Check out the companies making the biggest premarket moves: Intuit — The financial technology platform fell 11% after its fiscal 2027 outlook was disappointing. Intuit expects revenue for the fiscal year starting this quarter to be between $23.279 billion and $23.512 billion, compared with analysts’ expectations of $23.7 billion, according to FactSet. However, the company’s fiscal fourth quarter profit and sales exceeded expectations. Software Stocks — Many software companies fell in premarket trading Wednesday after Intuit’s gains, with the iShares Expanded Tech Software ETF (IGV) down more than 1%. ServiceNow was down more than 2.5%, while Workday and Salesforce were down 2%. Zoom Communications — Shares fell 7% after third-quarter guidance fell short of analysts’ expectations. For the third quarter, the company expects per-share earnings to be in the range of $1.46 to $1.48, short of the $1.50 per share expected by analysts polled by FactSet. Kohl’s — The retailer fell 5% in premarket trading after reporting second-quarter comparable sales fell 0.9%, compared with a FactSet survey of analysts that estimated a 0.6% decline. However, the company revised its full-year guidance upwards, partially boosted by the $150 million in tariff refunds it received in the second quarter. Kohl’s also announced that it will resume share buybacks of up to $100 million in 2026. JM Smucker — The sandwich maker of Cafe Bustello and Uncrusted Bulls rose 5.6% after reporting first-quarter results. Revenue of $2.22 billion exceeded the LSEG consensus of $2.13 billion. The company also reported adjusted earnings per share of $3.24, but it wasn’t clear whether this matched expectations of $2.22. SolarEdge Technologies — Share price rose nearly 7% after acquisition by UBS. Analysts at the bank said the new policy from the Federal Communications Commission could lead to higher stock prices and better pricing power for the company. Semtech — The semiconductor maker soared more than 5% after reporting a profit beat in its second-quarter financial report. Adjusted earnings were 71 cents per share, compared to FactSet’s estimate of 61 cents. Sales also exceeded expectations, and expectations for the current quarter were also exceeded. Box — Shares rose more than 2% after the company reported better-than-expected sales in its second-quarter earnings report. Adjusted earnings were in line with expectations, as well as guidance for the current quarter, but the company slightly revised down its full-year earnings forecast. Boston Scientific — The medical device maker fell more than 3% after it filed a filing with the Securities and Exchange Commission saying a cybersecurity incident caused disruption and is expected to limit access to its products. The company said the recovery schedule for affected products is unknown. SAP — Shares fell about 4% after UBS downgraded the application software name to neutral. Analysts at the bank said the slow rollout of the company’s agent AI to customers has limited SAP’s monetization opportunities and may lead some customers to explore other routes to deploying the technology in the short term. — CNBC’s Ananya Chettiar and Fred Imbert contributed reporting
