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Take a look at some of the biggest movers in the premarket:
Nordstrom — The retail stock spiked 30.5% in premarket trading after the company posted better-than-expected fourth-quarter results. Nordstrom reported earnings of $1.23 per share versus the Refinitiv consensus estimate of $1.02 expected. Revenue also topped expectations. The retailer highlighted improvements in its off-price business, Nordstrom Rack.
Salesforce — Salesforce shares rose 4% in the premarket after the software company's fourth-quarter report beat Wall Street expectations and issued upbeat guidance. The company posted adjusted earnings of 84 cents per share on revenue of $7.33 billion. Analysts expected a profit of 74 cents per share on revenue of $7.24 billion, according to Refinitiv.
Ford — Ford shares added 4% in premarket trading after the automaker announced it will split its electric vehicle and legacy businesses into separate units. The company expects the move will streamline its growing electric vehicle business and maximize profits.
SoFi — Shares of the digital financial services company surged 15.5% premarket after SoFi's quarterly report. SoFi posted a loss of 15 cents per share on revenue of $279.9 million versus the Refinitiv consensus estimate of a 17-cents loss per share on revenue of $279.3 million.
Ross Stores — Ross Stores added 6.3% in premarket trading after an earnings beat. The retailer reported fourth-quarter earnings of $1.04 per share on revenue of $5.02 billion. Analysts expected a profit of 87 cents per share on revenue of $4.96 billion.
Hewlett Packard Enterprise — Shares of Hewlett Packard added 5.5% premarket after the company reported a slight earnings beat for the most recent quarter, but a quarterly
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