Stocks making the biggest moves premarket: Dell Technologies, MicroStrategy, Urban Outfitters and more

by | Nov 27, 2024 | Financial

Check out the companies making headlines before the bell. Dell Technologies — Shares fell more than 12% after the PC maker said it sees fourth-quarter revenue and earnings below Wall Street expectations . However, the company gave bullish commentary on artificial intelligence sales growth. Workday — Shares fell about 11% after the human resources software company offered a light fourth-quarter forecast . The company expects $2.025 billion in subscription revenue and an adjusted operating margin of 25%. However, analysts polled by StreetAccount expected $2.04 billion in subscription revenue and a margin of 25.5%. HP — The personal computer maker slumped 8% on disappointing earnings guidance. HP said it expects earnings, excluding items, to range between 70 cents per share and 76 cents per share. Analysts polled by FactSet anticipated guidance of 85 cents per share. Autodesk — The stock slid more than 7% after the software company’s fourth-quarter forecast came in below analysts’ estimates. Autodesk expects earnings per share to be between $2.10 and $2.16, excluding items, and revenue of $1.623 billion to $1.638 billion. Analysts were looking for 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 Dec. 16. MicroStrategy , Coinbase — Stocks tied to the price of bitcoin rose as the cryptoc …

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