Wednesday, February 1, 2023
HomeMarketMongoDB, Toll, Guidewire, GameStop, and More Market Movers

MongoDB, Toll, Guidewire, GameStop, and More Market Movers

MongoDB posted adjusted earnings in the third quarter of 23 cents a share vs. analysts’ expectations for a loss of 17 cents.

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Stock futures fluctuated Wednesday following a fourth straight day of losses for the S&P 500 that came as economic data raised fears the Federal Reserve will keep interest rates higher for longer than expected in its effort to cool inflation.

Here are some stocks that could make moves Wednesday:

MongoDB (MDB) surged 26.8% in premarket trading after the cloud-based database software provider posted adjusted earnings in the third quarter of 23 cents a share vs. analysts’ expectations for a loss of 17 cents. Revenue of $333.6 million topped forecasts of $318 million.

Toll Brothers
(TOL) posted fiscal fourth-quarter revenue of $3.71 billion, up from $3.04 billion a year earlier and higher than analysts’ estimates of $3.17 billion. Home sales revenue, the luxury homebuilder said, jumped 21% to $3.6 billion.

Deliveries in the period were 3,765 units, up 13% from last year. The stock was rising 1.2% in premarket trading.

Shares of pharmaceutical companies
GSK
(
GSK
),
Haleon
(HLN, and
Sanofi
(SNY) rose sharply in London trading on Wednesday after a federal judge threw out thousands of lawsuits over the heartburn drug Zantac.

Stitch Fix
(SFIX), the online personal styling company, said it expects revenue for the fiscal year ending next July of $1.6 billion to $1.7 billion, vs. its prior guidance of $1.76 billion to $1.86 billion. The company posted a first-quarter loss of 50 cents a share, wider than forecasts that called for a loss of 47 cents.

Guidewire Software
(GWRE) said it expects fiscal 2023 revenue of $886 million to $896 million. The insurance software provider previously said it expected revenue of between $885 million to $895 million. The stock gained 4.4% in after-hours trading Tuesday.

Signature Bank
(SBNY) fell 2.8% following a report in the Financial Times that the bank was planning to offload as much as $10 billion of cryptocurrency deposits

Campbell Soup
(CPB) is scheduled to report earnings before the opening bell Wednesday, while
GameStop
(GME) will be releasing numbers after trading closes.
Campbell Soup
was rising 0.9% in premarket trading, while
GameStop
was up 0.7%.

Write to Joe Woelfel at joseph.woelfel@barrons.com

Credit: marketwatch.com

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