Try the businesses making headlines earlier than the bell. Palo Alto Networks — Shares of the cybersecurity firm dipped 3.7% after Palo Alto Community’s gross margin for the fiscal third quarter got here out beneath estimates . The corporate nonetheless beat on earnings and income expectations, nevertheless. UnitedHealth — Shares dropped greater than 6% after HSBC downgraded the medical health insurance large, saying valuations are nonetheless elevated regardless of a latest rout. Goal — The retailer’s inventory slipped 3.5% after Goal missed first-quarter income estimates and minimize its full-year gross sales outlook. Executives blamed tariff uncertainty, weaker discretionary spending and backlash to the corporate’s rollback of key variety, fairness and inclusion efforts for its efficiency. Lowe’s — Shares of the house enchancment retailer rose 2%. Lowe’s reaffirmed its full-year forecast , placing the retailer on monitor for year-over-year gross sales progress. Lowe’s additionally reported earnings of $2.92 per share, beating an LSEG estimate of $2.88 per share. Income of $20.93 billion got here out simply shy of the $20.94 billion anticipated. Toll Brothers — The homebuilder rose greater than 4% after fiscal second-quarter outcomes topped expectations. Toll Brothers reported $3.50 in earnings per share on $2.74 billion in income. Analysts surveyed by LSEG had been in search of $2.83 per share in earnings and $2.48 billion in income. Carter’s — Shares of the youngsters’s clothes firm slid about 6% after Carters minimize its quarterly dividend to 25 cents per share, down from 80 cents per share. The corporate’s chief government stated in a launch that Carter’s dividend was misaligned with its degree of profitability in opposition to the present market atmosphere, and that greater tariffs could lead on Carter’s to incur considerably greater product prices. Wolfspeed — Shares of the semiconductor provider plunged greater than 60% after The Wall Avenue Journal reported , citing sources aware of the matter that Wolfspeed is getting ready to file for chapter inside weeks. Xpeng — The Chinese language EV maker rose than 5% within the premarket after a smaller-than-expected loss for the primary quarter . Xpeng added it expects to ship between 102,000 and 108,000 autos within the second quarter. That represents a year-over-year improve of greater than 200%. — CNBC’s Sarah Min and Jesse Pound contributed reporting.
