Stocks making the biggest moves premarket: Marvell Technology, Affirm, Hawaiian Electric and more

cnbc.com:

In this article

Check out the companies making headlines before the bell.

Marvell Technology — Shares fell more than 3% before the bell despite the company topping Wall Street's expectations for the recent quarter. Marvell posted earnings of 33 cents per share, excluding items, on $1.34 billion in revenue. Analysts surveyed by Refinitiv had forecasted 32 cents per share and $1.33 billion. Revenue and EPS expectations for the current period were roughly in line with expectations.

Affirm — The online payment firm saw its stock popped nearly 7% before the bell after reporting stronger-than-expected fiscal fourth-quarter results and fiscal first-quarter revenue guidance. For the recent period, Affirm posted a smaller-than-expected loss of 69 cents per share on revenues of $446 million. Analysts polled by Refinitiv had expected a loss of 85 cents per share on $406 million in revenue.

Hawaiian Electric — Shares tumbled 20% following news late Thursday that Maui County is suing the utility company for damages over the island's wildfires. The county said Hawaiian Electric left its powerlines energized despite warnings of high winds. Hawaiian Electric told NBC News it was disappointed that Maui County «chose this litigious path while the investigation is still unfolding,»

Nordstrom — The department store retailer lost 3.6% before the bell. Nordstrom topped Wall Street's quarterly earnings and revenue expectations but stuck by its previously issued full-year forecast calling for a 4% to 6% revenue decline. The company reported earnings of 84 cents per share on revenues totaling $3.77 billion.

Workday — Shares of the enterprise software company rose 3% in premarket trading after Workday reported stronger-than-expected results for