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Apex Trader Funding (ATF) - News

Barron's CrowdStrike,, Nordstrom, Couchbase, SoFi, Box, and More Stock Market Movers

Stock futures were rising Wednesday following the worst day for the three major U.S. stock indexes since Feb. 13. Investors were looking to congressional testimony from Federal Reserve Chairman Jerome Powell, in which he is expected to tell lawmakers that the central bank will be proceeding cautiously on interest-rate cuts this year.

These stocks were set to make moves Wednesday:

CrowdStrike Holdings earned 22 cents a share in its fourth quarter, swinging from a year-earlier loss of 20 cents. Adjusted earnings of 95 cents a share topped forecasts of 82 cents and revenue rose 33% to $845.3 million, also beating Wall Street estimates. CrowdStrike said it expects fiscal 2025 revenue of $3.93 billion to $3.99 billion compared with forecasts of $3.94 billion. It expects adjusted profit of $3.77 to $3.97 a share versus expectations of $3.76. The stock soared 23%.

U.S.-listed shares of jumped 13% after the Chinese online retailer reported fiscal fourth-quarter adjusted earnings and revenue that beat analysts’ estimates and announced a new buyback program of up to $3 billion.

Nordstrom posted fiscal fourth-quarter adjusted earnings that were better than expected but shares of the department-store chain fell 9.6% after it issued guidance that missed estimates. Nordstrom said current fiscal-year earnings will range between $1.65 and $2.05 a share. The midpoint of the guidance, at $1.85 a share, was well below analysts’ forecasts of $2.01. Nordstrom forecast fiscal-year same-store sales within a range of down 1% to up 2%, with the midpoint below analysts’ estimates for a 1.4% gain.

Couchbase was rising 8.9% after fourth-quarter revenue jumped 20% and the software company said it expects first-quarter revenue of $48.1 million to $48.9 million, better than estimates of $47 million.

SoFi Technologies was up 2.8% in premarket trading. Shares of the financial-technology company fell 15% on Tuesday, the stock’s worst single-day percentage decline on record, after it announced plans to offer $750 million of convertible senior notes due in 2029.

Shares of Box were rising 2.8% after the online document storage company announced an integration between its document storage and management system with  Microsoft’s Azure OpenAI service. Box also reported fourth-quarter earnings that rose sharply from a year earlier and said it would be expanding its buyback program by $100 million. “Box is at the center of some of the most important trends in technology history as companies look to digitize and automate their businesses, accelerate innovation with the power of AI and protect their most important data,” said CEO Aaron Levie in a statement.

Oddity Tech, which uses artificial intelligence to help shoppers find beauty and wellness products that best serve their needs, reported fourth-quarter adjusted earnings that easily beat expectations and issued guidance for the current fiscal year that was better than anticipated. The stock, however, was falling 9.4% in premarket trading.

Earnings reports are also expected Wednesday from Brown-Forman, Campbell Soup, Thor Industries, Abercrombie & Fitch, Foot Locker, and EVgo.