Gap, Marvell, Workday rise premarket; Ulta Beauty falls By

-- Stocks in focus in premarket trade on Forex foreign exchangeFriday, May 26th. Please refresh for updates.

• Gap(NYSE:) stock soared 11% after the clothes retailer reported a surprise profit in the first quarter, citing restructuring efforts and easing supply chain costs.

  

• Marvell(NASDAQ:) stock rose 19% after the reported better-than-expected first-quarter results and offered encouraging revenue guidance for the current quarter as artificial intelligence emerges as a key growth driver.

• Ulta Beauty(NASDAQ:) stock fell 8.7% after the beauty chain reported disappointing first-quarter , while comparable sales growth slowed sharply.

• Workday(NASDAQ:) stock rose 9.2% after the cloud-software company reported better-than-expected quarterly and lifted its outlook, with subscriptions revenues up over 20% from last year.

• Paramount Global(NASDAQ:) stock rose 5.6% after the Wall Street Journal reported that the media conglomerate’s controlling shareholder secured a $125 million investment.

• PDD Holdings(NASDAQ:) stock rose 13% after the Chinese company, which owns e-commerce platform Pinduoduo, beat expectations for first-quarter on demand from price-conscious customers.

• RH(NYSE:) stock fell 2.8% after the , which specializes in furnishings and fittings for luxury homes, trimmed its outlook on margins as it looks to clear inventory, overshadowing healthy first-quarter .

• Costco(NASDAQ:) stock fell 0.5% after the disappointed with its third quarter results, citing a one-time charge to discontinue charter shipping activities.

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