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Check out the companies making headlines in premarket trading.
Kroger — The retailer fell 2.8% following a mixed second-quarter report. Kroger reported earnings per share ex-tems of 96 cents, beating the consensus forecast of 91 cents from analysts polled by LSEG, formely known as Refinitiv. But the company posted $33.85 billion in quarterly revenue, under the $34.13 billion anticipated by analysts.
Planet Labs — The satellite imagery stock slipped 2.6% in premarket trading after delivering a weaker quarterly report than expected on Thursday. Planet Labs posted a loss of 14 cents per share on revenue of $53.8 million in the second quarter, while analysts surveyed by LSEG, formerly Refinitiv, anticipated a loss of 8 cents per share and revenue at $54.1 million. Current-quarter and full-year guidance missed Wall Street estimates.
DocuSign — The electric signature stock advanced 2.4% premarket on the heels of a stronger-than-expected quarterly report released Thursday. DocuSign posted adjusted earnings per share of 72 cents on $688 million in revenue, while analysts surveyed by LSEG forecast earnings of 66 cents per share and revenue of $678 million.
Snowflake — Shares of the cloud data provider rose nearly 2% premarket after DA Davidson initiated research coverage of the stock with a buy rating. The Wall Street firm said Snowflake is in an advantageous position with «best-in-class growth rates» and is set to benefit from increased demand for artificial intelligence applications.
First Solar — Shares added 2.8% in early trading after being upgraded to buy from hold by Deutsche Bank Thursday. The Wall Street firm cited First Solar's strong growth message during its investors day. It also raised its price
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