Stocks making the biggest pre-market moves: Dick’s, Fabrinet, Macy’s

Check out the companies making headlines before the bell:

Fabrinet Fabrinet stock rose 21% after its fiscal fourth-quarter results late Monday beat analyst estimates. The advanced manufacturing services company reported non-GAAP earnings of $1.86 per share, more than the $1.80 earnings per share expected by analysts polled by FactSet. Revenue was $655.9 million, more than the agreed estimate of $641.4 million.

Dick’s Sporting Goods Shares fell nearly 20% after the retailer reported a profit loss and cut guidance for the year, in part due to an increase in retail theft. Earnings per share for the fiscal second quarter came in at $2.82, well below the $3.81 expected by analysts polled by Refinitiv. Revenue also decreased.

ab lovin — Shares rose 4% in pre-market trading after Jefferies upgraded the marketing stock to a buy-from-hold. Jefferies said the company must continue to win market share and grow its software segment.

Nordson Shares fell 3% after Nordson reported fiscal third-quarter revenue that beat analyst expectations and cut its fiscal year earnings guidance. The adhesive dispensing equipment manufacturer reported revenue of $648.7 million, lower than the $664.9 million expected by analysts surveyed by FactSet. It issued guidance for full-year earnings per share of $8.90 to $9.05, down from prior guidance of $8.90 to $9.30, as well as a consensus estimate of $9.06 per share on FactSet.

Messi Shares of the supermarket chain fell by 1.6% after the company announced second-quarter earnings. Macy’s beat estimates both above and below, but issued weak guidance for the third quarter. The company reported earnings per share of 26 cents, which is above the consensus estimate for earnings per share of 14 cents from FactSet. Revenue was $5.13 billion, above estimates of $5.07 billion. Macy’s issued third-quarter guidance in the range of a loss of 3 cents per share to 2 cents of earnings per share, well below FactSet’s 27 cents earnings per share estimate. It directed revenues from $4.75 billion to $4.85 billion, less than the $4.86 billion expected by analysts.

Louie The stock rose about 2.4% after earnings beat second-quarter expectations. The home improvement company reported earnings of $4.56 per share, which was more than the $4.47 expected by analysts polled by FactSet. However, revenue was slightly lower, at $24.96 billion instead of the estimate of $24.97 billion. Lowe also reaffirmed revenue forecasts for the fiscal year in the range of $87 billion to $89 billion, while analysts expected $87.98 billion, according to FactSet. “(We) remain confident in the medium- and long-term outlook for the home improvement industry,” said Marvin Ellison, Lowe’s CEO.

Enlarge video contacts Shares of the video conferencing company rose just over 1% after Zoom’s second-quarter results beat expectations. The company reported $1.34 in adjusted earnings per share on $1.14 billion in revenue. Analysts had expected $1.05 per share on $1.12 billion in revenue, according to Refinitiv. Zoom’s earnings guidance for the third quarter and full year also beat expectations.

Emerson Electric The stock rose 1.6% after JPMorgan on Tuesday upgraded the engineering firm to overweight from neutral and raised its price target to $107 from $83. This means up nearly 13% from Monday’s close.

— CNBC’s Michelle Fox, Alex Haring and Jesse Pound contributed reporting.