Stocks with the biggest premarket gains: PLTR, CRWD, FL | Private Equity Weekly
Check out the companies making headlines before the market opens. Foot Locker — Shares of Foot Locker fell about 9.7% after the sneaker retailer reported a holiday quarter loss and provided weak guidance for the year. Foot Locker’s finance chief said the company expects the profit target it announced at its March 2023 investor day to be delayed by two years in order to meet its financial targets. CrowdStrike — Shares of CrowdStrike rose more than 23% after the cybersecurity company beat fourth-quarter earnings estimates. CrowdStrike’s adjusted earnings per share were 95 cents, beating the LSEG consensus estimate of 82 cents per share. The company’s revenue of $845 million also topped estimates of $839 million. Beyond that, management reiterated its target of $10 billion in annual recurring revenue by 2030. Palantir Technologies — Shares of Palantir rose 7.5% on news that Palantir has been awarded a $178.4 million contract from the U.S. Army to develop 10 artificial intelligence-powered ground stations as part of the Titan, or Tactical Intelligence Target Access Node, program. ChargePoint — The provider of electric vehicle charging stations disappointed with fourth-quarter guidance and revenue, sending shares down 5.5%. ChargePoint expects first-quarter revenue to be between $100 million and $110 million, while analysts polled by FactSet had expected $126.6 million. JD.com — The e-commerce company reported quarterly revenue growth and launched a new $3 billion stock buyback program that will begin on March 17 and run through March 2027, sending shares up about 10 %. Ross Stores — The discount chain’s fourth-quarter results beat expectations, sending its shares down 2.4%. Ross earned $1.82 per share on revenue of $6.02 billion. That was above analysts’ expectations of $1.65 per share on revenue of $5.81 billion, according to LSEG. Coinbase – Shares of the cryptocurrency exchange rose 5% as Bitcoin prices surged again on Wednesday. Coinbase shares were volatile on Tuesday, eventually falling more than 5%. Bitcoin hit a new all-time high on Tuesday. Box — The stock rose 2.9% after meeting fourth-quarter revenue guidance, according to LSEG. Cloud content management company Box also announced the integration of a new large-scale language model with Microsoft’s Azure OpenAI service. Nordstrom — Shares fell more than 9% after the department store issued full-year guidance. Nordstrom expects full-year revenue to fall 2% to grow 1% compared with the previous year. —CNBC’s Jesse Pond and Michelle Fox Theobald contributed reporting.
