Stocks making the biggest moves premarket: Dell Technologies, MicroStrategy, Urban Outfitters and more
Check out the companies making headlines before the bell rings.
Dell Technologies
Shares fell more than 12% after the PC maker said it forecast fourth-quarter revenue and earnings below Wall Street expectations. However, the company made optimistic comments about the growth of artificial intelligence sales.
work day
Shares fell about 11% after the human resources software company offered a light outlook for the fourth quarter. The company expects $2.025 billion in subscription revenue and an adjusted operating margin of 25%. However, analysts surveyed by StreetAccount expected $2.04 billion in subscription revenue and a 25.5% margin.
horsepower
The personal computer maker fell 8% on disappointing earnings forecasts. HP said it expects earnings, excluding items, to range between 70 cents per share and 76 cents per share. Analysts surveyed by FactSet anticipated guidance of 85 cents per share.
Autodesk
Shares fell more than 7% after the software company’s fourth-quarter forecast fell short of analyst estimates. Autodesk expects earnings per share to be between $2.10 and $2.16, excluding items, and revenue of between $1,623 and $1,638 million. Analysts had expected earnings of $2.12 per share on $1.62 billion in revenue, according to LSEG. Additionally, Autodesk appointed Janesh Moorjani as its chief financial officer, effective December 16.
Microstrategy
, Coinbase
Bitcoin stocks rose as the cryptocurrency gained ground Wednesday following its pullback toward $90,000 on Tuesday. MicroStrategy shares advanced about 6%, while Coinbase shares rose about 2%.
urban providers
Shares rose nearly 12% after the retailer reported earnings and revenue beat post-market on Tuesday. Its adjusted earnings were $1.10 per share, beating the 86 cents expected by analysts surveyed by LSEG. Revenue came in at $1.35 billion versus the consensus estimate of $1.34 billion.
Strike crowd
Cybersecurity stocks fell 4% after cautious guidance from the company. CrowdStrike said it expects between 84 cents and 86 cents in earnings per share in the fourth quarter, while analysts surveyed by LSEG had forecast 86 cents. CEO George Kurtz said on a call with analysts that the company expects an acceleration in net new annual recurring revenue in the second half of 2025, which may be further off than some investors expected.
ambarella
Shares soared about 21% following the semiconductor design company’s upbeat fourth-quarter outlook. Ambarella expects revenue of between $76 million and $80 million for the period, above the $69 million expected by analysts surveyed by LSEG. The company’s adjusted earnings and revenue for the third quarter also surpassed Street expectations.
nutanix
Shares rose 5.5% after Nutanix reported fiscal first-quarter results that beat expectations. Fiscal first-quarter adjusted earnings of 42 cents beat the LSEG consensus estimate of 31 cents. Revenue of $591 million beat the expected $572 million.
CNBC’s Samantha Subin, Jesse Pound, Sarah Min, Pia Singh and Michelle Fox Theobald contributed reporting.
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