Check out the companies making headlines in pre-market trading. Oracle — The information technology stock rose 13.3% on strong earnings per share. Oracle reported adjusted earnings of $1.41 per share, above the $1.38 consensus estimate of analysts polled by LSEG. HOLD — Shares plunged more than 14% after the shoe maker posted quarterly results that disappointed investors. On Holding lost 0.05 Swiss francs in the fourth quarter, missing estimates of 0.10 Swiss francs per share, according to StreetAccount consensus estimates. Revenue was CHF 447.1 million, missing consensus estimates of CHF 450.9 million. Kohl’s — Shares of Kohl’s rose 2.2% after the retailer reported better-than-expected fourth-quarter earnings and revenue. Earnings per share were $1.67, beating consensus estimates of $1.28, according to LSEG. Revenue was $5.71 billion, above expectations of $5.7 billion. The company also announced it will add Babies R Us stores to approximately 200 stores this fall. Asana — The work management platform fell 2.3% after providing weak full-year revenue guidance. Asana said it expected revenue in the range of $716 million to $722 million, below the $725 million forecast by analysts polled by LSEG. That diverted attention away from better-than-expected fourth-quarter earnings. Coinbase — Shares of Coinbase rose 2.1% after Raymond James said pessimism about the cryptocurrency trading platform has eased. The firm upgraded the stock to market perform from underperform, citing the impact of exchange-traded funds on inflows. Southwest Airlines — Shares of Southwest Airlines fell 7% after the airline said it was “reevaluating all previous full-year 2024 guidance, including capital expenditure expectations,” due to delays in Boeing aircraft deliveries. The airline expects its unit revenue to be flat and up no more than 2% compared with the same period last year, down from January’s forecast of 4.5% growth. Southwest Airlines also said first-quarter leisure bookings were weaker than expected. Bitdeer Technologies — The crypto stock rose 4.6% after B. Riley initiated a buy rating. Bitdeer is well-positioned due to its diversified business model and low-cost electricity, the company said. Ventyx — The biopharmaceutical stock gained 7.1% as Wall Street found reasons to like its latest clinical update. Wells Fargo upgraded the stock to “overweight” and raised its price target to $16. Meanwhile, Oppenheimer upgraded its rating to outperform and raised its price target to $12 per share. Microstrategy – Shares of the Bitcoin developer rose 6.2% on upbeat comments from Wall Street analysts. Canaccord Genuity, which has a buy rating, said the stock is not “resting on its laurels” as Bitcoin rallies to new all-time highs and raised its price target to $1,810. TD Cowen also raised its price target to $1,560 while maintaining an Outperform rating, noting that its Bitcoin holdings have grown rapidly. —CNBC’s Sarah Min, Lisa Kailai Han and Michelle Fox contributed reporting
