Check out the companies making headlines in pre-market trading. Oracle — Shares of information technology companies rose 13.3% on strong earnings per share. Oracle reported adjusted earnings per share of $1.41, beating the consensus estimate of $1.38 among analysts surveyed by LSEG. About the holding – Shares fell more than 14% after the shoe company released quarterly results that disappointed investors. For the fourth quarter, On Holding reported a fourth-quarter loss of CHF0.05, below expected earnings per share of CHF0.10, according to StreetAccount consensus estimates. Revenue of CHF 447.1 million missed the consensus estimate of CHF 450.9 million. Kohl’s — Shares rose 2.2% after the retailer reported strong earnings and revenue for the fourth quarter. Earnings per share came in at $1.67, beating the LSEG consensus estimate of $1.28. Revenue was $5.71 billion, versus expectations of $5.7 billion. The company also announced it would add Babies R Us to about 200 stores this fall. Asana – The work management platform fell 2.3% after providing weak full-year revenue guidance. Asana said it expected $716 million to $722 million, missing the $725 million forecast from analysts surveyed by LSEG. That distracted attention from the company’s better-than-expected fourth-quarter earnings report. Coinbase – Shares rose 2.1% after Raymond James said he was less pessimistic about the cryptocurrency trading platform. The firm upgraded the stock to market perform from underperform, citing the impact of exchange-traded funds on fund flows. Southwest Airlines — Shares of the airline fell 7% after Southwest Airlines said it was “revising all previous guidance for the full year 2024, including capital expenditure expectations” due to delays in aircraft deliveries from Boeing. The airline expects its unit revenue to remain flat and increase no more than 2% from a year earlier, down from a January estimate of growth of as much as 4.5%. Southwest also said its first-quarter vacation bookings were lower than expected. Bitdeer Technologies – Cryptocurrency shares rose 4.6% after B. Riley offered a buy rating. The company said Bitdeer is well positioned due to its diverse business model and access to low-cost electricity. Ventyx — Shares of the biopharmaceutical company rose 7.1% as Wall Street found reasons to like its latest clinical data. Wells Fargo upgraded the stock to outperform while raising its price target for the stock to $16. Meanwhile, Oppenheimer upgraded the stock to outperform and raised its price target to $12 per share. Microstrategy. Shares of the bitcoin developer jumped 6.2% amid bullish comments from Wall Street analysts. Canaccord Genuity, which has a buy rating, said the stock is not “resting on its laurels” as Bitcoin rises to record highs and raised its price target to $1,810. TD Cowen also raised its price target to $1,560 while maintaining an outperform rating, noting the rapid rise in Bitcoin reserves. — CNBC’s Sarah Min, Lisa Kailai Han and Michelle Fox contributed reporting.
