Check out the companies making headlines in premarket trading. Dropbox â Shares of the cloud storage company pulled back nearly 13% after the company issued lower-than-expected first-quarter revenue guidance. Dropbox now forecasts revenue in the range of $627 million to $630 million, while analysts surveyed by FactSet expected $632.5 million. Ingersoll Rand â Shares climbed nearly 6% before the opening bell after the industrial products company beat Wall Street estimates on the top and bottom line in the fourth-quarter. Ingersoll reported earnings of 86 cents per share, excluding items, on revenue of $1.82 billion, while analysts polled by FactSet forecast 77 cents per share and $1.77 billion, respectively. Vulcan Materials â Stock in the construction materials company climbed more than 2% after fourth-quarter earnings were better-than-expected. Vulcan earned $1.46 per share, after adjustments, while analysts polled by FactSet expected $1.40. Toast â Shares soared nearly 8% in premarket trading after fourth-quarter results surpassed Wall Street estimates on the top and bottom line. The company also announced plans for a $250 million share repurchase, and said it planned to lay off 550 employees . Applied Materials â Shares gained about 12% after the semiconductor production equipment company’s fiscal first-quarter results were above consensus estimates, and also issued higher-than-expected revenue guidance for the second-quarter. Applied Materials estimates second-quarter revenue of roughly $6.5 billion compared with estimates from analysts polled by FactSet, which called for $6.34 billion. Trade Desk â Shares skyrocketed more than 18% after the company beat revenue estimates in the fourth-quarter and issued higher-than-expected first-quarter guidance. The firm estimates sales will be least $478 million, outpacing LSEG estimates of $452 million. Roku â Shares pulled back 17% after the streaming services company reported a…
2024-02-16 08:44:00
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