Kohl’s, Urban Outfitters, Abercrombie & Fitch rise premarket; XPeng, Agilent fall

Investing.com — Stocks in focus in premarket trade on Wednesday, May 24th. Please refresh for updates.

• Kohl’s (NYSE:) stock soared 11.6% after the retailer a surprise profit, while maintaining its full-year profit and operating margin forecasts even as it missed first-quarter sales estimates.

• Abercrombie & Fitch (NYSE:) stock rose 15.8% after the clothes retailer raised its annual sales forecast, banking on steady demand for its clothes and accessories even as inflation eats into household budgets.

• XPeng (NYSE:) stock fell 5.6% after the China-based EV maker a wider-than-expected quarterly loss, as deliveries drop nearly 50%.

• Palo Alto Networks (NASDAQ:) stock rose 4.7% after the cybersecurity company stronger-than-expected third-quarter profit, with its CEO saying AI will transform the software industry.

• Urban Outfitters (NASDAQ:) stock soared 13.3% after the clothes retailer quarterly results that topped Wall Street estimates as markups helped boost margins.

• Intuit (NASDAQ:) stock fell 5.2% after the business software firm disappointing third-quarter revenue and unveiled a weaker-than-anticipated outlook for the last quarter of its financial year.

• Agilent (NYSE:) stock fell 9.4% after the lab-equipment maker disappointed with its full-year guidance after , prompting KeyBanc to downgrade its stance on the company to ‘sector weight’ from ‘overweight’.

• Integra LifeSciences (NASDAQ:) stock fell 2.6% after JPMorgan downgraded the medical technology company to ‘underweight’ from ‘neutral’ after the company announced a voluntary global recall of all its products manufactured in its Boston facility.

• PacWest Bancorp (NASDAQ:) stock rose 4.9%, continuing to gain after the agreed to sell its property lending unit in its second asset sale this week to bolster its balance sheet.