Accenture jumped 17% premarket after beating fiscal fourth-quarter estimates, while Alphabet, Rocket Lab and McCormick also posted sharp gains ahead of the open. Micron beat profit and revenue forecasts but slipped slightly, even as other chip names advanced.
Accenture and McCormick beat estimates
Accenture led premarket gains, rising 17% after its fiscal fourth-quarter revenue of $18.68 billion topped the company's own guidance of $17.75 billion to $18.4 billion and FactSet's consensus estimate of $18.3 billion. Its earnings of $3.29 per share also beat expectations.
McCormick shares climbed nearly 5% after its third-quarter adjusted earnings came in at 86 cents per share, above the 76 cents analysts polled by FactSet had expected. Revenue reached $2.02 billion against a $1.98 billion consensus.
Alphabet gains on new AI model, Rocket Lab on launch deal
Alphabet moved 2% higher after unveiling Gemini 4 Argon, which the company said delivers improvements in cybersecurity, coding and complex professional work.
Rocket Lab shares rose 4.5% after signing a multiyear launch agreement for 20 new Electron missions with Tokyo-based Synspective, a deal the company said is its largest commercial launch contract for Electron to date.
Nu Holdings added nearly 6% after the Brazilian digital bank denied it is pursuing a transaction with U.K. digital bank Monzo, saying it was responding to media speculation about a potential acquisition.
Micron reported an adjusted $33.42 per share on revenue of $54.23 billion for its fiscal fourth quarter, ahead of the $31.61 per share and $51.07 billion revenue analysts polled by LSEG had expected. The stock fell slightly despite the results, though the Roundhill Memory ETF (DRAM) gained more than 1%, while the VanEck Semiconductor ETF (SMH) advanced 1%.
Source: US Top News and Analysis
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