{"id":14425,"date":"2023-08-25T13:17:25","date_gmt":"2023-08-25T13:17:25","guid":{"rendered":"https:\/\/isafespend.com\/news\/stocks-making-the-biggest-moves-premarket-marvell-technology-affirm-hawaiian-electric-and-more\/"},"modified":"2023-08-25T13:17:26","modified_gmt":"2023-08-25T13:17:26","slug":"stocks-making-the-biggest-moves-premarket-marvell-technology-affirm-hawaiian-electric-and-more","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=14425","title":{"rendered":"Stocks making the biggest moves premarket: Marvell Technology, Affirm, Hawaiian Electric and more"},"content":{"rendered":"<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<div class=\"group\">\n<p><em>Check out the companies making headlines before the bell.<\/em><\/p>\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\">Marvell Technology<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> \u2014 Shares fell more than 3% before the bell despite the company topping Wall Street&#8217;s expectations for the recent quarter. Marvell posted earnings of 33 cents per share, excluding items, on $1.34 billion in revenue. Analysts surveyed by Refinitiv had forecasted 32 cents per share and $1.33 billion. Revenue and EPS expectations for the current period were roughly in line with expectations.<\/p>\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-2\">Affirm<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> \u2014 The online payment firm saw its stock popped nearly 7% before the bell after reporting stronger-than-expected fiscal fourth-quarter results and fiscal first-quarter revenue guidance. For the recent period, Affirm posted a smaller-than-expected loss of 69 cents per share on revenues of $446 million. Analysts polled by Refinitiv had expected a loss of 85 cents per share on $406 million in revenue.<\/p>\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-3\">Hawaiian Electric<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> \u2014 Shares tumbled 20% following news late Thursday that Maui County is suing the utility company for damages over the island&#8217;s wildfires. The county said Hawaiian Electric left its powerlines energized despite warnings of high winds. Hawaiian Electric told NBC News it was disappointed that Maui County &#8220;chose this litigious path while the investigation is still unfolding,&#8221;<\/p>\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-6\">Nordstrom<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> \u2014 The department store retailer lost 3.6% before the bell. Nordstrom topped Wall Street&#8217;s quarterly earnings and revenue expectations but stuck by its previously issued full-year forecast calling for a 4% to 6% revenue decline. The company reported earnings of 84 cents per share on revenues totaling $3.77 billion.<\/p>\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-8\">Workday<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> \u2014 Shares of the enterprise software company rose 3% in premarket trading after Workday reported stronger-than-expected results for the second quarter. Workday said it generated $1.43 in adjusted earnings per share on $1.79 billion of revenue during the quarter. Analysts surveyed by Refinitiv were looking for $1.26 per share on $1.77 billion of revenue. The company did say it expected subscription revenue growth to slow in the third quarter but it has a total subscription revenue backlog of nearly $18 billion.<\/p>\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-9\">Intuit<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> \u2014 Intuit&#8217;s stock fell 1.2% before the bell after the software company topped quarterly expectations but offered a mixed outlook. Fiscal fourth-quarter adjusted earnings came in at $1.65 per share, versus the $1.44 expected by analysts polled by Refinitiv. Intuit posted $2.71 billion in revenue, ahead of the $2.64 billion expected. The company shared stronger-than-expected full-year guidance<\/p>\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-10\">Ulta Beauty<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> \u2014 The stock rose nearly 1% after the beauty retailer reported second-quarter results that topped analyst expectations, posting earnings of $6.02 per share on $2.53 billion in revenue. Analysts polled by Refinitiv had anticipated earnings of $5.85 per share on $2.51 billion in revenue, according to Refinitiv. Ulta also reported stronger-than-expected same-store sales growth and raised its full-year forecast.<\/p>\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-11\">Gap<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> \u2014 Gap shares gained 1.8% after the retailer posted mixed quarterly results. Adjusted earnings per share came in at 34 cents, ahead of the 9 cents expected by analysts polled by Refinitiv. The retailer reported $3.55 billion in revenue, shy of the $3.57 billion estimated. Sales dropped on a year-over-year basis and Gap said it anticipates a low double-digit decline in net sales for the fiscal third quarter.<\/p>\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-13\">AMC Entertainment<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> \u2014 AMC Entertainment shares rose nearly 1% ahead of Friday&#8217;s anticipated stock conversion. The company is expected to convert its preferred equity units to common stock at the open.<\/p>\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-15\">Netflix<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> \u2014 Netflix rose 0.7% after Loop Capital upgraded the streaming giant to buy from hold. Analyst Alan Gould hiked his price target to imply upside of more than 20%, and said the stock is at an attractive price after a recent pullback amid the ongoing Hollywood strikes.<\/p>\n<p><em>\u2014 CNBC&#8217;s Jesse Pound, Sarah Min and Michelle Fox contributed reporting<\/em><\/p>\n<\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.cnbc.com\/2023\/08\/25\/stocks-making-the-biggest-moves-premarket-mrvl-afrm-he.html\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Check out the companies making headlines before the bell. Marvell Technology \u2014 Shares fell more than 3% before the bell despite the company topping Wall Street&#8217;s expectations for the recent quarter. Marvell posted earnings of 33 cents per share, excluding items, on $1.34 billion in revenue. Analysts surveyed by Refinitiv had forecasted 32 cents per<\/p>\n","protected":false},"author":1,"featured_media":14426,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":{"0":"post-14425","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stocks making the biggest moves premarket: Marvell Technology, Affirm, Hawaiian Electric and more | iSafeSpend<\/title>\n<meta name=\"description\" content=\"Check out the companies making headlines before the bell.Marvell Technology \u2014 Shares fell more than 3% before the bell despite the company topping Wall\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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