Market Data 
Check out the companies making headlines before the bell. Abercrombie & Fitch — Shares of the retailer, which owns the Abercrombie and Hollister banners, fell more than 9% after it reported a 21% increase in its revenue during its fiscal second quarter and issued bullish guidance for the current period. Abercrombie posted earnings of $2.50 per share on revenue of $1.13 billion, surpassing earnings expectations of $2.22 per share on $1.10 billion in revenue, per analysts polled by LSEG. Nordstrom — Stock in the retailer climbed more than 1% after second-quarter earnings beat estimates , while the company raised the low end of its full-year outlook. Nordstrom expects fiscal 2024 earnings in the range of $1.75 to $2.95 per share, compared with a previous estimate of $1.65 to $2.05. The department store earned 96 cents per share in the second quarter, while analysts polled by LSEG had expected 71 cents. J M Smucker — The consumer foods company slipped about 4% after it lowered its full-year guidance and posted quarterly revenue of $2.13 billion, in line with analysts’ estimates, according to FactSet. Earnings of $2.44 per share beat expectations, however, as analysts had called for earnings of $2.17 for the period. Nvidia — Shares were little changed as Wall Street readied for the chip giant’s earnings report after the bell. Analysts will be paying close attention to the company’s forecast and commentary on production of its Blackwell chips following reports of delays. Bath & Body Works — The fragrance seller shed about 4% after reporting disappointing revenue for the second quarter and lowering its full-year guidance. Bath & Body works posted earnings of 37 cents per share, excluding items, on $1.53 billion for the quarterly period. Analysts polled by FactSet, meanwhile, had called for adjusted earnings of 36 cents per share on $1.54 billion in revenue. The company’s management said it is “taking a prudent approach” to its outlook given sales trends and a chopper macroeconomic environment. Box — The cloud storage company jumped 6% on the back of better-than-expected second-quarter earnings and revenue. Box posted adjusted earnings of 44 cents per share on $270 million in revenue, while analysts surveyed by LSEG expected Box to earn 40 cents per share on $269 million in revenue. Foot Locker — Shares were down more than 8% in the premarket after the company reported lackluster second-quarter results. The company posted a loss 5 cents per share, excluding items, on revenue of $1.9 billion . Analysts polled by LSEG expected a loss of 7 cents per share on revenue of $1.89 billion. However, the retailer posted same-store sales growth for the first time in six quarters. nCino — Shares dropped nearly 14%. The cloud-based banking platform issued weaker-than-expected third-quarter guidance, though second-quarter results topped estimates. nCino forecasted adjusted third-quarter earnings per share of 15 cents to 16 cents, which was slightly below to in line with the FactSet consensus earnings estimate of 16 cents per share. Revenue guidance of $136 million to $138 million came in below the anticipated $138.6 million. Super Micro Computer — Shares of the server company fell more than 2% as investors continued to digest a report from a short-seller on Tuesday that targeted the company’s accounting practices. The stock closed down 2.6% in Tuesday’s trading session after the report was released. PVH — The company, which owns Tommy Hilfiger and Calvin Klein, saw its shares fall more than 8% after it offered a bleak outlook for the third quarter. PVH forecasted third-quarter adjusted earnings of $2.50 per share, which is substantially lower than the $3.12 per share expected from analysts polled by LSEG. The company also expects revenue will decline 6% to 7% from the year-ago period, greater than analysts’ expectation for a 4.6% decline. Ambarella — The semiconductor developer popped nearly 20% after it gave a positive third-quarter revenue outlook of between $77 million to $81 million. That compares with a forecast of $69 million from analysts polled by LSEG. Ambarella also exceeded analysts’ top and bottom-line estimates for the second quarter. Coinbase , MicroStrategy — Stocks tied to crypto edged lower as the price of bitcoin fell under $60,000 amid a wave of liquidations on the Bybit exchange. Both Coinbase and MicroStrategy shares shed more than 1%. — CNBC’s Fred Imbert, Samantha Subin, Jesse Pound, Brian Evans and Sarah Min contributed reporting.
