Check out the companies making the biggest premarket moves: Dollar Tree — The discount retailer soared more than 11% after the company reported adjusted earnings of $1.74 per share in the first quarter. Analysts polled by FactSet had expected earnings of $1.53 per share. Sales exceeded expectations, and forecasts for the quarter and full year also exceeded expectations. The company also announced a partnership with DoorDash to enable on-demand delivery from stores to consumers. Salesforce — Shares fell 1% as the cloud-based software expected current-quarter sales of $11.27 billion to $11.35 billion, although analysts had expected $11.36 billion, according to LSEG. However, Salesforce raised the range for its full-year profit forecast. The company also posted higher profits and sales in the first quarter. Agilent Technologies — Shares soared 9% after the healthcare equipment provider raised its full-year adjusted earnings outlook to $6.10 per share from $6.00, beating previous expectations of $5.90 to $6.04 per share. Agilent also reported second-quarter sales and bottom line growth. Best Buy — Shares rose about 8% after first-quarter earnings and revenue beats. Like-for-like sales increased 2% year over year, led by gaming, computing, mobile phones and services. The company also reaffirmed its full-year outlook. Marvell Technology — This semiconductor company fell nearly 3% despite giving a rosy outlook for the quarter. Marvell expects adjusted earnings of 93 cents per share on revenue of $2.7 billion. That’s better than the 90 cents per share and $2.6 billion the Street expected, according to LSEG. Top-line and bottom-line results for the first quarter also exceeded expectations. Hormel Foods — Shares soared 10% after the company reported second-quarter adjusted earnings of 40 cents, compared with analyst estimates compiled by FactSet of 35 cents. Sales were roughly in line with expectations. Everpure — The cloud and data storage stock fell more than 10% after Everpure reported first-quarter non-GAAP gross margins in line with expectations. However, the company formerly known as Pure Storage reported higher adjusted earnings and revenue for the first quarter. Everpure also announced operating profit guidance for the quarter and full year that exceeded expectations. Snowflake — The cloud-based data platform provider soared nearly 37%. Snowflake plans to spend $6 billion over five years on Amazon Web Services. Separately, Snowflake reported better-than-expected first-quarter results, with adjusted earnings of 39 cents per share and revenue of $1.39 billion. Analysts surveyed by LSEG were looking for 32 cents per share on revenue of $1.32 billion. ServiceNow, DataDog — Snowflake’s revenue surge has helped support some of its software peers. DataDog rose 6% in pre-market trading, while ServiceNow rose more than 5.5%. Synopsys — silicon chip designer fell more than 2.5%. Synopsys announced that it has reached an agreement with activist Elliott Investment Management to appoint Jesse Cohn to its board of directors, effective June 1. Separately, second-quarter results beat Wall Street expectations, with Synopsys posting adjusted earnings of $3.35 per share and revenue of $2.28 billion. Nutanix — The cloud computing stock rose 2%. Nutanix reported higher adjusted earnings and revenue for its fiscal third quarter. Non-GAAP operating margin for the period was 22.3%, beating analyst expectations of 16.9%. Braze — LSEG said its stock fell 10% after the cloud-based software company reported first-quarter adjusted earnings of 10 cents per share, matching expectations. Braze’s gross margin for the period was lower than expected, coming in at 67.4%, compared to the StreetAccount consensus estimate of 68.8%. Full-year non-GAAP operating income guidance was in the range of $70 million to $74 million, compared to the FactSet consensus estimate of $71.3 million. Burlington Stores — Burlington Stores fell 3.5% despite reporting strong earnings and sales in its first-quarter financial report, according to data from analysts surveyed by FactSet. The outlook for this quarter also exceeded expectations, as did the full-year outlook. The company also plans to open 115 net new stores throughout the year. Kohl’s — Shares rose nearly 11% after Kohl’s reported a narrower-than-expected first-quarter loss. Kohl’s lost 13 cents per share, compared with a loss of 19 cents expected by analysts surveyed by FactSet. The income came in as expected. American Superconductor — The energy technology stock fell nearly 7% after the company announced adjusted earnings of more than 17 cents per share for the current quarter on revenue of more than $85 million. Analysts polled by FactSet expected earnings of 22 cents per share and revenue of $87.1 million. NCino — Shares rose 12.5% after the financial institutions software provider raised its full-year revenue outlook to a range of $642 million to $646 million, up from previous expectations of $639 million to $643 million. Drone stocks — Shares of many companies soared after the Wall Street Journal reported that President Donald Trump’s administration is in talks to provide funding to some companies. Unusual Machines rose 28%. Redcat Holdings soared 14% and Kratos Defense & Security Solutions soared 10%. Dell Technologies — Shares rose 4% after the company won a $9.7 billion contract with the Department of Defense. The contract will see Dell provide a suite of software to the Department of Defense. Nebius Group — The Dutch cloud provider rose 10% after it revealed that a hedge fund run by former OpenAI employees owns 5.6% of the company. Caesars Entertainment — Shares rose 2% after Fertitta Entertainment announced a deal to acquire the company for $17.6 billion. The all-cash transaction combines two leading hospitality companies, Fertitta said in a press release. —CNBC’s Lisa Kailai Han and Darla Mercado contributed reporting.
