Premarket movers: Salesforce, Ford, Nordstrom and others

Take a look at some of the biggest movers in the premarket:

Nordstrom's retail stock surged 30.5% in premarket trading after the company posted better-than-expected fourth-quarter earnings. The company reported earnings of $1.23 per share, exceeding the Refinitiv consensus estimate of $1.02 expected. Additionally, revenue surpassed expectations. Nordstrom attributed its success to improvements in its off-price business, Nordstrom Rack.

Salesforce's fourth-quarter report exceeded Wall Street expectations, resulting in a 4% increase in premarket shares. The company reported adjusted earnings of 84 cents per share on revenue of $7.33 billion, while analysts predicted a profit of 74 cents per share on revenue of $7.24 billion, according to Refinitiv.

The electric vehicle business of Ford will be streamlined and maximized for profits after the company announced it will split its electric vehicle and legacy businesses into separate units. Ford's electric vehicle business saw a 4% increase in premarket trading after the announcement.

After SoFi's quarterly report, the digital financial services company's shares surged 15.5% premarket. Despite posting a loss of 15 cents per share on revenue of $279.9 million, which was lower than the Refinitiv consensus estimate of a 17-cents loss per share on revenue of $279.3 million, the shares experienced a significant increase in value.

Ross Stores reported a 6.3% increase in premarket trading after beating earnings expectations. The retailer's fourth-quarter earnings were $1.04 per share on $5.02 billion in revenue, while analysts predicted a profit of 87 cents per share on $4.96 billion in revenue.

Despite a slight earnings beat for the most recent quarter, Hewlett Packard's shares added only 5.5% premarket after the company reported a quarterly revenue miss. Earnings of 53 cents per share for the quarter beat analysts' estimates by 7 cents, but revenue of $6.96 billion was below the consensus estimate of $7.03 billion.

Abercrombie & Fitch's shares dropped 8.1% before trading began after the retailer failed to meet both its top and bottom-line estimates. The company reported adjusted earnings of $1.14 per share on revenue of $1.16 billion. Analysts had predicted a profit of $1.27 per share on revenue of $1.18 billion, according to StreetAccount.

First Solar's shares plummeted 12.4% before market open after the company fell short of revenue expectations for the fourth quarter. Additionally, the solar-panel manufacturer provided weak full-year guidance.

Dollar Tree's shares rose 1% premarket following a better-than-expected fourth-quarter report. Although the company's revenue slightly missed analyst estimates, it posted earnings of $2.01 per share, exceeding the StreetAccount consensus estimate of $1.78 per share.

DraftKings' stock price increased by 2.3% before the market opened after Morgan Stanley named it a top pick. According to the investment firm, the US online sports betting and iGaming market is expected to be substantial, with a few dominant players, including DKNG.