Check out the companies that make news before the bell:
Coty (COTY) – The cosmetics maker’s shares added 2.7% to the pre-market after saying it expects a return to annual sales growth this year. Coty’s tight loss for its last quarter was 9 cents a share, 3 cents more than expected, but sales exceeded Wall Street forecasts.
General Dollar (DG): The discount retailer exceeded estimates by 10 cents, with adjusted quarterly earnings of $ 2.69 per share and slightly higher-than-expected revenue. Comparable in-store sales fell 4.7%, less than the 5.1% drop expected by analysts surveyed by StreetAccount. However, Dollar General forecast lower-than-expected earnings for the full year, and its shares fell 2.9% in premarket trading.
Dollar Tree (DLTR): Dollar Tree shares fell 3.1% in pre-market trading after the discount retailer recorded a mixed quarter. Revenue fell below street forecasts, while earnings of $ 1.23 per share exceeded the consensus estimate of $ 1.00.
JM Smucker (SJM): The food producer earned $ 1.90 per share adjusted during its last quarter, 4 cents above estimates, with revenues slightly higher than Wall Street projections. However, Smucker cut its year-round forecast, noting higher input costs and supply chain disruptions. Shares lost 1.9% in the premarket.
Abercrombie & Fitch (ANF): Shares of clothing retailer fell 7% in the pre-market, as revenues fell below analysts ’forecasts. Abercrombie reported an adjusted profit of $ 1.70 per share, compared to a consensus estimate of 77 cents.
Salesforce.com (CRM) – Salesforce earned a tight $ 1.48 per share during the second quarter, surpassing the consensus estimate of 92 cents, with revenue also surpassing Wall Street forecasts. Salesforce also issued an optimistic outlook as companies continue to shift applications to the cloud. Shares rose 2.9% in premarket trading.
Ulta Beauty (ULTA): Ulta shares rose 6.4% in the pre-market after more than doubling the $ 2.59 consensus with a quarterly profit of $ 4.56 per share. The cosmetics retailer’s revenue also exceeded estimates and increased its year-over-year outlook as the overall improvement in the beauty industry continues.
Williams-Sonoma (WSM) – Williams-Sonoma rose 15.2% in pre-market trading after upper and lower overruns, as well as a high outlook and a 20% dividend increase. The household items retailer reported an adjusted quarterly profit of $ 3.24 per share compared to the consensus estimate of $ 2.61 as the pandemic-induced approach to households continued and home decor.
Box (BOX): Box exceeded estimates by 2 cents with an adjusted quarterly profit of 21 cents per share, while the cloud storage company’s revenue also exceeded analysts ’forecasts. Box also raised its year-round revenue focus, saying it continues to benefit from the “megatrend” of the digital transformation. However, shares fell 1.7% in premarketing stock
Snowflake (SNOW): Snowflake lost 4 cents per share during its last quarter, narrower than the 15-cent loss projected by Wall Street, while database software company revenue went overcoming consensus. Sales doubled more than a year ago, but their overall loss widened compared to the previous year. Snowflake jumped 5.2% in premarket trade.
Pure Storage (PSTG): Pure storage soared 14.1% in the pre-market after nearly tripling the consensus estimate of 5 cents with adjusted quarterly earnings of 14 cents per share. The cloud storage company’s revenue also surpassed street projections, as subscription revenue increased 31% from a year ago.
Autodesk (ADSK): Autodesk shares fell 7.7% in premarket trading as quarterly earnings only matched estimates and their current quarterly profit orientation disappointed investors. Autodesk surpassed estimates by 8 cents for its last quarter with adjusted quarterly earnings of $ 1.21 per share.
Western Digital (WDC) – Western Digital is in talks for a possible $ 20 billion merger with Japanese chip maker Kioxia, according to several reports. Talks are said to have heated up in recent weeks and an agreement could be reached as early as mid-September, according to people familiar with the matter. Western Digital rose 1% in the premarket.