Check out the companies making headlines in premarket trading. Lowe’s – The home improvement retailer fell 3.9% after cutting its sales outlook for the full year. Lowe’s also missed analysts’ expectations for third-quarter revenue, as sales slipped 13% year over year. Dick’s Sporting Goods – The athletic goods retailer saw its shares soar 8% after posting quarterly earnings and revenue for its fiscal third quarter that beat expectations analysts. The company also raised its full-year outlook after downgrading it in the previous quarter due to theft concerns. American Eagle Dealers – Seller Dive 12.2%. The sale comes despite American Eagle beating both lines in the third quarter and offering strong guidance. Burlington Stores – The retail stock jumped 11% after the company raised the lower end of its full-year earnings guidance. Burlington also reported a strong start to November due to cooler weather. Best Buy – Shares of the consumer electronics retailer fell 5.9% after the company cut its full-year sales outlook in an effort to prepare for price-conscious holiday shoppers. Best Buy beat Wall Street’s quarterly earnings expectations, but revenue fell short. Kohl’s – Shares fell more than 4.9% after the retailer reported weaker-than-expected revenue for the third quarter. Same-store sales were down 5.5%, it said, compared with StreetAccount’s estimate of 3.8%. Kohl’s lowered the low end of its full-year same-store sales outlook. Baidu – US shares of the Chinese technology giant climbed 1% after revenue came in slightly better than Wall Street expected. Baidu posted revenue of 34.45 billion yuan for the quarter, topping the consensus forecast of 34.33 billion yuan from analysts surveyed by LSEG. Medtronic – The healthcare technology company traded nearly 2% higher after delivering a better-than-expected report for its fiscal second quarter. Medtronic posted $1.25 in earnings per share, excluding items, and $7.98 billion in revenue, while analysts polled by LSEG had expected $1.18 in revenue. -in at $7.92 billion. DigitalOcean – Shares of the cloud service provider gained 2.8% after Oppenheimer upgraded DigitalOcean to outperform, citing strong demand for artificial intelligence that is set to accelerate growth for cloud services. Vale – Shares rose 1.4% after Goldman Sachs upgraded the metals and mining company to buy from neutral. Goldman said the company was experiencing a combination of tailwinds not seen since at least 2014. Gen Digital – Shares of the cybersecurity company added 4.9% after an upgrade by Morgan Stanley to overweight from equal weight. The bank said it expects high-level stability as PC demand improves, margins expand and capital structure improves from debt servicing. Cloudflare – Shares of the cloud services provider advanced 1.2% on the back of an update to outperform Oppenheimer. The company said Cloudflare should benefit from its capabilities to offer technology around artificial intelligence and edge computing. — CNBC’s Tanaya Macheel, Sarah Min, Michelle Fox, Yun Li and Jesse Pound added reporting
