Stocks making the biggest moves premarket: Ross Stores, Intuit, Workday, Guardant Health and more

Take a look at the market’s top movers in early trading:

Intuit, the owner of TurboTax, saw a 6% decline on the back of lower-than-anticipated Q1 guidance. The company’s adjusted earnings forecast of $1.80 to $1.85 per share fell short of FactSet analysts’ expectations of $1.92.

Ross Stores’ stock gained over 7% following a successful earnings report. The discount fashion retailer reported earnings of $1.46 per share on $4.86 billion in revenue, surpassing LSEG analysts’ predictions of $1.35 per share and $4.83 billion.

Workday, the enterprise management firm, experienced an over 11% drop after its Q2 subscription revenue guidance marginally missed analysts’ forecasts. The company predicted subscription revenue to be around $1.895 billion, slightly less than the StreetAccount consensus forecast of $1.9 billion. The company’s operational cash flow also disappointed at $372 million, below the anticipated $397.2 million.

Deckers’ share price rose by 8% after a significant Q4 fiscal beat. The footwear and apparel company reported earnings of $4.95 per share on $960 million in revenue, outpacing LSEG analysts’ forecast of $2.89 per share on $888 million.

Nvidia, the chip manufacturing giant, saw a 1% increase ahead of market opening. The AI-focused company had reached a record high the previous day, with shares closing over the $1,000 mark for the first time.

Guardant Health saw its stock rally over 13% after the U.S. Food and Drug Administration asserted that the advantages of the company’s colorectal cancer blood test, Shield, outweigh its risks.

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Stocks making the biggest moves premarket: Ross Stores, Intuit, Workday, Guardant Health and more

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