Stocks making the biggest moves premarket: DE, DELL, HPQ, ADSK
Check out the companies making headlines before the bell: Deere — The seller of farm equipment dropped 4.5% even posting fiscal fourth quarter results that exceeded estimates. Deere reported earnings of $3.93 per share on revenues of $10.58 billion. Analysts polled by LSEG had anticipated per-share earnings of $3.85 on revenues of $9.85 billion. Dell Technologies — Shares rose 2.9% following upbeat guidance that was driven by strong AI sales expectations. Dell said it was expecting $31.5 billion in sales for the fourth quarter, topping analyst an LSEG consensus forecast of of $27.59 billion. Urban Outfitters — The apparel retailer surged roughly 17% following third-quarter results that exceeded expectations. Urban Outfitters earned $1.28 per share on revenue of $1.53 billion. That topped calls for $1.20 per-share earnings on revenue of $1.47 billion, according to consensus estimates from LSEG. Autodesk — The software company jumped 8% after posting third-quarter earnings of $2.67 per share, on an adjusted basis, with revenue of $1.85 billion. Analysts polled by FactSet expected earnings of $2.50 per share on revenue of $1.81 billion. Petco Health & Wellness — The pet retailer soared 17% after Petco hiked its guidance for full-year adjusted EBITDA of $395 million to $397 million, from prior guidance of $385 million to $395 million. NetApp — The data infrastructure company jumped more than 6% after NetApp posted fiscal second-quarter earnings and third-quarter guidance that surpassed expectations. NetApp earned $2.05 per share, on an adjusted basis, better than the $1.89 per-share earnings forecasted by analysts polled by LSEG. Revenue of $1.71 billion also topped the predicted $1.69 billion. HP — The PC and printer maker lost more than 3% after it firm said it will lower its headcount by 4,000 to 6,000 people . The company also issued a lower-than-expected earnings projection for the new fiscal year. Zscaler — The cloud security company’s shares slid nearly 7% after Zscaler posted an operating loss. However, Zscaler beat first-quarter expectations on the top and bottom lines, and also issued a rosy full-year outlook. Nutanix — The cloud computing company tumbled nearly 15% after its fiscal first-quarter revenue missed expectations and it slashed its outlook for the full fiscal year. Nutanix now anticipates revenue in the range of $2.82 billion to $2.86 billion for fiscal 2026, versus its prior guidance of $2.9 billion to $2.94 billion. Analysts polled by FactSet were expecting guidance of $2.92 billion. PagerDuty — The cloud company shed 6% on mixed third-quarter results. PagerDuty earned 33 cents, excluding certain items. That topped a FactSet estimate of 25 cents per share. Revenue of $124.5 million, however, was just below a consensus forecast of $125 million Workday — The HR software maker fell 6% on underwhelming guidance for the company’s fiscal third quarter and year. For the current quarter, Workday sees subscription revenue of around $2.235 billion, just below a FactSet estimate of $2.24 billion. For the fiscal year, it expects sales from subscriptions around $8.815 billion. Analysts expected a forecast of $8.8 billion. Ambarella — Shares of the fabless semiconductor maker dropped 7% even after the company posted third-quarter results that beat expectations. Ambarella earned an adjusted 27 cents per share on revenue of $109 million. Analysts expected a profit of 21 cents per share on revenue of $104 million. — CNBC’s Michelle Fox, Alex Harring, Fred Imbert and Yun Li contributed reporting
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