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News for India > Finance > Stocks making the biggest moves premarket: Deckers Outdoor, Capital One, Capri, Skechers and more
Finance

Stocks making the biggest moves premarket: Deckers Outdoor, Capital One, Capri, Skechers and more

Last updated: October 25, 2024 9:17 pm
7 months ago
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Check out the companies making headlines in premarket trading: Deckers Outdoor — The maker of Ugg and Hoka jumped 14% following its big earnings beat. Deckers posted earnings of $1.59 per share, topping the $1.24 a share expected from analysts polled by LSEG. Revenue was $1.31 billion, well above the $1.20 billion consensus estimate. Digital Realty Trust — The real estate investment trust surged 11% before the opening bell after reporting record lease bookings for the third quarter. Digital Realty also raised the top end of its full-year revenue forecast to $5.6 billion, while analysts polled by FactSet expected $5.57 billion. Tapestry , Capri — Shares of Tapestry surged 13%, while shares of Capri plummeted 47%. The sharp moves come after a federal judge blocked Tapestry’s acquisition of Capri . Capital One — The financial services stock rallied 4% on better-than-expected third-quarter results. Capital One posted adjusted earnings of $4.51 per share on revenue of $10.01 billion. Analysts surveyed by LSEG called for $3.76 per share in earnings and $9.86 billion in revenue. The provision for credit losses came in at $2.48 billion, versus the $2.83 billion estimate from analysts polled by StreetAccount. L3Harris Technologies — Shares advanced more than 4%. L3Harris surpassed Wall Street estimates on the top and bottom lines in the third quarter. The defense company also raised the bottom end of its full-year earnings guidance, saying it now expects earnings per share in the range of $12.95 to $13.15, compared to a prior forecast of $12.85 to $13.15. Analysts polled by FactSet were looking for $13.04 for the full year. ResMed — The medical equipment stock gained more than 5% after surpassing analysts’ estimates for the fiscal first quarter. ResMed earned $2.20 per share on revenue of $1.22 billion, while analysts polled by FactSet forecast a profit of $2.05 and revenue of $1.19 billion. DexCom — Shares of the glucose monitoring device manufacturer pulled back nearly 8% despite surpassing Wall Street’s third-quarter estimates. The company reiterated its forecast for the year. Skechers — The footwear stock added nearly 8% after Skechers raised its full-year earnings forecast to a range of $4.20 to $4.25 per share, from $4.08 to $4.18 per share previously. Analysts polled by FactSet expected Skechers to earn $4.17 per share. Western Digital — Shares climbed more than 12% despite posting mixed fiscal first-quarter results. Western Digital earned $1.78 per share, excluding items, while analysts polled by LSEG called for a profit of $1.72 per share. Although revenue from the data storage company fell short of estimates, it raised the bottom end of its second-quarter earnings guidance. Joby Aviation — The air taxi stock plummeted more than 15% after filing for a $200 million common stock offering . Olin — Stock in the ammunition manufacturer slipped 9% after reporting a wider-than-expected third-quarter loss of 21 cents per share as a hurricane disrupted its operations. A year ago, the company earned 82 cents per share. Colgate-Palmolive — The consumer products stock was roughly 2% lower despite surpassing analysts’ estimates on the top and bottom lines in the third quarter, and raising the lower end of its sales forecast. Colgate reported adjusted earnings of 91 cents on revenue of $5.03 billion, while analysts polled by LSEG forecast a profit of 89 cents and $5 billion in revenue. Centene — The managed care stock added more than 14% after third-quarter results surpassed Wall Street estimates and it maintained its full-year profit forecast. Centene earned $1.62 per share on an adjusted basis on revenue of $42.02 billion, while analysts surveyed by LSEG forecast earnings of $1.33 and revenue of $37.60 billion. The company raised its full-year revenue outlook to $159 billion to $161 billion. Analysts polled by FactSet expected $156.58 billion. — CNBC’s Hakyung Kim, Sarah Min and Michelle Fox contributed reporting.



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TAGGED:Breaking News: MarketsBusinessBusiness NewsCapital One Financial CorpCapri Holdings LtdCentene CorpColgate-Palmolive CoDeckers Outdoor CorpDexcom IncDigital Realty Trust IncEconomyJoby Aviation IncL3harris Technologies IncMarket InsiderMarketsOlin Corpregwall-marketmoversResmed IncSkechers USA IncStock marketsTapestry IncWestern Digital Corp
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