Nvidia's shares surged over 7% in premarket trading after the company reported second-quarter earnings of $2.22 per share and revenue of $96.22 billion, both exceeding analyst expectations. The company anticipates revenue will rise to $108 billion in the third quarter, indicating strong demand for its AI and infrastructure products.
Dollar General's stock jumped 12% after it raised its full-year earnings guidance to a range of $7.80 to $8 per share, up from $7.20 to $7.45, and announced plans for share repurchases. In contrast, HP's shares fell nearly 11% despite beating fiscal third-quarter expectations, as its full-year guidance also exceeded estimates but failed to impress investors.
Wendy's shares dropped nearly 15% following reports that Nelson Peltz's Trian Fund Management would not pursue a buyout due to concerns about the company's strategic direction. Salesforce's stock rose nearly 12% after reporting adjusted earnings of $5.90 per share, significantly above the expected $3.27.
Okta's shares increased over 19% after it reported adjusted earnings of $1.05 per share and raised its full-year guidance. CrowdStrike's shares rose nearly 10% following strong second-quarter results that beat consensus estimates. Everpure's stock increased nearly 3% after Bank of America upgraded it to buy, citing positive revenue growth expectations.
Abercrombie & Fitch's shares fell 1.4% after a downgrade from Citi, which noted limited upside potential after a recent stock surge. Overall, these premarket movements highlight the varying investor sentiments based on company performance and future outlooks