Pre-Open Movers: lululemon Ramps on Strong Results, PolyPid Sinks Drug Failure

Pre-Open Stock Movers

PolyPid Ltd. (NASDAQ: PYPD) 77% LOWER; Phase 3 SHIELD I Trial of D-PLEX100 Didn't Achieve Statistical Significance

HashiCorp, Inc. (NASDAQ: HCP) 17% HIGHER; post solid Q2 results with revenue rising 52%

Hollysys Automation (NASDAQ: HOLI) 17% HIGHER; a consortium led by the company's management plans to take the company private in a deal that would value the company at $1.8 billion, according to a report.

lululemon athletica (NASDAQ: LULU) 10% HIGHER; reported Q2 EPS of $2.20, $0.34 better than the analyst estimate of $1.86. Revenue for the quarter came in at $1.9 billion versus the consensus estimate of $1.77 billion. lululemon athletica sees Q3 2022 EPS of $1.90-$1.95, versus the consensus of $1.78. lululemon athletica sees Q3 2022 revenue of $1.78-1.805 billion, versus the consensus of $1.73 billion. lululemon athletica sees FY2022 EPS of $9.75-$9.90, versus the consensus of $9.44. lululemon athletica sees FY2022 revenue of $7.865-7.94 billion, versus the consensus of $7.69 billion.

nCino, Inc. (NASDAQ: NCNO) 8% HIGHER; reported Q2 EPS of ($0.04), $0.04 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $99.6 million versus the consensus estimate of $97.51 million. nCino, Inc. sees Q3 2023 EPS of ($0.02)-($0.03), versus the consensus of ($0.07). nCino, Inc. sees Q3 2023 revenue of $103-104 million, versus the consensus of $101.8 million. nCino, Inc. sees FY2023 EPS of ($0.17)-($0.19), versus the consensus of ($0.29). nCino, Inc. sees FY2023 revenue of $401.5-403.5 million, versus the consensus of $391.5 million.

Broadcom (NASDAQ: AVGO) 4% HIGHER; reported Q3 EPS of $9.73, $0.17 better than the analyst estimate of $9.56. Revenue for the quarter came in at $8.46 billion versus the consensus estimate of $8.41 billion. Broadcom sees Q4 2022 revenue of $8.9 billion, versus the consensus of $8.7 billion.

Oxford Industries (NYSE: OXM) 3% LOWER; reported Q2 EPS of $3.61, $0.14 better than the analyst estimate of $3.47. Revenue for the quarter came in at $363 million versus the consensus estimate of $364 million. Oxford Industries sees Q3 2022 EPS of $9.85-$10.10, versus the consensus of $9.88. Oxford Industries sees Q3 2022 revenue of $1.3-1.325 million, versus the consensus of $1.3 million.

Ooma (NYSE: OOMA) 3% HIGHER; reported Q2 EPS of $0.12, $0.02 better than the analyst estimate of $0.10. Revenue for the quarter came in at $52.7 million versus the consensus estimate of $51.66 million. Ooma sees Q3 2023 EPS of $0.11-$0.13, versus the consensus of $0.09. Ooma sees Q3 2023 revenue of $56-56.5 million, versus the consensus of $53.8 million. Ooma sees FY2023 EPS of $0.45-$0.49, versus the consensus of $0.39. Ooma sees FY2023 revenue of $215.5-218.5 million, versus the consensus of $212.04 million.

Ford Motor Company (NYSE: F) 3% HIGHER; August sales rise 27.3 percent

Okta, Inc (NASDAQ: OKTA) 2% HIGHER; Guggenheim upgraded from Sell to Neutral.

Quanex (NYSE: NX) 2% LOWER; reported Q2 EPS of $0.79, $0.18 better than the analyst estimate of $0.61. Revenue for the quarter came in at $324 million versus the consensus estimate of $300.5 million.

Starbucks (NASDAQ: SBUX) 2% LOWER; announced that Laxman Narasimhan will become the companys next chief executive officer and a member of the Starbucks Board of Directors.

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