Stocks making the biggest moves premarket: Dollar Tree, CrowdStrike, Wells Fargo, Constellation Energy and more
Check out the companies making headlines in premarket trading: Dollar Tree — The budget retailer slid about 4% after saying earnings per share could decline as much as 50% in the current quarter, partly due to cost pressures from tariffs. Analysts polled by FactSet expected earnings per share to fall just 2%. Thor Industries — The RV maker jumped about 12% after posting stronger-than-expected earnings for the fiscal third quarter and reaffirming full-year guidance. Thor earned $2.53 per share on revenue of $2.89 billion, while analysts surveyed by FactSet anticipated $1.79 in earnings per share and $2.61 billion in revenue. Hewlett Packard Enterprise — Shares jumped more than 7% after sales and profit at the data storage and networking services provider topped analysts’ estimates and it raised its profit outlook, expecting to take a smaller hit from tariffs than previously expected and saying most of its products comply with the U.S.-Mexico-Canada free trade deal. In the latest quarter, HPE earned an adjusted 38 cents per share on revenue of $7.63 billion, above analysts’ consensus 32 cents per share on $7.45 billion in revenue, according to LSEG. CrowdStrike — The cybersecurity stock tumbled about 7% after saying it expects current-quarter revenue between $1.14 billion and $1.15 billion, missing the consensus forecast of $1.16 billion from analysts polled by LSEG. First-quarter revenue matched analysts’ estimates at $1.10 billion. Asana — The enterprise software provider dropped 12%. First-quarter earnings of 5 cents per share, excluding items, on revenue of $187 million, topped analysts’ estimates of 2 cents in earnings per share and $186 million in revenue, according to LSEG. The stock had run up 17% over the past month. Guidewire Software — The insurance technology provider climbed about 14% after fiscal third-quarter earnings exceeded Wall Street estimates, coming in at 88 cents per share, excluding one-time items, on revenue of $294 million. Analysts surveyed by LSEG anticipated 46 cents in earnings per share and $284 million in revenue. Wells Fargo — The money center bank rose nearly 3% after the Federal Reserve removed an asset cap dating back to 2018 on the San Francisco-based lender. The regulatory restriction had limited the bank’s growth while it revamped its governance and risk management following several controversies. Constellation Energy — Shares lost nearly 3% after Citigroup downgraded to neutral from buy. Citi’s call came after Constellation agreed Tuesday to sell nuclear-generator power to Meta Platforms as part of a 20-year contract. — CNBC’s Pia Singh and Jesse Pound contributed reporting.
