Investing.com -- Stocks in focus in premarket trade on Friday, May 26th. Please refresh for updates.
Gap (NYSE: GPS ) stock soared 11% after the clothes retailer reported a surprise profit in the first quarter, citing restructuring efforts and easing supply chain costs.
Marvell (NASDAQ: MRVL ) stock rose 19% after the chipmaker reported better-than-expected first-quarter results and offered encouraging revenue guidance for the current quarter as artificial intelligence emerges as a key growth driver.
Workday (NASDAQ: WDAY ) stock rose 9.2% after the cloud-software company reported better-than-expected quarterly results and lifted its outlook, with subscriptions revenues up over 20% from last year.
Paramount Global (NASDAQ: PARA ) stock rose 5.6% after the Wall Street Journal reported that the media conglomerate’s controlling shareholder secured a $125 million investment.
RH (NYSE: RH ) stock fell 2.8% after the company, which specializes in furnishings and fittings for luxury homes, trimmed its outlook on margins as it looks to clear inventory, overshadowing healthy first-quarter results .
Costco (NASDAQ: COST ) stock fell 0.5% after the big-box retailer disappointed with its third quarter results, citing a one-time charge to discontinue charter shipping activities.
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