Stocks making the biggest moves premarket: Amgen, Best Buy, Abercrombie & Fitch, Stellantis and more

by | Nov 26, 2024 | Financial

Check out the companies making headlines before the bell. Abercrombie & Fitch — Shares slipped nearly 4% despite the apparel retailer’s earnings beat and strong holiday guidance . Abercrombie & Fitch reported third-quarter earnings of $2.50 per share, topping the $2.39 per share LSEG consensus estimate. Revenue was $1.21 billion, versus the $1.19 billion expected. The company also raised its full-year guidance. Best Buy — Shares slid 7.4% after Best Buy posted third-quarter results that missed analyst expectations and cut its full-year sales forecast. Adjusted earnings of $1.26 per share came in below the $1.29 per-share earnings expected by analysts polled by LSEG. Revenue of $9.45 billion missed the $9.63 billion consensus estimate. Kohl’s — Shares plummeted nearly 17% following the retailer’s weaker-than-expected third-quarter earnings. Kohl’s earned 20 cents per share on revenue of $3.51 billion for the period, while analysts surveyed by LSEG had penciled in 28 cents per share on $3.64 billion in revenue. Stellantis — Shares of European and Japanese automakers slid after President-elect Donald Trump said in a Truth Social post on Monday that he plans to raise tariffs on products from China, Mexico and Canada. Many carmakers have factories in Mexico. Stellantis, which is considering revising its plan to expand manufacturing into Mexico, saw shares dip more than 3.5% on the news. Automakers Gene …

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