Stocks with the biggest gains before the market: AEO, FIVE, COIN | Wilnesh News
Check out the companies making headlines before the market opens. American Eagle Outfitters — Shares of the apparel retailer fell nearly 14% on disappointing holiday guidance. American Eagle Outfitters expects comparable sales to grow 1% and total sales to decline 4% during the same period. That was below StreetAccount’s forecast of 2.2% comparable sales growth. Wuxia – Shares of the discount retailer rose 14% after the company reported better-than-expected third-quarter profit and revenue. Five Below reported adjusted earnings of 42 cents per share on revenue of $844 million. Analysts polled by London Stock Exchange Group (LSEG) expected revenue of $799 million and profit of 17 cents. Crypto Stocks – Cryptocurrency-related stocks rose as Bitcoin topped $100,000 for the first time. MicroStrategy rose nearly 8%, while Robinhood Markets gained 6%. Mara Holdings and Riot Platforms rose 5% and 6%, respectively. Hewlett Packard Enterprise — Hewlett Packard Enterprise shares rose after Morgan Stanley upgraded the stock to overweight ahead of earnings, citing “attractive near-term value proposition.” Nearly 4%. Dollar General — Shares of Dollar General rose 1.9% after the discount retailer reported better-than-expected quarterly revenue and slightly higher same-store sales. Dollar General said third-quarter same-store sales grew 1.3%, beating StreetAccount’s 1% forecast. To be sure, the company also lowered its full-year profit guidance. SentinelOne — The cybersecurity stock fell 15% on mixed quarterly results. SentinelOne reported third-quarter breakeven adjusted earnings, which fell short of the 1 cent per share profit expected by analysts polled by LSEG. Revenue was slightly above expectations. Kroger — Grocery stocks fell 2% after third-quarter sales fell short of expectations. Kroger reported revenue of $33.63 billion for the quarter, compared with analysts’ expectations of $34.19 billion, according to FactSet. Kroger also narrowed its full-year profit guidance. Sprinklr — The social management software company reported third-quarter results that beat expectations, sending its shares up more than 5%. Sprinklr reported adjusted earnings of 10 cents per share, beating analysts’ expectations of 8 cents per share, according to FactSet. Revenue reached $200.7 million, beating consensus estimates of $196.4 million. AeroVironment – Shares fell about 10% after the unmanned aircraft systems maker provided weak full-year guidance. AeroVironment expects full-year revenue to be between $790 million and $820 million, below the $828 million expected by analysts polled by LSEG. Full-year adjusted earnings are also expected to disappoint, with the company expecting earnings of $3.18 to $3.49 per share, compared with the consensus estimate of $3.49 per share. Chargepoint — The electric vehicle charging stock gained nearly 11%. Chargepoint posted a smaller annual net loss and beat revenue estimates. Synopsys — Shares of Synopsys fell 8% after disappointing first-quarter profit and revenue guidance. The company said it expected earnings per share to be in the range of $2.77 to $2.82, compared with LSEG’s forecast of $3.53. Revenue is expected to be below expectations of $1.631 billion. Signet Jewelers — The jewelry retailer cut its previous earnings and revenue guidance and reported disappointing third-quarter results, with both revenue and profit falling short of expectations, sending its shares plummeting nearly 15%. The company said it now expects profit this year to be between $6.74 and $6.81 billion, compared with its previous forecast of $666 to $7.02 billion. —CNBC’s Sarah Min, Michelle Fox, Jesse Pound, Pia Singh and Sean Conlon contributed reporting