Stocks Making the Greatest Movements Premarket 03/02

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Last Updated on March 2, 2023 by Bitfinsider

Salesforce — Shares of the cloud software developer surged nearly 16% in premarket trading after the company’s most recent earnings report and outlook surpassed Wall Street’s expectations. Additionally, Salesforce announced that it is extending its share repurchase program, which was introduced last year.

Best Buy — The consumer goods retailer lost 1.9% after its earnings and sales forecasts for the fiscal year fell short of expectations. Best Buy anticipates a 3% to 6% drop in annual sales, noting the macroeconomic climate. However, quarterly profits exceeded expectations.

Macy’s — According to Refinitiv, the retailer’s stock price rose 7.3% after earnings per share surpassed forecasts and sales met them. Macy’s fourth-quarter profits per share were $1.71, exceeding the expected $1.57. At $8.26 billion, revenue was in line with expert projections.

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