Check out the companies that make headlines before the bell:
Macy’s (M): Macy’s rose 15% in the pre-market after reporting better-than-expected earnings and revenue in the first quarter and increased its year-over-year earnings forecast. The results were boosted by strong demand for clothing as people returned to work and other activities away from home.
Dollar General (DG) – Dollar General shares rebounded 10.1% in pre-market trading after quarterly results exceeded Wall Street forecasts and comparable store sales fell less than expected . Dollar General also increased its in-store sales forecast as more shoppers turn to discount stores amid high inflation.
Dollar Tree (DLTR): Like its Dollar General competitor, Dollar Tree reported better-than-expected higher and lower results for its last quarter, with comparable store sales doubling. Street. Dollar Tree rose 12.3% in pre-market trading.
Twitter (TWTR): Twitter shares rose 5.6% in pre-market, after news that Elon Musk will pledge more than his own wealth to fund his $ 44 billion acquisition deal for company. A presentation to the SEC showed that Musk pledged $ 33.5 billion in capital, more than the previous $ 27.25 billion.
Medtronic (MDT): The latest quarterly results from the medical device maker have not reached analysts’ estimates as it felt the impact of global supply chain problems. Medtronic fell 3.3% in the pre-market.
Alibaba (BABA): China-based e-commerce giant’s latest quarterly earnings and revenue exceeded analysts’ estimates, helped by rising online demand amid China’s blockades by Covid-19. Alibaba shares rose 4.5% in pre-market share.
Baidu (BIDU) – Baidu rose 5.6% in pre-market trading as the search engine giant surpassed estimates in its last quarter despite the negative impact of Covid blockades in China. Baidu experienced strong growth during the quarter in its cloud-based services.
Nvidia (NVDA): Nvidia fell 4.2% in pre-market after graphics chip maker issued weaker-than-expected guidance for its current quarter, pointing to supply chain problems and more business slow in Russia. Nvidia reported better-than-expected earnings and revenue during its last quarter.
Williams-Sonoma (WSM): Williams-Sonoma rose 8.2% in pre-market trading, following a quarterly increase in earnings and revenue and a comparable increase in sales that tripled consensus estimates. The home furniture retailer reiterated its previous orientation for the whole year and, unlike many other retailers, expects profit margins to remain stable.
Snowflake (SNOW): Snowflake reported better earnings and revenue than expected in its last quarter, but the cloud data platform provider said some of its customers are spending more caution due to a uncertain macroeconomic environment. As a result, shares fell 13.3% in pre-market share.
Nutanix (NTNX): Nutanix shares fell 35.4% in pre-market trading after the cloud computing company issued a weaker-than-expected forecast. Nutanix cited supply chain issues that affected its hardware partners, among other factors.