Check out the companies making headlines before the bell: Apple — The tech giant saw shares fall 3.5% in premarket trading after President Donald Trump said in a social media post that Apple will have to pay a tariff of 25% or more for iPhones made outside the U.S. Nuclear stocks — Stocks tied to nuclear energy rose as a group after Reuters reported , citing sources, that Trump will sign orders to boost nuclear power as soon as Friday. Shares of Oklo and NuScale rallied more than 8% each. Constellation Energy gained 2%, while Cameco rose 4%. Intuit — Shares rallied nearly 8% after the tax software company issued a rosy full-year outlook. Intuit expects adjusted earnings in the range of $20.07 to $20.12 per share, up from its previous guidance of $19.16 to $19.36 per share. Analysts expected $19.40 in earnings per share, according to consensus estimates from FactSet. The company’s fiscal third-quarter also beat expectations. Ross Stores — The stock sank more than 12% after the off-price retailer withdrew its previously announced full-year guidance, citing the varying nature of tariff announcements. Its second-quarter earnings guidance also fell short of expectations. Ross Stores said it anticipates pressure on profitability if tariffs stay at elevated levels. Deckers Outdoor — Shares plunged 19% after the maker of Ugg boots declined to provide full-year guidance for fiscal 2026. Deckers Outdoor cited “macroeconomic uncertainty related to evolving global trade policies.” On the other hand, fourth-quarter results exceeded expectations on the top and bottom lines, according to LSEG. Tesla — Shares of the electric vehicle maker fell 1.1% even after Wedbush Securities analyst Dan Ives lifted his price target on Tesla shares. Ives said he believes “the golden age of autonomous is now on the doorstep for Tesla” ahead of the company’s expected robotaxi launch in Austin, Texas, next month. Workday — Shares dropped more than 8% after the human resources software company issued second-quarter subscription revenue forecast of $2.16 billion, which matched the StreetAccount consensus estimate. However, the company’s first-quarter results surpassed expectations on the top and bottom lines. StepStone Group — Shares gained more than 5% after the private market investment firm reported assets under management jumped to $189.4 billion in the fiscal fourth quarter, up from $156.6 billion in the year-ago period. Autodesk — Shares rose more than 1% after the software company issued a second-quarter outlook that beat expectations. AutoDesk expects current-quarter adjusted earnings in the range of $2.44 to $2.48 per share, with revenue of $1.72 billion to $1.73 billion. Analysts surveyed by LSEG were anticipating earnings of $2.34 per share and revenue of $1.70 billion. Xerox — The stock fell more than 9% after Xerox updated its capital allocation policy ahead of its planned acquisition of Lexmark, saying it is cutting its dividend by 80% to 2.5 cents from 12.5 cents previously. It reiterated its fiscal 2025 outlook. — CNBC’s Michelle Fox, Alex Harring, Yun Li and Pia Singh contributed reporting.
Add A Comment