Check out the companies making headlines in premarket trading. Robinhood — The online brokerage rose more than 3% after revealing a $200 million deal to purchase crypto exchange Bitstamp. The deal is expected to close in the first half of 2025. Nvidia — The artificial intelligence darling traded 1.8% higher, building on momentum from Wednesday’s rally that pushed the stock’s market cap above $3 trillion. Goldman Sachs maintained its buy rating on the stock, calling it the “industry standard.” Lululemon — The athleisure retailer jumped 8.6% after its first-quarter results topped analyst expectations. However, the company offered weak second-quarter outlook as it grapples with cooling in the Americas, which is its largest market. Five Below — The discount retailer slid 15.8% on soft current-quarter revenue guidance. Five Below told investors to expect between $830 million and $850 million, while analysts polled by LSEG forecasted $883 million. Revenue in the first came also came in below expectations. Smartsheet — The workplace technology platform rallied 14% on the heels of a stronger-than-expected first-quarter report. Smartsheet recorded adjusted earnings of 32 cents per share and $263 million in revenue, while analysts surveyed by LSEG anticipated 27 cents a share and $258 million in revenue. Sprinklr — The business technology stock dove 21.1% in the wake of weak guidance for the current quarter and full year. Spri …
Article Attribution | Read More at Article Source
[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in premarket trading. Robinhood — The online brokerage rose more than 3% after revealing a $200 million deal to purchase crypto exchange Bitstamp. The deal is expected to close in the first half of 2025. Nvidia — The artificial intelligence darling traded 1.8% higher, building on momentum from Wednesday’s rally that pushed the stock’s market cap above $3 trillion. Goldman Sachs maintained its buy rating on the stock, calling it the “industry standard.” Lululemon — The athleisure retailer jumped 8.6% after its first-quarter results topped analyst expectations. However, the company offered weak second-quarter outlook as it grapples with cooling in the Americas, which is its largest market. Five Below — The discount retailer slid 15.8% on soft current-quarter revenue guidance. Five Below told investors to expect between $830 million and $850 million, while analysts polled by LSEG forecasted $883 million. Revenue in the first came also came in below expectations. Smartsheet — The workplace technology platform rallied 14% on the heels of a stronger-than-expected first-quarter report. Smartsheet recorded adjusted earnings of 32 cents per share and $263 million in revenue, while analysts surveyed by LSEG anticipated 27 cents a share and $258 million in revenue. Sprinklr — The business technology stock dove 21.1% in the wake of weak guidance for the current quarter and full year. Spri …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
