Stocks Making the Greatest Movements Premarket 05/23

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Last Updated on May 23, 2023 by Bitfinsider

Lowe’s Corporations — After lowering its full-year forecast for total sales, comparable sales, and adjusted earnings per share, the home improvement retailer’s shares declined by approximately 1 percent. However, Lowe’s first-quarter earnings and revenue exceeded expectations.

Dick’s Sporting Goods — Prior to the opening bell, shares of the sporting goods retailer increased by more than 2% as a result of a quarterly top- and bottom-line beat. Dick’s Sporting Goods surpassed earnings estimates by 22 cents per share and maintained its 2023 outlook.

Zoom Video Communications — Zoom fell 0.7% in premarket trading following the release of its first-quarter results. The video conferencing company reported adjusted earnings of $1.16 per share, exceeding the Refinitiv consensus estimate of 99 cents per share. It generated $1.11 billion in revenue, surpassing $1.08 billion. However, its guidance for the second quarter was largely in accordance with expectations.

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