Pre-Open Stock Movers:
Nutanix (NASDAQ:NTNX) 32% LOWER; reported Q3 EPS of ($0.41), $0.19 worse than the analyst estimate of ($0.22). Revenue for the quarter came in at $403.7 million versus the consensus estimate of $397.87 million. Nutanix sees Q4 2022 revenue of $340-360 million, versus the consensus of $439.44 million. Nutanix sees FY2022 revenue of $1.535-1.555 billion, versus the consensus of $1.63 billion.
Dollar Tree (NASDAQ:DLTR) 16% HIGHER; reported Q1 EPS of $2.37, $0.36 better than the analyst estimate of $2.01. Revenue for the quarter came in at $6.9 billion versus the consensus estimate of $6.76 billion. Dollar Tree sees Q2 2022 EPS of $1.45-$1.55, versus the consensus of $1.71. Dollar Tree sees Q2 2022 revenue of $6.65-6.78 billion, versus the consensus of $6.75 billion. Dollar Tree sees FY2022 EPS of $7.80-$8.20, versus the consensus of $7.97. Dollar Tree sees FY2022 revenue of $27.76-28.14 billion, versus the consensus of $27.95 billion.
Vinco Ventures, Inc. (BBIG) 14% LOWER; announced that, due to contractual and regulatory conditions, the Companys Board of Directors has decided to delay the distribution date for the previously announced spin-off of Cryptyde, Inc. (Cryptyde).
Macy's (NYSE:M) (M) 13% HIGHER; reported Q1 EPS of $1.08, $0.26 better than the analyst estimate of $0.82. Revenue for the quarter came in at $5.35 billion versus the consensus estimate of $5.33 billion. Macy's sees Q2 2022 EPS of $4.53-$4.95, versus the consensus of $4.34. Macy's sees Q2 2022 revenue of $24.46-24.7 billion, versus the consensus of $24.51 billion.
Snowflake (SNOW) 10% LOWER; reported Q1 EPS of ($0.53), which may not compare to the analyst estimate of $0.01. Revenue for the quarter came in at $422.4 million versus the consensus estimate of $412.76 million. Sees Q2 product revenue of $435-$440 million.
Williams-Sonoma (NYSE:WSM) 10% HIGHER; reported Q1 EPS of $3.50, $0.62 better than the analyst estimate of $2.88. Revenue for the quarter came in at $1.89 billion versus the consensus estimate of $1.8 billion.
Kraft Heinz (NASDAQ:KHC) Company (KHC) 7% LOWER; UBS downgraded from Neutral to Sell with a price target of $34.00 (from $40.00).
Guess? (GES) 5% HIGHER; reported Q1 EPS of $0.24, $0.05 worse than the analyst estimate of $0.29. Revenue for the quarter came in at $593 million versus the consensus estimate of $584.39 million. Entered Into $175 Million Accelerated Share Repurchase Arrangement
Twitter, Inc. (NYSE:TWTR) 6% HIGHER; Musk will secure an additional $6.25 billion in equity financing and reduce the margin loan to zero to fund the acquisition of the social media player.
Datadog, Inc. (NASDAQ:DDOG) 5% LOWER; falls on Snowflake's results and outlook
RH (NYSE:RH) 4% HIGHER; gains on results Williams-Sonoma
NVIDIA (NASDAQ:NVDA) 4% LOWER; reported Q1 EPS of $1.36, $0.07 better than the analyst estimate of $1.29. Revenue for the quarter came in at $8.29 billion versus the consensus estimate of $8.12 billion. NVIDIA sees Q2 2023 revenue of $8.1 billion, versus the consensus of $8.45 billion.
Sysco (NYSE:SYY) (SYY) 2% HIGHER; JPMorgan (NYSE:JPM) upgraded from Neutral to Overweight with a price target of $90.00.