Stocks Making the Greatest Movements Premarket 03/03

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Last Updated on March 3, 2023 by Bitfinsider

Hewlett Packard Enterprise — After Hewlett Packard Enterprise’s newest quarterly results surpassed Wall Street’s expectations, the company’s shares rose by nearly 3 percent. The company’s adjusted profits per share were 63 cents, and its revenue was $7.81 billion. Refinitiv analysts anticipated profits of 54 cents per share on sales of $7.43 billion.

ChargePoint Holdings — Shares fell 11% after the company disclosed a quarterly sales shortfall. The electric car infrastructure company’s fourth-quarter revenue was $152.8 million, which was less than the $164.6 million average expectation from FactSet. Additionally, the business gave lackluster guidance.

Zscaler — Shares of the cybersecurity firm fell 11% in premarket trading despite Zscaler exceeding fourth-quarter revenue and earnings forecasts. The company’s adjusted earnings per share were 37 cents, exceeding the 29 cents anticipated by experts, according to Refinitiv. Nonetheless, several analysts identified the billings forecasting as an indication of weakness, with Stifel analyst Adam Borg writing in a client note that the guidance was “muted.”

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