U.S. stock futures traded marginally lower on Thursday as investors weighed the potential economic implications of the ongoing Middle East conflict. Corporate earnings and guidance released ahead of the opening bell produced some of the day’s largest premarket swings across technology, retail and services names.
Notable premarket movers
Broadcom (NASDAQ:AVGO) climbed 6.5% after the artificial intelligence chips maker posted quarterly results that beat expectations on both the top and bottom lines. The company also delivered current-quarter revenue guidance that exceeded market forecasts.
Okta (NASDAQ:OKTA) rose 1.6% after the identity management firm reported fourth-quarter results that topped estimates. The company highlighted that subscription revenue - which makes up the bulk of total revenue - grew 11% in the period.
StubHub (NYSE:STUB) sank 13% after the secondary ticketing marketplace reported lower fourth-quarter revenue and swung to a loss. Management said the business is prioritizing product development over near-term growth, a shift that weighed on the shares.
Kroger (NYSE:KR) slid 0.9% following a forecast for tepid annual sales and profit. The supermarket operator faces an uncertain consumer spending backdrop while operating under a new chief executive.
Burlington Stores (NYSE:BURL) jumped 6.8% after the off-price apparel and home goods retailer posted fourth-quarter results that beat expectations and issued a robust full-year outlook.
Victoria’s Secret (NYSE:VSCO) fell 5.9% despite reporting stronger-than-expected fourth-quarter results and giving guidance above market estimates; the retailer’s shares have nearly tripled over the past year.
BJs Wholesale Club (NYSE:BJ) dropped 5% after reporting fourth-quarter results that missed revenue expectations and issuing fiscal 2026 guidance below analyst estimates.
Ciena (NYSE:CIEN) declined 3.9% even though the networking equipment maker’s first-quarter fiscal 2026 results exceeded Wall Street expectations. The company’s full-year revenue guidance, however, came in well below analyst estimates, pressuring the stock.
JD.com (NASDAQ:JD) American depositary receipts fell 1.5% after the Chinese e-commerce company reported fourth-quarter earnings that missed analyst expectations, while revenue was broadly in line with estimates.
This mix of earnings beats, guidance misses and strategic shifts produced divergent moves across sectors: semiconductors and off-price retail saw gains, while ticketing, warehouse clubs and parts of apparel retail experienced notable declines.