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Salesforce, Victoria's Secret, Capri Rise Premarket; Ambarella Falls

·1 min read

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Wednesday, June 1st. Please refresh for updates.

Salesforce (NYSE:CRM) stock rose 8.5% after the software firm raised its full-year adjusted profit forecast and said it did not see any material impact from the uncertain broader economic environment.

Victoria's Secret (NYSE:VSCO) stock rose 10% after the lingerie retailer beat expectations with its quarterly profit as its international segment recovered from severe COVID restrictions.

Ambarella (NASDAQ:AMBA) stock fell about 5% after the semiconductor company reported disappointing second quarter guidance, saying its near-term outlook was being hurt by the COVID restrictions in China.

Cinemark (NYSE:CNK) stock fell 2.8% despite the movie theater chain announcing it has signed up 1 million paying subscribers to its Movie Club monthly subscription plan.

Capri (NYSE:CPRI) stock rose 4% after the fashion company raised its full-year profit forecast, signaling robust demand for its luxury goods as higher income consumers returned.

Warner Bros Discovery (NASDAQ:WBD) stock fell 0.4% after Britain's competition watchdog said it had started investigating BT Group's deal to combine its sports broadcasting business with the media and streaming firm.

HP (NYSE:HPQ) stock rose 0.6% after the computer hardware manufacturer raised its full-year profit outlook, benefiting from strong commercial customer demand despite supply chain disruptions.

Weibo (NASDAQ:WB) stock rose 4.9% after the Chinese social media company reported strong quarterly numbers, adding users, and called its ad business “relatively resilient”.

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