Check out the companies making headlines before the bell: Lululemon Athletica – Stocks fell over 11% after Athleisure Retailer’s 2025 guidance became weaker than expected. Lululemon forecasts first quarter revenues in the range of $2.53 to $2.58 per share compared to the $2.72 expected by analysts voted by LSEG. First quarter revenues were projected to be between $2.335 billion and $2.355 billion. However, the fourth quarter results outweigh both sales and profits. US Steel – Shares jumped nearly 5% after Semafor reported that Japan-based Nippon Steel invested $7 billion in American steel makers to get approval for President Donald Trump’s merger. Bausch + Lomb – The eye health company pulled back more than 4% a day after announcing a “voluntary recall” of certain implantable eye lenses following reports of complications. Wells Fargo downgraded the stock equally from overweight in a memo on Thursday, citing the recall. Braze – Stocks surged around 9% in light trading after the customer engagement platform posted top-line and bottom-line beats in the fourth quarter. Braze reported adjusted earnings of 12 cents per share, breaking Factset consensus estimates by 5 cents. The $160.4 million revenue beat the expected $155.7 million by analysts. Tanger – Shopping centre operators rose 0.6% behind Goldman Sachs upgrades. Goldman expects the shares to rise more than 21% after sliding to start 2025. Oxford Industries – The clothing retailer’s stock fell 12% after year-end guidance fell below consensus estimates. Oxford Industries expects revenues between $1.49 and $1.53 billion over the period, but analysts surveyed by FactSet were looking for $1.54 billion. Management cited the growing uncertainty of consumers as headwinds. Rocket Lab – Shares skyrocketed 8.7% after the US Space Force appointed the company as one of the companies that joined the launch provider pool. Applovin – After the sale on Thursday, the shares rebounded 9% on Friday. Shares fell more than 20% on Thursday as Applovin’s advertising tactics allegedly opposed App Stores’ terms of service. – Reported by CNBC’s Alex Harring and Jesse Pound.
Lulu, RKLB, X, etc.
