Dollar General, Snowflake, Salesforce fall premarket; Kroger, Five Below rise
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By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Thursday, December 1st. Please refresh for updates.
Dollar General (NYSE: DG) stock fell 6.5% after the discount chain trimmed its annual profit forecast, signaling that pressures on margins were mounting amid higher costs and a drop in demand for discretionary items.
Kroger (NYSE: KR) stock rose 3.2% after the supermarket chain raised its annual same-store sales forecast, boosted by steady demand for groceries and household essentials.
Snowflake (NYSE: SNOW) stock fell 4.5% after the cloud computing firm offered light full-year revenue guidance despite beating expectations on both the top and bottom lines in the third quarter.
Salesforce (NYSE: CRM) stock fell 7.1% after the cloud-based software company announced that Bret Taylor would step down as co-chief executive officer in January, creating uncertainty over future direction.
Five Below (NASDAQ: FIVE) stock rose 9.4% after the discount retailer posted stronger-than-expected third quarter earnings, noting that sales continued to accelerate over the final weeks of the period.
Costco (NASDAQ: COST) stock fell 2.7% after the big-box retailer reported a sharp drop in e-commerce sales in the November period.
Okta (NASDAQ: OKTA) stock surged 17% after the identity management software provider beat expectations for both revenue and earnings in the third quarter, and issued positive fourth quarter guidance.
PVH (NYSE: PVH) stock rose 8.7% after the owner of Calvin Klein and Tommy Hilfiger reported strong revenue gains in North America in the third quarter, offsetting declines overseas.
Victoria's Secret (NYSE: VSCO) stock fell 4.4% after the lingerie retailer reported a drop in total sales of 8.5% in the third quarter, amid concerns about declines in average purchase amounts.
Splunk (NASDAQ: SPLK) stock rose 8% after the software company lifted its full-year outlook on strong cloud revenue after reporting strong third-quarter results.
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