Check out the companies making headlines before the bell. Tilray Brands — The cannabis stock surged 28% after The Washington Post reported that the Trump administration was looking to cut federal restrictions on marijuana. The Amplify Alternative Harvest ETF (MJ) also traded 20% higher. Lululemon — The athleisure brand jumped 9.4% after CEO Calvin McDonald announced his departure . The retailer also beat Wall Street expectations on both lines. RH — The home furnishings firm rose 3% after it reported mixed third-quarter results. The company reported $884 million in revenue, coming in line with an LSEG consensus estimate. However, it softened its fourth-quarter EBITDA margin and revenue forecasts. Citigroup — The banking giant rose more than 1% after receiving an upgrade to overweight from JPMorgan. “We expect Citi to benefit relatively more from a solid economy and strong markets-related activity due to its concentration of revenues,” JPMorgan analysts wrote. Costco — Shares dipped 0.2% even after Costco topped earnings and revenue expectations in its fiscal first quarter. The company posted per-share earnings of $4.50, more than the $4.27 expected by analysts polled by LSEG. Revenue of $67.31 billion exceeded the forecast $67.14 billion. The stock is down more than 3% this year. Broadcom — Investors’ concerns over artificial intelligence firms continued to swirl, pushing Broadcom’s stock down 6%, despite its posting on Thursday of better-than-expected financial results for the fourth quarter. The semiconductor company booked $1.95 per share, excluding some items, on revenues of $18.02 billion versus analysts’ estimates of $1.86 per share on revenues of $17.49 billion, per LSEG data. The semiconductor firm also raised its first-quarter revenue forecast to $19.1 billion from $18.27 billion, in addition to increasing dividends to 65 cents per share from 59 cents per share. Fermi — Shares plunged 33% after the energy and hyperscale development company reported losing a $150 million funding deal with its Matador power grid’s first potential tenant. The grid would provide 11 gigawatts of support to fast-growing AI data center complexes, eliminating their reliance on already strained public power grids. — CNBC’s Fred Imbert, Sarah Min and Alex Harring contributed reporting.
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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.
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