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Check out the companies making headlines before the bell:
Dollar Tree (DLTR) –The discount retailer's stock slid 6.6% in the premarket after cutting its full-year earnings forecast, due to the impact of pricing-related investments at its Family Dollar stores. Dollar Tree reported better than expected profit for its latest quarter, with revenue in line with Wall Street estimates.
Peloton (PTON) –Peloton tumbled 17.5% in premarket trading after reporting a larger than expected loss and revenue that fell well short of Street forecasts. Peloton also said its connected fitness business would remain challenging into 2023.
Abercrombie & Fitch (ANF) – Abercrombie shares took a 10.5% hit in the premarket after the apparel retailer reported an unexpected quarterly loss and lower than expected revenue numbers. It also cut its full year sales forecast, citing the impact of inflation.
Dollar General (DG) –Dollar General reported better than expected quarterly results, as well as same-store sales that rose more than analysts had anticipated. The discount retailer also increased its share repurchase authorization. The stock had been higher in the premarket but dipped negative after rival Dollar Tree cut its full-year forecast.
Salesforce (CRM) – Salesforce slid 6.3% in premarket trading after the business software giant cut its full year guidance, as economic uncertainty slows the pace of customer deals. Salesforce posted better than expected sales and profit for its most recent quarter.
Nvidia (NVDA) – Nvidia fell 3.6% in the premarket after missing estimates on the top and bottom lines with its quarterly results. The graphics chipmaker also issued a tepid forecast, as its gaming business continues to deal with
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