Check out the companies that make headlines before the bell. Salesforce – Cloud companies slipped 7% after third quarter revenue was led between $10.24 billion and $10.29 billion. However, Salesforce recorded second quarter beats on both the top line and bottom line. American Eagle – Shares surged 26% after apparel retailers posted second-quarter revenues to $1.28 billion with revenue of 45 cents per share. Analysts had expected earnings of 21 cents per share and revenues of $1.24 billion per LSEG. The company’s second quarter beat could be partly attributed to an ad campaign with actress Sidney Sweeney, what the American Eagle ever called “the best.” C3.AI – The manufacturer of custom AI applications plummeted 12% after posting a fiscal first quarter adjusted loss that analysts predicted. Revenues also fell below expectations. Additionally, the company has retracted its guidance for the full year of the previous year as it appointed a new CEO and restructured its sales and services organization. Figma – The design software maker plummeted 15% after releasing quarterly results for the first time since its release. Although Figma’s revenues were even broken, its $249.6 million revenue exceeded the LSEG estimate of $248.8 million. Hewlett Packard Enterprise – Enterprise Information Technology Company added 4% after earnings in the third quarter at 44 cents, surpassing the 43 cent analysts voted by LSEG. Hewlett Packard’s $9.14 billion revenue also won the forecast demanding $8.53 billion. The company also raised full-year revenue guidance. ASANA – Stocks rose 8% after the labor management company reported second-quarter adjusted revenue of six cents with revenue of $107 million, higher than the five-cent and $193 million analysts surveyed by LSEG. PagerDuty – The SaaS-based digital operations software provider dropped 3% after recording second-quarter revenues below $123 million, which is expected to be less than the expected $124 million per LSEG. The company also cut the top-line revenue range for the full year, and now believes its revenue range is between $493 million and $497 million. Analysts estimated revenues of $497 million. GITLAB – Developer Tools software maker dropped 8% after publishing third-quarter revenue guidance, which is under the estimated $242 million, from $238 million to $239 million. Gitlab currently looks at its annual revenues between $936 million and $942 million, while analysts estimate $941 million per LSEG. The company’s CFO Brian Robbins will also resign on September 19th. However, Gitlab announced its second quarter revenue and revenue beat. CREDO Technology – Stock jumped to 12% after Data Infrastructure Stock posted first-quarter adjusted revenue of 52 cents. The company’s $223.1 million revenue also exceeded its $196.6 million forecast. CREDO’s second quarter revenue guidance ranged between $230 million and $240 million, while analysts had expected $20.19 million per fact set. Toyota Motor, Honda Motor – Japanese automakers rose 2% and 1% respectively after Reuters reported that Japan and the US were approaching deals to lower car rates, citing Japanese government sources. Collections lower than the current US tariff rates for Japan Motors, between 15% and 27.5%, could be implemented by the end of the month, sources said. Brinker International – Little Italy parent company of Chile and Maggino has 4% popped after undergoing an upgrade to outperform alongside from the Evercore ISI. As a catalyst for the upgrade, the bank cited the potential for sustainable, identical store growth and continued marketing efforts. Tesla – After Tesla Robotaxi announced the app was “available for everyone,” the electric car maker added 1%. In an X post, the company wrote that access will soon expand and potential users can now download the app and join the waitlist. – CNBC’s Fred Invert contributed the report.
The most active stocks are pre-market CRM, AEO and HPE.
