Check out the companies making headlines before the bell. Salesforce — The cloud company slipped 7% after Salesforce guided for third-quarter revenue to come in between $10.24 billion and $10.29 billion, lower than the $10.29 billion analysts polled by LSEG had estimated. However, Salesforce posted a second-quarter beat on both the top and bottom lines. American Eagle — Shares surged 26% after the apparel retailer posted second-quarter earnings of 45 cents per share on revenue of $1.28 billion. Analysts had expected earnings of 21 cents per share and revenue of $1.24 billion, per LSEG. The company’s second-quarter beat can be partially attributed to an advertising campaign with actress Sydney Sweeney, which American Eagle called one of its “best” to date. C3.ai — The maker of custom AI applications plunged 12% after it posted a fiscal first-quarter adjusted loss that was wider than analysts had predicted. Revenue also came in below expectations. On top of that, the company withdrew its previous full-year guidance as it appointed a new CEO and restructured its sales and services organization. Figma — The design software maker plunged 15% after releasing quarterly results for the first time since going public. Figma broke even on the bottom line, while revenue of $249.6 million exceeded an LSEG estimate of $248.8 million. Hewlett Packard Enterprise — The enterprise information technology company added 4% after its fiscal third-quarter earnings came in at 44 cents, above the 43 cents analysts polled by LSEG had expected. Hewlett Packard’s $9.14 billion revenue also beat forecasts calling for $8.53 billion. The company also raised its full-year earnings guidance. Asana — Shares popped 8% after the work management company reported second-quarter adjusted earnings of 6 cents on revenue of $197 million, higher than the respective 5 cents and $193 million analysts surveyed by LSEG had expected. PagerDuty — The SaaS-based digital operation software provider shed 3% after it posted second-quarter revenue of $123 million, coming in below the expected $124 million, per LSEG. The company also lowered the top end of its full-year revenue range, and now sees sales coming in between $493 million to $497 million. Analysts had estimated revenue to come in at $497 million. Gitlab — The developer tools software maker fell 8% after issuing third-quarter revenue guidance of between $238 million to $239 million, below the estimated $242 million. Gitlab also now sees full-year revenue of between $936 million and $942 million, while analysts had estimated $941 million, per LSEG. The company’s CFO, Brian Robins, will also resign effective Sept. 19. However, Gitlab posted a second-quarter earnings and revenue beat. Credo Technology — Shares jumped 12% after the data infrastructure stock posted fiscal first-quarter adjusted earnings of 52 cents, higher than FactSet’s consensus of 36 cents. The company’s $223.1 million revenue also exceeded expectations of $190.6 million. Credo’s second-quarter revenue guidance came in between $230 million and $240 million, while analysts had expected $201.9 million, per FactSet. Toyota Motor , Honda Motor — The Japanese automakers advanced 2% and 1%, respectively, after Reuters reported that Japan and the US were nearing a deal to lower auto tariffs, citing a Japanese government source. A lower levy than the current U.S. tariff rate on Japanese cars of between 15% to 27.5% could take effect by the end of the month, the source said. Brinker International — The parent company of Chili’s and Maggiano’s Little Italy popped 4% following an upgrade to outperform from in line from Evercore ISI. As catalysts for the upgrade, the bank cited sustainable same-store sales growth potential and ongoing marketing efforts. Tesla — The electric vehicle maker added 1% after Tesla Robotaxi announced that its app was now “available to all.” In a post on X , the company wrote that access would be soon expanding, and that potential users could download the app now to join the waitlist. — CNBC’s Fred Imbert contributed reporting.
Stocks making the biggest moves premarket: CRM, AEO, HPE
About Us
Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
Subscribe to Updates
Subscribe to Get the Latest Financial Tips and Insights Delivered to Your Inbox!
About Us
Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
Subscribe to Updates
Subscribe to Get the Latest Financial Tips and Insights Delivered to Your Inbox!