Best Buy, Dick’s Sporting, Abercrombie & Fitch, and Other Stocks Are Among Those Making the Most Significant Price Changes Before the Market Opens

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Last Updated on November 22, 2022 by Bitfinsider

Best Buy
(BBY) — Best Buy gained 7% in the premarket after its third-quarter results above analyst expectations. Comparable store sales for the electronics retailer also declined less than anticipated. Best Buy upped their full-year outlook in addition to increasing shop traffic with the assistance of discounts.

Dick’s Athletic Equipment
(DKS) – The athletic goods retailer announced higher-than-anticipated third-quarter earnings and revenue, as well as an unexpected gain in comparable store sales. The corporation also increased its forecast for the full year. In premarket trading, Dick’s shares initially increased by over 7% before declining.

Cash Store
(DLTR) — Dollar Tree slumped 4.4% in premarket trading despite reporting better-than-expected top and bottom lines and comparable store sales for its most recent quarter. The discount retailer anticipates full-year earnings to fall in the lower half of its previous projection range.

Abercrombie & Fitch
(ANF) – Abercrombie & Fitch shares jumped 12.8% in premarket trading after announcing an unexpected quarterly profit and outperforming revenue estimates from Wall Street. As consumers returned to work and participated in more social activities, there was a resurgence in demand for jeans and dresses at the clothing business.

(MDT) – The medical device manufacturer’s stock slid 3% in premarket trade on the announcement of a small earnings beat on revenue that fell short of the consensus estimate. The higher U.S. dollar and a slower-than-anticipated comeback in device-related procedures negatively impacted Medtronic’s financial performance.

Zoom Communications Video
(ZM) – Zoom fell 9.3 percent in premarket trading after giving weaker-than-anticipated projections for the current quarter. The video communications company posted better-than-expected profits for its most recent quarter, but its overall growth during the epidemic has significantly slowed.

Dell Technologies
(DELL) – In premarket trade, Dell declined 1.6% due to a weaker-than-anticipated revenue forecast for the current quarter. Dell did outperform analyst projections for the third quarter, but the company stated that a sluggish economy, inflation, and other economic issues will constrain customer spending.

Urban Outfitters
(URBN) — Urban Outfitters announced quarterly earnings that were slightly below predictions, but revenue that exceeded Street forecasts. The corporation expressed optimism regarding the Christmas quarter’s current trends. In premarket trading, Urban Outfitters rose 2.2%.

Agilent Technologies
(A) Agilent’s stock rose 4.4% in after-hours trading following the company’s announcement of quarterly earnings that exceeded expectations. Throughout the quarter, sales increased across all of Agilent’s divisions.

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