Intuit IncFiscal 2027 guidance fell well short of expectations
U.S. stock futures hovered around the flatline on Wednesday as investors awaited the latest inflation data and Nvidia's quarterly results. Among premarket movers, Intuit tumbled 11.8% to $315.30 after issuing fiscal 2027 guidance that fell well short of expectations, overshadowing a strong fourth-quarter earnings beat. Semtech surged 4.7% after reporting record fiscal second-quarter results, with revenue of $341.9 million and adjusted EPS of $0.71 beating estimates, and data-center revenue hitting a record $100 million. SolarEdge rose 5.6% after UBS upgraded it to Buy, citing the FCC's decision to add foreign-produced power inverters to its national-security Covered List, which could tighten supply and benefit domestic suppliers. Spyre Therapeutics fell 11.7% after deciding not to develop its drug SPY072 as a standalone rheumatoid arthritis treatment despite positive statistical results, while Boston Scientific dropped 3.2% on a cybersecurity incident disrupting operations.
Intuit IncFiscal 2027 guidance fell well short of expectations
Godaddy Inc
nCino Inc
Semtech CorporationRecord fiscal Q2 results with revenue and EPS beating estimates
Spyre Therapeutics Inc.Company decides not to develop SPY072 as standalone RA treatment despite positive results.
Boston Scientific CorpCybersecurity incident disrupting operations
SolarEdge Technologies IncFCC decision to add foreign inverters to Covered List could tighten supply and benefit domestic suppliers
NVIDIA Corporation