NVDA, BOX, DLTR, F and more
Check out the companies making headlines in premarket trading. Nvidia — Shares of the chipmaker rebounded about 2% on Wednesday morning, regaining some lost ground from this week. The stock is down more than 7% so far week to date. CrowdStrike — The cybersecurity firm pulled back more than 7%. CrowdStrike sees full-year revenue in the range of $4.74 billion to $4.81 billion, while analysts polled by FactSet were looking for $4.77 billion. However, operating income guidance for the first quarter came in below expectations, ranging from $173.1 million to $180 million. Analysts anticipated a forecast of around $218.2 million. Flutter Entertainment — Shares gained more than 1% after Flutter Entertainment posted fourth-quarter results that topped expectations. The sports betting and gambling operator posted per-share earnings of $2.94, exceeding the FactSet consensus estimate of $1.96 earnings per share. Revenue of $3.79 billion also topped the $3.75 billion that was expected by analysts. Automakers — Shares of General Motors , Ford and Stellantis rose in premarket trading on the hope that President Donald Trump could scale back tariffs on Canada and Mexico, which would hit automakers particularly hard. General Motors and Ford shares gained 3.9% and 1.8%, respectively, while Stellantis jumped 5.7%, following losses in the previous session. Box — Shares declined more than 7% after the cloud company’s top-line guidance fell short of estimates. Box sees first-quarter revenue coming in between $274 million and $275 million, while analysts polled by LSEG expected $279.5 million. To be sure, Box’s fourth-quarter revenue of $280 million exceeded Wall Street’s consensus of $279 million. Thor Industries — The stock moved 1.2% higher after the RV manufacturer reported mixed results for its fiscal second quarter. Revenue came in at $2.02 billion, topping the $1.98 billion expected from analysts polled by FactSet. However, earnings disappointed. Thor Industries also lowered its earnings guidance and the top end of its revenue guidance for the full year. AeroVironment — Stock in the unmanned aircraft maker plummeted more than 19% after the firm reported weaker-than-expected full-year guidance. AeroVironment forecast adjusted earnings in the range of $2.92 to $3.13 per share on revenue of $780 million to $795 million. Analysts surveyed by LSEG were looking for $3.45 per share $821 million in revenue. Dollar Tree — Shares of the discount retailer ticked up about 2% after Dollar Tree announced Stewart Glendinning will become the company’s next chief financial officer beginning on March 30. AppLovin — The mobile technology company added more than 2%. AppLovin is currently engaged in talks to sell its gaming segment to Trpledot Studios for roughly $900 million, per a report from Business Insider . — CNBC’s Hakyung Kim, Sarah Min, Michelle Fox and Pia Singh contributed reporting
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