, more than the 8 cents per share expected by analysts, according to FactSet. Revenue of $200.7 million topped the $196.4 million consensus estimate. AeroVironment – Shares slid around 10% on the heels of the manufacturer of uncrewed aircraft systems offering weak full-year guidance. AeroVironment expects revenue for the full year to come in between $790 million and $820 million, below the $828 million that analysts surveyed by LSEG were expecting. Expected adjusted earnings for the full year were also disappointing, with the company anticipating between $3.18 and $3.49 per share compared to the consensus estimate of $3.49 per share. Chargepoint — The electric vehicle charging stock rallied nearly 11%. Chargepoint reported a smaller year-over-year net loss and topped revenue expectations. Synopsys — Shares dropped 8% on disappointing first-quarter earnings and revenue guidance. The company said its expects earnings per share to range between $2.77 and $2.82, versus an LSEG estimate of $3.53. Revenues are expected to come up short of the $1.631 billion anticipated. Signet Jewelers — The jewelry retailer plummeted nearly 15% after cutting its prior earnings and revenue guidance and posting disappointing third-quarter results that fell short of estimates on the top and bottom lines. For the year, the company said its now expects earnings to range between $6.74 and $6.81 billion, versus its prior guidance of $6.66 to $7.02 billion. — CNBC’s Sarah Min, Michelle Fox, Jesse Pound, Pia Singh and Sean Conlon contributed reporting



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