Stocks making the biggest moves premarket: Lululemon, Rocket Lab, U.S. Steel and more
Check out the companies making headlines before the bell: Lululemon Athletica — Shares tumbled more than 11% after the athleisure retailer’s 2025 guidance came in weaker than expected . Lululemon forecasts first-quarter earnings in a range of $2.53 to $2.58 per share, compared to the $2.72 expected by analysts polled by LSEG. First-quarter projected revenue of $2.335 billion to $2.355 billion was also lower than the $2.39 billion consensus forecast. However, fourth-quarter results beat on both sales and profit. U.S. Steel — The stock jumped nearly 5% after Semafor reported that Japan-based Nippon Steel is willing to invest as much as $7 billion in the American steelmaker to obtain President Donald Trump’s approval for their merger. Bausch + Lomb — The eye health company pulled back more than 4% a day after it announced a “voluntary recall” of certain implantable eye lenses following reports of complications. Wells Fargo downgraded shares to equal weight from overweight in a Thursday note, citing the recall. Braze — Shares surged about 9% in light trading after the customer engagement platform posted a top- and bottom-line beat in the fourth quarter. Braze reported adjusted earnings of 12 cents per share, beating the FactSet consensus estimate of 5 cents. Revenue of $160.4 million also beat the $155.7 million expected by analysts. Tanger — The shopping center operator ticked 0.6% higher on the back of Goldman Sachs’ upgrade to buy. Goldman expects shares to rally more than 21% after sliding to start 2025. Oxford Industries — The clothing retailer’s shares declined 12% after its full-year guidance fell below consensus estimates. Oxford Industries expects revenue between $1.49 and $1.53 billion during the period, while analysts surveyed by FactSet were calling for $1.54 billion. Management cited rising consumer uncertainty as a headwind. Rocket Lab — Shares surged 8.7% after the U.S. Space Force named the company as one of the firms entered in its launch provider pool. AppLovin — The stock rebounded 9% Friday following its sell-off on Thursday. Shares dropped more than 20% Thursday after short seller Muddy Waters alleged AppLovin’s ad tactics went against app stores’ terms of service. — CNBC’s Alex Harring and Jesse Pound contributed reporting.
