Check out the companies making the biggest moves in premarket trading: Salesforce — The software company raised its fourth-quarter revenue guidance, sending shares nearly 2% higher. Salesforce now expects revenue between $41.45 billion and $41.55 billion. Its third-quarter results were mixed. Snowflake — The cloud-based data storage company tumbled 8.6% after its outlook for product revenue growth for the January quarter disappointed investors. However, Snowflake’s third-quarter results topped expectations. Toast — The payment tech company advanced 2.8% on the back of an upgrade to overweight at JPMorgan. The firm called Toast a “bonafide software-payments leader.” Five Below — The discount retailer jumped 4.5% after its third-quarter results blew past expectations. Adjusted earnings came in at 68 cents per share, nearly three times higher than the 24 cents expected from analysts polled by LSEG. Five Below’s revenue of $1.04 billion also topped the $980 million consensus estimate. nCino — Shares rose 8% after the cloud banking solutions firm raised its guidance for next year. The company forecasts earnings between 90 and 91 cents per share excluding some items in 2026, versus its prior guidance of earnings from 77 cents to 80 cents per share. Hormel Foods — Shares rose 6.5% after the Spam maker posted disappointing revenue for the latest quarter, but hinted at a turnaround next year. Hormel said its full-year earnings per share could reach as high as $1.51, excluding items, while analysts polled by FactSet estimate $1.45 per share. UiPath — The software stock rose 8% on the heels of the company’s better-than-expected third-quarter results. The company posted adjusted earnings of 16 cents per share on revenue of $411 million, above the 15 cents in earnings per share and $393 million in revenue that analysts surveyed by LSEG had called for. — CNBC’s Alex Harring and Liz Napolitano contributed reporting
