Check out the companies making headlines before the bell. Broadcom — Shares of the chipmaker jumped 10% after the company’s fiscal first-quarter results beat Wall Street’s estimates on both the top and bottom lines. Broadcom also issued rosy guidance for the current quarter. The company forecasts second-quarter revenue of $14.9 billion, above the $14.76 billion expected from analysts polled by LSEG. Gap — Shares surged 17% after the apparel giant, which owns brands such as Old Navy and Banana Republic, posted a fiscal fourth-quarter beat . Gap reported earnings of 54 cents on revenue of $4.15 billion, exceeding the 37 cents per share in profit and $4.07 billion in revenue that analyst polled by LSEG had expected. Same-store sales rose 3%, exceeding the 1% estimate, per StreetAccount. Hewlett Packard Enterprise — The server maker tumbled 20% after guiding for adjusted earnings and revenue for its fiscal second quarter that came below what analysts polled by LSEG had sought. Hewlett Packard also sees adjusted earnings coming in between $1.70 and $1.90 per share for its 2025 fiscal year, while Wall Street estimates had called for $2.13 per share, according to LSEG. The company also announced layoff plans . Intuitive Machines — Shares plummeted 36% after the space exploration firm’s second moon lander, Athena, toppled on its side on the moon. This follows Intuitive Machines’ first lunar landing attempt last year, which also ended sideways. Samsara — The software stock shed 9% after issuing first-quarter guidance that was in line with analysts’ expectations. Samsara expects to earn 5 cents to 6 cents per share, after adjustments, on revenue of between $350 million and $352 million. Analysts had penciled in earnings of 5 cents per shares and revenue of $351 million, per LSEG. BigBear.ai — Shares tumbled more than 16% after the artificial intelligence analysis company warned that it would likely see ” short to mid-term delays or disruptions in federal contracts ” as the Trump administration’s cost-cutting efforts ramp up. Mobileye Global — The autonomous driving stock popped as much as 2% after a regulatory filing showed that hedge fund Point72 has taken a 5% stake in the company. Point72 founder Steve Cohen has repeatedly voiced his bullishness on artificial intelligence. Walgreens Boots Alliance — The stock popped 7% after the drugstore chain said it struck a deal to be acquired by private equity firm Sycamore Partners. The deal is valued around $10 billion, with Sycamore paying $11.45 per share in cash. That represents about 8% upside from Thursday’s close. Wayfair — The furniture retailer added 3% following an upgrade to buy from hold at Jefferies. Analyst Jonathan Matuszewski said that Wayfair’s current valuation fails to consider the company’s new “consistent share gains.” The ratings change comes as Wayfair announced plans to cut 340 technology team members as part of a restructuring effort. Costco — Shares of the retail giant fell nearly 2% after its second-quarter earnings missed analysts’ expectations . Costco earned $4.02 per share, below the consensus estimate of $4.11 per share, according to LSEG. Revenue for the second quarter came in above expectations. Lands’ End — The apparel retailer’s stock rose 11% after the company announced its board has begun to explore strategic alternatives, including its sale. — CNBC’s Sean Conlon, Michelle Fox, Christina Cheddar Berk and Pia Singh contributed reporting.
https://www.cnbc.com/2025/03/07/stocks-making-the-biggest-moves-premarket-wba-avgo-gap-hpe.html
