Before the bell, some of the companies in the news included Marvell Technology, Affirm, Hawaiian Electric, Nordstrom, Workday, Intuit, Ulta Beauty, Gap, AMC Entertainment, and Netflix. Marvell Technology shares dropped more than 3%, but the company beat Wall Street expectations, posting 33 cents per share, excluding items, on $1.34 billion in revenue. Meanwhile, Affirm saw its stock jump around 7%, after revealing better-than-anticipated fiscal fourth-quarter results and fiscal first-quarter revenue guidance. Hawaiian Electric witnessed its stock price plummet 20% due to the Maui County's lawsuit claiming the utility company neglected to de-energize its powerlines in the face of warnings of high winds. Nordstrom's stock fell 3.6% despite the retailer surpassing expectations for its quarterly earnings and revenue, however it stayed with its prior full-year forecast predicting a 4-6% decline in revenue. Workday's shares rose 3% in pre-market trading due to its second-quarter results that exceeded expectations, posting $1.43 in adjusted earnings per share on $1.79 billion of revenue. Intuit's stock decreased 1.2% after the software firm posted above-average quarterly results but furnished a middling outlook. Ulta Beauty's stock rose almost 1% as the beauty retailer posted second-quarter results that outdid predictions, and increased its full-year forecast. Gap's shares gained 1.8% following its release of mixed quarterly results, and AMC Entertainment rose almost 1% in anticipation of the conversion of its preferred equity units to common stock on Friday. Lastly, Netflix's stock rose 0.7% after Loop Capital upgraded the streaming company to buy from hold.
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