Workday exceeded Wall Street expectations for first-quarter revenue and profit, as demand for its AI-powered finance and human resources software services gathered pace, sending its shares up 12% in premarket trading.
U.S. cosmetics maker Estee Lauder and Spanish perfumery Puig ended merger talks that would have created a premium beauty giant better positioned to compete with industry leader L'Oreal.
Estée shares rose 10% in premarket trading as investors cheered the end of a potential deal that analysts had warned could add integration risk, stretch the company's balance sheet and distract management from its months-long turnaround plan.
Zoom raised its annual revenue and profit forecasts, betting on strong demand for its AI features as the video conferencing platform looks to shore up enterprise and consumer spending. Shares of the company were up 7.87% in premarket trading.
Take-Two Interactive Software reported quarterly net bookings that beat expectations and reaffirmed a November launch date for its highly anticipated video game Grand Theft Auto VI. Shares of the video game publisher climbed 6% in premarket trading.
Value retailer Ross Stores raised its annual comparable sales and profit forecast, betting on resilient demand for its discounted apparel and accessories despite looming macroeconomic uncertainty. Shares of the company rose 6% in premarket trading.
Peloton Interactive shares rose 5.8% in premarket trading following S&P Dow Jones Indices’ announcement that the company will join the S&P SmallCap 600 index.
