Kroger, DocuSign, Snowflake, Adobe and more

Check out the companies making headlines in premarket trading.

Kroger — The supermarket chain fell 2.8% after a mixed second-quarter report. Kroger reported preliminary earnings per share of 96 cents, beating the consensus forecast of 91 cents by analysts polled by LSEG, formerly known as Refinitiv. But Kroger posted quarterly sales of $33.85 billion, down from the $34.13 billion analysts were expecting, and said the company would pay up to $1.2 billion to capture the revenue to settle most opioid-related claims.

Planet Labs – The satellite imagery stock slipped 2.6% in premarket trading after it released a weaker-than-expected earnings report on Thursday. Planet Labs posted a loss of 14 cents a share on revenue of $53.8 million in the second quarter, while analysts polled by LSEG expected a loss of 8 cents a share on revenue of $54.1 million. Guidance for the current quarter and full year missed Wall Street estimates.

DocuSign – Electric Signature shares gained 2.4% in premarket trading after a stronger-than-expected earnings report was released on Thursday. DocuSign reported adjusted earnings per share of 72 cents on revenue of $688 million, while analysts polled by LSEG had forecast earnings of 66 cents per share on revenue of $678 million.

Snowflake – Shares of the cloud data provider are up nearly 2% in premarket trading after DA Davidson initiated research coverage on the stock with a buy rating. The Wall Street company said Snowflake is in an advantageous position with “best-in-class growth rates” and will benefit from increased demand for artificial intelligence applications.

First solar – Shares rose 2.8% in early trading after being upgraded to “buy” by Deutsche Bank on Thursday. The Wall Street firm noted First Solar’s strong growth message at its investor day. Additionally, the price target was raised to $235 per share, implying an upside potential of 30%.

Adobe – The Photoshop software maker is up nearly 2% in premarket trading after Mizuho upgraded the price from neutral to buy. Mizuho said the acceleration of web traffic is a reason to become more optimistic about Adobe. The company will report its next quarterly results on September 14th.

Gilead Sciences — The antiviral drug maker rose 1.6% in premarket trading. On Friday, Bank of America upgraded Gilead to buy from neutral, saying investors don’t appreciate Gilead’s growing pipeline. The bank also raised its price target to $95 from $88, up more than 25% from Thursday’s close.

RH – According to FactSet, the housewares retailer fell 7.3% in premarket trading after forecast for the third quarter fell short of analysts’ estimates. “We continue to expect the luxury home market and broader economy to remain challenging throughout FY23 and into next year as mortgage rates continue to trend towards 20 year highs and the current outlook is that interest rates will remain unchanged through the second quarter of 2024,” CEO Gary Friedman said in a statement Letter to shareholders.

—CNBC’s Yun Li, Sarah Min, Jesse Pound, Michelle Fox and Scott Schnipper contributed reporting.