Signs are seen outside Western Union Bank headquarters in Phoenix, Arizona, March 13, 2023.
Caitlin O’Hara | Bloomberg | Getty Images
Check out the companies making the biggest moves in pre-market trading:
Western Union — Shares up 12% premarket after Western Alliance said deposits rose this quarter over $2 billion Deposits rose by $1.8 billion in the quarter ended May 12, up from $1.8 billion in the quarter ended May 9.
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TJX Corporation — Shares fell about 1% after the retailer reported lower-than-expected revenue before the market opened. Revenue of $11.78 billion in the first quarter was below the $11.82 billion expected by analysts polled by Refinitiv. TJX also guided for second-quarter EPS of 72 cents to 75 cents, compared with analysts’ expectations of 79 cents. Full-year guidance also missed expectations, despite higher-than-expected earnings per share in the first quarter.
Target — Shares of the big box retailer fell less than 1% in volatile trade as the company topped earnings estimates in the fiscal first quarter, even as sales barely rose year-over-year. Target also said it expects sales to remain subdued in the current quarter, with comparable sales down in the single digits. The retailer stuck to its previous full-year guidance.
zion bank corp. — Shares of the Salt Lake City-based bank rose 4.7 percent in premarket trading, led by regional lender Western Alliance.this SPDR S&P Regional Bank ETF rose 1.7%.
Keysight Technologies — Shares soared 7.8 percent after earnings topped estimates after Tuesday’s close. The technology company reported adjusted earnings of $2.12 a share in the fiscal second quarter, beating analysts’ expectations of $1.95, according to StreetAccount. It guided for earnings per share of $2.00 to $2.06 for the quarter, ahead of analysts’ forecast of $1.96.
tesla — Shares rose 1.5 percent in premarket Wednesday. The company held its annual shareholder meeting on Tuesday, at which CEO Elon Musk announced that the company will deliver its first Cybertrucks later this year and will begin advertising them.
Wynn Resorts — The casino operator rose 2.7 percent after Barclays upgraded to overweight from equal weight. The Wall Street firm said the Wynn Macau property continues to recover and raised its price target to $135 from $120, up 31% from Tuesday’s close.
electric car — After electric vehicle charging network operators announced late Tuesday a $125 million offering its common stock. JPMorgan, Evercore and Goldman Sachs are underwriting the offering.
homosexual — Medical software shares fell nearly 10% premarket, a day after the company issued weak guidance for the current quarter. Doximity said it expects first-quarter revenue of $106.5 million to $107.5 million, below the $111.8 million expected by analysts polled by FactSet. It guided for adjusted EBITDA of $40 million, missing estimates of $45.4 million.
— CNBC’s Yun Li and Hakyung Kim contributed reporting.