Stocks with the biggest gains before the market: ROST, INTU, WDAY, GH | Wilnesh News
Here’s a look at the companies making headlines in premarket trading: Intuit — TurboTax’s parent company fell nearly 6% after issuing weaker-than-expected fourth-quarter earnings guidance. Intuit forecast adjusted earnings of $1.80 to $1.85 per share, while analysts polled by FactSet expected $1.92. Ross Stores — Shares of the discount apparel retailer rose more than 7% after beating profit expectations. The company earned $1.46 a share on revenue of $4.86 billion, while analysts polled by LSEG forecast earnings of $1.35 a share on revenue of $4.83 billion. Workday – The business management company’s second-quarter subscription revenue guidance came in slightly below analysts’ expectations, sending its shares down more than 11%. Workday forecast subscription revenue of $1.895 billion, compared with a consensus forecast of $1.9 billion, according to StreetAccount. Cash from operations also disappointed, at $372 million, compared with analysts’ expectations of $397.2 million. Deckers — Shares of the footwear and apparel company jumped 8% after reporting sharp gains in its fourth-quarter earnings report. Deckers reported earnings of $4.95 per share on revenue of $960 million. Analysts polled by London Stock Exchange Group (LSEG) expected earnings of $2.89 per share on revenue of $888 million. Nvidia — The chipmaker gained 1% before the open. Shares of the artificial intelligence darling hit an all-time high a day ago and closed above $1,000 for the first time. Guardant Health — Shares of Guardant Health rose more than 13% after the U.S. Food and Drug Administration determined the benefits of the company’s colorectal cancer blood test Shield outweigh the risks. —CNBC’s Jesse Pound contributed reporting. Correction: Intuit issued weaker-than-expected profit guidance for its fiscal fourth quarter. A previous version misstated the period.