Check out the companies making headlines in premarket trading. Dropbox — Shares of the cloud storage company pulled back nearly 13% after the company issued lower-than-expected first-quarter revenue guidance. Dropbox now forecasts revenue in the range of $627 million to $630 million, while analysts surveyed by FactSet expected $632.5 million. Ingersoll Rand — Shares climbed nearly 6% before the opening bell after the industrial products company beat Wall Street estimates on the top and bottom lines in the fourth quarter. Ingersoll reported earnings of 86 cents per share, excluding items, on revenue of $1.82 billion, while analysts polled by FactSet forecast 77 cents in earnings per share and $1.77 billion in revenue. Vulcan Materials — Stock in the construction materials company climbed more than 2% after fourth-quarter earnings were better than expected. Vulcan earned $1.46 per share, after adjustments, while analysts polled by FactSet expected $1.40. Toast — Shares soared nearly 8% in premarket trading after fourth-quarter results surpassed Wall Street estimates on the top and bottom lines. The company also announced plans for a $250 million share repurchase, and said it planned to lay off 550 employees . Applied Materials — Shares gained about 12% after the semiconductor production equipment company’s fiscal first-quarter results were above consensus estimates, and it issued higher-than-expected revenue guidance for the second quarter. Applied Materials estimates second-quarter revenue of roughly $6.5 billion compared with estimates from analysts polled by FactSet, which called for $6.34 billion. Roku — Shares pulled back 17% after the streaming services company reported a wider-than-expected fourth-quarter loss of 55 cents per share. Analysts polled by LSEG, formerly Refinitiv, forecast a loss of 52 cents per share. Roku issued an optimistic first-quarter revenue forecast that was above analysts’ estimates. Trade Desk — Shares skyrocketed more…
Read the full article here