UAA, WMT, GME, GOOS and more

See the companies making headlines in premarket trading.

Under armor The sportswear maker’s Class A shares fell 11% and its Class C shares fell 9% after it issued lower-than-expected full-year earnings guidance. Under Armor now expects profits between 18 and 21 cents, while analysts polled by FactSet had expected 59 cents.

Canada goose – The jacket maker rose more than 12% after beating Wall Street revenue and profit expectations in the fiscal fourth quarter. Canada Goose said one key profit margin will increase “by approximately 100 basis points this year compared to fiscal year 2024.”

Walmart – The big-box retailer rose 4.7% after reporting first-quarter adjusted earnings of 60 cents per share, above the 52 cents expected by analysts surveyed by LSEG. Revenue was $161.5 billion, beating the consensus estimate of $159.5 billion. Walmart said it made big gains in e-commerce and won over more high-income shoppers.

Chubb – Shares of the insurance company rose more than 8.1% before Thursday’s opening bell after Warren Buffett’s Berkshire Hathaway revealed that Chubb is the secret stock the conglomerate has been accumulating. Berkshire bought nearly 26 million shares for about $6.7 billion, making it Chubb’s second-largest holder, according to a regulatory filing.

Cisco systems – The networking equipment stock market rose 3% after stronger-than-expected fiscal third quarter results. Cisco Systems also raised its 2024 revenue guidance and now says it expects mid-range revenue of $53.7 billion.

Meme Stocks – Shares of AMC And GameStop extended losses following the resurgence of the meme stock movement on Monday and Tuesday. Shares in movie theater chain AMC fell nearly 11% on Thursday, while GameStop fell about 14%. This week, however, shares of AMC and GameStop are up more than 80% and 140%, respectively.

Deere & Company – The agricultural equipment maker fell almost 6% after lowering its full-year outlook. Deere now forecasts net profit of about $7 billion in 2024, up from a previous estimate of $7.75 billion.

Baidu — Shares of the Chinese technology company rose less than 1% after reporting first-quarter results. Baidu reported revenue of CNY31.51 billion ($4.7 billion), above the CNY31.34 billion expected by analysts, according to StreetAccount.

GoodRX – Healthcare stock rose about 6% after an upgrade to outperformance from Raymond James early Thursday. Analyst John Ransom noted that he “views the growth story here positively, with potentially positive numbers” and that the company’s full-year expectations are relatively conservative.

Coupang The Seattle-based e-commerce company rose 3.1%. UBS upgraded the stock to buy from neutral, citing its “expanding portfolio and strong logistics network.”

Dell – Shares rose 2% after Evercore ISI raised its price target on what the company said was an expanding artificial intelligence opportunity that could include Tesla as a customer.

Metaplatforms – Shares fell 0.5% after the European Union opened a stock exchange ask questions in Meta, which focuses on concerns about the safety of children on the social media platforms Facebook and Instagram.

– CNBC’s Michelle Fox, Hakyung Kim, Sarah Min, Samantha Subin and Jesse Pound contributed reporting