These are the stocks posting the largest moves in premarket trading.
Check out the companies making headlines before the bell. Salesforce — Shares of the cloud software vendor plunged 16% after the company reported weaker-than-expected revenue and issued guidance that trailed Wall Street's expectations. Revenue in the fiscal first quarter increased 11% from a year earlier, marking the first time since 2006 that Salesforce fell short on revenue, according to LSEG data. Salesforce said it saw budget scrutiny and longer deal cycles than usual during the quarter.
Earnings per share came in at $1.65, versus the $1.57 expected from analysts polled by LSEG. Revenue was $9.91 billion, beating the $9.90 billion consensus estimate. Kohl's — Shares plunged 20% after the department store chain posted a first-quarter loss of 24 cents per share, whereas analysts had expected a gain of 4 cents, according to LSEG. The company's $3.18 billion revenue also came below the expected $3.34 billion.
C3 Ai Inc Nutanix Inc HP Inc Uipath Inc Okta Inc Salesforce Inc Paypal Holdings Inc Foot Locker Inc Best Buy Co Inc Dollar General Corp KOHLS CORP DRN Birkenstock Holding PLC Business Breaking News: Markets Stock Markets Economy Markets Market Insider Business News
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