Check out the companies making headlines in premarket trading. Lowe’s – The home improvement retailer fell 3.9% after cutting its full-year sales outlook. Lowe’s also missed analyst expectations for revenue in the third quarter, as sales slipped 13% year over year. Dick’s Sporting Goods – The sporting goods retailer saw its shares rise 8% after posting quarterly earnings and revenue for its fiscal third quarter that beat analysts’ expectations. The company also raised its full-year outlook after cutting it in the previous quarter due to theft concerns. American Eagle Outfitters – The retailer plunged 12.2%. The selloff comes despite American Eagle beating expectations on both lines in the third quarter and offering solid guidance. Burlington Stores – The retailer’s stock jumped 11% after the company lifted the lower end of its full-year earnings guidance. Burlington also said November was off to a strong start due to cooler weather. Best Buy – Shares of the consumer electronics retailer fell 5.9% after the company cut its full-year sales outlook to prepare for price-conscious holiday shoppers. Best Buy beat Wall Street’s quarterly earnings expectations, but fell short on revenue. Kohl’s – Shares fell more than 4.9% after the retailer reported weaker-than-expected earnings for the third quarter. Same-store sales fell 5.5%, it reported, versus StreetAccount’s estimate of 3.8%. Kohl’s lowered the low end of its full-year same-store sales outlook. Baidu – US shares of the Chinese tech giant climbed 1% after revenue came in slightly better than Wall Street had expected. Baidu posted 34.45 billion yuan for the quarter, beating the consensus forecast of 34.33 billion yuan from analysts surveyed by LSEG. Medtronic – The healthcare technology company traded nearly 2% higher after delivering a better-than-expected report for the fiscal second quarter. Medtronic posted $1.25 in earnings per share, excluding items, and $7.98 billion in revenue, while analysts polled by LSEG had forecast $1.18 earnings per share on revenue of $7.92 billion. DigitalOcean — Shares of the cloud services provider gained 2.8% after Oppenheimer upgraded DigitalOcean to outperform, citing strong demand for artificial intelligence that is poised to boost growth for cloud services. Vale – Shares rose 1.4% after Goldman Sachs upgraded the metals and mining company to buy from neutral. Goldman said the company is experiencing a combination of tailwinds not seen since at least 2014. Gen Digital – Shares of the cybersecurity company added 4.9% after Morgan Stanley upgraded it to overweight from equal weight. The bank said that it expects the highest stability, as the demand for computers improves, margin expansion and improvement of capital structure of debt repayment. Cloudflare — Shares of the cloud services provider advanced 1.2% on the back of an update to outperform Oppenheimer. The company said Cloudflare should take advantage of its capabilities to offer technology around artificial intelligence and edge computing. – CNBC’s Tanaya Macheel, Sarah Min, Michelle Fox, Yun Li and Jesse Pound contributed reporting
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