Check out the companies that make the headlines before the doorbell rings:
Coty (COTY) – The cosmetics maker’s shares rose 2.7% in the premarket after announcing a return to annual sales growth this year. Coty’s adjusted loss for the last quarter was 9 cents a share, 3 cents more than expected, but sales were above Wall Street projections.
Dollar General (DG) – The discounter beat estimates by 10 cents with adjusted quarterly earnings of $ 2.69 per share and revenue slightly above forecast. Like-for-like store sales fell 4.7%, less than the 5.1% decline expected by analysts surveyed by StreetAccount. However, Dollar General was forecasting lower-than-expected earnings for the full year, and its shares fell 2.9% in pre-trading hours.
Dollar Tree (DLTR) – Dollar Tree stocks fell 3.1% in early trading after the discounter had a mixed quarter. Revenue fell below Street’s projections, while earnings of $ 1.23 per share beat the consensus estimate of $ 1.00.
JM Smucker (SJM) – The grocery maker earned an adjusted $ 1.90 per share last quarter, 4 cents above estimates, with sales slightly above Wall Street projections. However, Smucker lowered its full year forecast and noted higher input costs and supply chain disruptions. The share lost 1.9% in the pre-trading period.
Abercrombie & Fitch (ANF) – The clothing retailer’s shares fell 7% in the premarket as sales fell below analyst forecasts. Abercrombie reported adjusted earnings of $ 1.70 per share, compared to a consensus estimate of 77 cents.
Salesforce.com (CRM) – Salesforce earned an adjusted $ 1.48 per share for the second quarter, beating the consensus estimate of 92 cents, with sales also beating Wall Street projections. Salesforce also gave an optimistic outlook as companies continue to move applications to the cloud. In the pre-trading session, the shares rose 2.9%.
Ulta Beauty (ULTA) – Ulta shares rose 6.4% in the premarket after more than doubling the consensus estimate of $ 2.59 on quarterly earnings of $ 4.56 per share. The cosmetics retailer’s sales also beat estimates and raised its full-year outlook as the general improvement in the beauty industry continues.
Williams-Sonoma (WSM) – Williams-Sonoma gained 15.2% in pre-hours trading after rising sales and bottom line, as well as a heightened outlook and dividend increase of 20%. The homeware retailer reported adjusted quarterly earnings of $ 3.24 per share versus its consensus estimate of $ 2.61 as the pandemic-induced focus on residential real estate and home decor continued.
Box (BOX) – Box beat estimates 2 cents with adjusted quarterly earnings of 21 cents per share, while the cloud storage company’s revenue also surpassed analyst projections. Box also raised its full-year revenue forecast, saying it continues to benefit from the “megatrend” of digital transformation. However, shares fell 1.7% before the IPO
Snowflake (SNOW) – Snowflake lost an adjusted 4 cents per share last quarter, less than Wall Street’s expected 15 cents loss, while the database software company’s revenue was above consensus. Revenue more than doubled year over year, but total loss increased year over year. Snowflake rose 5.2% in pre-trading.
Pure Storage (PSTG) – Pure Storage rose 14.1% in the premarket after nearly tripling the 5-cent consensus estimate with adjusted quarterly earnings of 14 cents per share. The cloud storage company’s revenue also beat Street forecasts as subscription revenue increased 31% year over year.
Autodesk (ADSK) – Autodesk shares fell 7.7% in pre-trading hours as quarterly sales were only estimates and earnings guidance for the current quarter disappointed investors. Autodesk beat estimates for the last quarter with adjusted quarterly earnings of $ 1.21 per share by 8 cents.
Western Digital (WDC) – According to multiple reports, Western Digital is in talks over a possible $ 20 billion merger with Japanese chip maker Kioxia. The talks are said to have heated up in the last few weeks, according to experts, an agreement could be reached as early as mid-September. Western Digital gained 1% in the premarket.