Check out the companies making headlines ahead of the bell: Salesforce – Shares rose more than 12% after the business software company beat third-quarter earnings. Salesforce earned $9.44 billion, beating analysts’ expectations of $9.35 billion, according to LSEG. Subscription revenue also beat analysts’ expectations. Dollar Tree – Shares rose more than 4% after the discounter’s third quarter results were better than expected. Dollar Tree earned $1.12 per share on revenue of $7.56 million. That’s better than LSEG’s consensus estimate of $1.07 per share on revenue of $7.44 million. The company also announced that CEO Jeff Davis would be stepping down. Pure Storage – Shares rose 21% after Pure Storage beat estimates for its fiscal third quarter and highlighted a contract win with a major tech company. CEO Charles Giancarlo told CNBC’s “Closing Bell: Overtime” that the company expects to replace 90% of customer storage with the company’s direct flash technology. Following the results, Piper Sandler upgraded Pure Storage from overweight to neutral. Foot Locker – Shares sank nearly 15% after the sneaker giant missed profit and revenue. Foot Locker also lowered its full-year sales and profit guidance. The company cited a higher promotional environment and softer demand outside key sales periods. Okta – Shares rose more than 13% after the identity and access management software company reported third-quarter earnings and revenue that beat expectations. Okta also gave rosy guidance for the fourth quarter. Earnings of 67 cents per share beat expectations of 58 cents per share, according to the LSEG consensus estimate. Revenue of $665 million beat expectations of $650 million. Marvell Technology – The integrated circuit maker jumped nearly 13% after Marvell beat third-quarter estimates and gave good revenue guidance, prompting several Wall Street firms to raise their price targets. JPMorgan, which assigned a target to the stock that reflects an upside of nearly 36%, sees continued AI and cyclical tailwinds next year, and said a positive EPS revision should lead to a multi-quarter period. PSQ Holdings – owner of online marketplace PublicSquare saw shares drop 15% in pre-market trading one day after a monster rally. Shares rose 270% on Tuesday after Donald Trump Jr. In the news that he joined the board of PSQ Holdings. Chewy – The pet supply seller fell 6% after posting earnings of 1 cent per share, while analysts polled by LSEG had expected 8 cents per share. Chewy’s revenue of $2.88 billion was in line with estimates. General Motors – Shares fell 1% after the Detroit automaker said restructuring its joint venture operations in China with SAIC Motor Corp. will cost an additional $5 billion. Campbell’s – shares fell 3% after Campbell Soup’s quarterly net sales missed expectations. The food company appointed insider Mick Beekhuizen as its new CEO. Roku – Shares rose 4.4% after Needham analyst Laura Martin said the company will likely be acquired “at a significant premium” in the next 12 months. – CNBC’s Sean Conlon, Michelle Fox, Lisa Han, Yun Li and Pia Singh contributed Correction: An earlier version misspelled Campbell’s name.
