Shares that make the largest movements before the market: Home Depot, Palo Alto Networks, Shopify, AMC and more

Check out the companies that make headlines before the clock:

At home (HD) – The home improvement store beat quarterly estimates by 3 cents with a profit of $ 2.65 per share. Revenue also came up above. Comparable store sales increased by 24.5% during the fourth quarter, more than the 19.2% consensus estimate of analysts surveyed by FactSet. However, Home Depot will not provide guidance in 2021 due to uncertainty surrounding the pandemic. The shares fell by 2.7% before the market.

Macy’s (M) – The dealer reported one adjusted quarterly results at 80 cents per share, well above the consensus estimate of 12 cents, and revenue also exceeds Wall Street forecasts. Comparable store sales decreased by 17.1% on an owned + licensed basis, less than the 21.3% decrease expected by analysts surveyed by Refinitiv. Macy’s stock rose 2.2% relative to the market.

Tesla (TSLA) – Tesla shares fell more than 5% after trading on Tuesday after suffering their biggest loss in a day of months on Monday. Wedbush analyst Dan Ives warns Tesla’s share price is now directly linked to the price of bitcoin after the manufacturer of electric cars in the cryptocurrency.

Palo Alto Networks (PANW) – Palo Alto Networks reported adjusted quarterly earnings of $ 1.55 per share, 12 cents above estimates, and the cybersecurity company’s revenue also beat forecasts. Palo Alto issued a mostly weaker-than-expected earnings trend for the current quarter, but noted the opportunities offered by the massive SolarWinds hack. Shares decreased by 3.7% before the market.

Churchill Capital IV (CCIV) – Lucid Motors will be announced through a merger with the blank check company in a deal that values ​​the combination at $ 24 billion. The deal would bring in $ 4.4 billion to the California-based manufacturer of luxury electric vehicles. Churchill Capital shares fell 34.5% in pre-market trading.

InterContinental Hotels Group (IHG) – IHG reported a $ 153 million operating loss for 2020, damaged by the Covid-19 pandemic and resulting deadlock. However, the company said that the Holiday Inn Express brand outperformed key markets and that global travel was beginning to recover. The shares rose 1.2% before the market.

Johnson & Johnson (JNJ) – J&J allocates $ 3.9 billion in talk-related disputes, according to an SEC application. In November, the company said it would set aside $ 2.1 billion for talc cases, as it faces thousands of lawsuits claiming that its talc products caused cancer.

Occidental Petroleum (OXY) – Occidental lost adjusted 78 cents per share for its most recent quarter, wider than the 59 percent loss analysts expected. Revenues also missed forecasts. The loss came despite a recovery in oil and gas prices. The shares fell by 2.2% before the market.

Shopify (SHOP) – Shopify priced a $ 1.18 million share offer at $ 1315 per share, with the e-commerce platform provider expected to raise approximately $ 1.55 billion from the sale. Shopify plans to use the revenue to strengthen its balance sheet. The shares fell by 5.5% in relation to the market.

Carnival (CCL) – The cruise operator’s shares fell 3.4% before the market after pricing an offer of about 40.45 million ordinary shares at $ 25.10 per share, where the cruise operator tried to raise about $ 1 billion to use for general business purposes. . The cruise industry has been shut down during the pandemic.

RealReal (REAL) – RealReal lost adjusted 49 cents per share for its most recent quarter and booked revenue that also fell short of analyst forecasts. Used luxury retailer said that 2020 was a challenging year, with the pandemic “temporarily disrupting” its path to profitability. The share fell 10.8% before the market.

ZoomInfo (ZI) – ZoomInfo rose 8.1% after trading 2 cents with adjusted quarterly earnings of 12 cents per share. The marketing database provider’s revenue also beats forecasts. ZoomInfo also provided optimistic prospects for the current quarter and full year.

AMC Entertainment (AMC) – The cinema operator’s shares jumped 3.4% before the market after news that New York City cinemas will reopen with limited capacity on March 5.

Wells Fargo (WFC) – The bank announced another deal sell its Wells Fargo Asset Management unit to private equity firms GTCR and Reverence Capital for $ 2.1 billion. Wells Fargo will retain a 9.9% stake in the business.

Dollar General (DG) – Dollar General is taking steps to find a potential successor to CEO Todd Vasos, according to people familiar with the matter who spoke to Reuters. Sources say that Vasos had not communicated any intention to leave the discount retailer when his contract expires in June, calling the process “good governance.”

—CNBC’s Sara Salinas contributed to this report.

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