AEO, OKTA, MCHP and more
Check out the companies making headlines before the bell. American Eagle Outfitters — Shares jumped nearly 13% after the retailer reported third-quarter earnings of 53 cents per share on revenue of $1.36 billion, beating the Street’s expected earnings of 44 cents per share on revenue of $1.32 billion, according to LSEG data. Strong sales in the company’s Aerie division contributed to the better-than-expected results. Marvell Technology — The stock popped 9% after the provider of data infrastructure semiconductor solutions posted third-quarter earnings of 76 cents per share excluding one-time items on revenue of $2.08 billion, topping analysts’ consensus estimate of 73 cents per share on revenue of $2.07 billion, LSEG data shows. Acadia Healthcare — The behavioral health care and residential treatment provider dropped more than 24% after it cut its full-year earnings guidance. The company now sees earnings per share in a range of $1.94 to $2.04. down from a prior outlook of $2.35 to $2.45. Acadia also updated its liability reserves. Okta — An earnings beat boosted Okta shares by 4%. The company reported third-quarter earnings of 82 cents per share excluding one-time items on revenue of $742 million versus analysts’ expected earnings of 76 cents per share on revenue of $730 million, according to LSEG data. Sprinklr — The customer experience software company rose 4% on better-than-expected results for the third quarter. Sprinklr earned an adjusted 12 cents per share on revenue of $219.1 million. Analysts expected a profit of 9 cents per share on revenue of $209.6 million. Fourth-quarter and full-year guidance also beat expectations. Microchip Technology — The semiconductor manufacturer gained 3.5% after raising guidance for the third quarter. Microchip Technology now expects adjusted earnings of 40 cents per share, versus previous guidance of 34 cents to 40 cents a share. It also projects revenue at the high end of its previously guided range of $1.109 billion to $1.149 billion. Asana — After reporting third-quarter earnings of seven cents per share excluding one-time items on revenue of $201 million, the company’s stock popped nearly 3%. Analysts had expected earnings of six cents per share on revenues of $199 million, LSEG data shows. Asana also raised the high-end of its full-year revenue outlook for 2026. Macy’s — Shares were down slightly premarket even after the company posted a surprise profit for the third quarter. The department store chain earned an adjusted 9 cents per share, while analysts polled by LSEG expected a loss of 14 cents per share. Revenue of $4.71 billion also beat a consensus forecast of $4.62 billion. CrowdStrike — Despite the cybersecurity firm reporting better-than-expected earnings of 96 cents per share excluding one-time items on revenue of $1.23 billion for the third quarter, shares fell about 1.4%. The Street was expecting earnings of 84 cents per share on revenue of $1.22 billion, per LSEG data. Box — Although Box beat on revenue, shares fell about 5%. The company reported revenue of $301 million, topping the Street’s estimate of $299 million, according to LSEG. However, it posted third-quarter earnings of 31 cents per share, in line with analysts’ expectations. GitLab — The stock fell 9% after posting third quarter-earnings of 25 cents per share excluding some items on revenue of $244 million that fell short of analysts’ consensus estimates of 20 cents earnings per share on revenue of $238 million. Pure Storage — Shares fell 13% after the data management and storage firm reported third quarter earnings of 58 cents per share ex-items on revenue of $964.5 million. Analysts had expected EPS of 58 cents on revenue of $956 million, LSEG data shows. — CNBC’s Michelle Fox-Theobald and Fred Imbert contributed reporting
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