Levi Strauss & Co. (LEVI) shares are sinking after it reported weaker-than-expected revenue; Micron Technology (MU) stock is moving lower after its net income came in lower than expectations; investors are eyeing Nike’s (NKE) Olympic marketing plans as the shoemaker is set to report earnings after the bell; Salesforce (CRM) shareholders are set to vote on executive pay packages and activist investor proposals; and shares of Amazon (AMZN) are in focus after the e-commerce giant crossed the $2 trillion market capitalization ♓level. U.S. stock futures are lower. Here's what investors need to know today.

1. Levi’s 🗹Sinks as Sales Narrowly Miss Expectations

Shares of Levi Strauss & Co. (LEVI) are plummeting 15% in premarket trading after the jeans maker reported quarterly revenue that narrowly missed analyst expectations. While Levi’s reported adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of 16 cents that beat expectations, its $1.44 billion in revenue was just below analyst forecasts, sending shares lower. The company said weak sales at its Docker’s unit helped contribute to the revenue miss, while foreign exchange rates also played a factor. Levi’s raised its dividend to 13 cents a share, its first increase i🎃ꩲn six quarters.

2. Micron Drops on Weak Revenue Guidance

Micron Technology (MU) shares are more than 5% lower in premarket trading after the chipmaker issued 澳洲ꦅ幸运5官方开奖结果体彩网:weaker-than-expected revenue guidance, despite reporting revenue that exceeded analyst expectations. While Micron’s third-quarter revenue of $6.81 billion was up 82% from the same period last year, its net income of $332 million was lower than analysts were expecting. Micron projected $7.6 billion in revenue for the final quarter of the 2024 fiscal year, in line with analyst projections, though though J.P. Morgan and Citi analysts 澳洲幸运5官方开奖结果体彩网:suggested investors had higher expectations.

𝔉 3. Investors Looking to See Earnings Growth at Nike

Nike (NKE) shares are little changed ahead of its earnings report, scheduled to be released after markets close today. Analysts are expecting Nike to 澳洲幸运5官方开奖结果体彩网:improve on both sales and earnings in its third-quarter financial report, coming after it issued guidance projecting a low-single-digit revenue drop in the first half of the company’s fiscal 2025. The athletic apparel maker has pointed to "increased macro economic headwinds,” particularly in Europe, the Middle East and Africa (EMEA), and Greater China regions, leading it to announce $2 billion in cost-cutting measures over the next three years, even as it focuses on boosting marketing around the upcoming Paris Olympics. Meanwhile, 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) John Donahoe has said that Nike has underinvested in the running shoe category, something the company was looking to reverse in coming quarters.

4. Salesforce Investors to Conside𒆙r Executive Pay Packages

Investors will be watching Salesforce (CRM) ahead of its 澳洲幸运5官方开奖结果体彩网:shareholder meeting on Thursday, where the company could provide updates on its  澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) progress after it reported weaker-than-expected sales during its most 澳洲幸运5官方开奖结果体彩网:recent quarterly earnings report. In addition to receiving company updates, investors will vote on several measures, including pay packages for executives. Shareholders will also🍨 cast votes on a trio of proposals from activist investors, including one that would require two separate people to serve as chair and chief executive—two positions currently held by CEO Marc Benioff—and another that would limit executive pay packages. Shares of Salesforce are down less than 0.5% in pr𓂃emarket trading.

5. Amazon in Focus After I🍨t Reaches $2 Trillion Market C🔴ap

Amazon (AMZN) shares are in focus after the online e-commerce giant 澳洲幸运5官方开奖结果体彩网:reached $2 trillion in market ꦕcapitalization in trading on Wednesday. 澳洲🎀幸运5官方开奖结果体彩网:Amazon joined four other te🌼ch companies in reaching that milestone: Nvidia (NVDA), Apple (AAPL), Microsoft (MSFT), and Alphabet (GOOGL). Shares of Amazon, which have been lifted by spending on AI and cloud computing, are up 0.3% in premarket trading.