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Stocks making the biggest moves premarket: Lowe's, Target, GlaxoSmithKline and others
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cnbc.comIn this article
Check out the companies making headlines before the bell:
Lowe's (LOW) – Lowe's rose 2.5% in the premarket after beating estimates on the top and bottom lines and raising its annual revenue forecast. The home improvement retailer earned an adjusted $2.73 per share for the third quarter, 37 cents above estimates, with comparable store sales up 2.2%. Analysts had expected comp sales to decline by 1.5%.
Target (TGT) – Target reported an adjusted quarterly profit of $3.03 per share, beating consensus estimates by 20 cents, with revenue also above Street projections. Comparable store sales rose 12.7% compared with forecasts of an 8.2% increase. Despite the beats, the retailer's shares slid 2% in premarket action.
GlaxoSmithKline
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