Stocks making the biggest moves premarket: Dell Technologies, Ulta Beauty, Ambarella, Gap and more
Stocks making the biggest moves premarket: Dell Technologies, Ulta Beauty, Ambarella, Gap and more
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Check out the companies making headlines in premarket trading. Dell Technologies — Stock in the personal computer and technology company slid more than 16% after executives warned about further margin pressure ahead. The company posted a first-quarter earnings beat on the top and bottom line but forecast that its gross margin will pull back roughly 150 basis points in 2025. Lionsgate Studios — Shares soared 11% after Citi initiated coverage of the film studio company with a buy rating. Analyst Jason Bazinet said the company’s decision to spin off its Starz segment could help Lionsgate further expand margins moving forward. Zscaler — The cloud security stock popped more than 16% after Zscaler beat analyst expectations for its fiscal third-quarter earnings and revenue. The company posted adjusted earnings of 88 cents per share on revenue of $553 million while analysts had expected per-share earnings of 66 cents on $536 million in revenue, according to LSEG. Nordstrom — The department store stock slumped 5% before the opening bell after reporting a wider-than-expected first-quarter loss . Nordstrom stuck by its full-year earnings forecast and reported strong growth in its Nordstrom Rack segment, which outperformed the headline brand stores. Gap — Shares climbed more than 25% after the apparel company lifted its full-year operating income forecast on the heels of a first-quarter earnings beat. Gap executives now expect operating income to grow roughly 40%, compared with a previous estimate that called for low-to-mid-teens expansion. Ambarella — Stock in the chipmaker soared 18% after telling investors it expected continued revenue growth into fiscal year 2025, thanks to robust demand for artificial intelligence. Ambarella reported a smaller-than-expected first-quarter loss and in-line revenue. Ulta Beauty — The beauty retailer’s shares added nearly 9% after its CEO outlined five key areas where it is planning on taking action to improve sales. Ulta on Thursday posted fiscal first-quarter earnings that reflected a 1.6% year-over-year increase in same-store sales, a significant slowdown from the same period a year earlier. Marvell Technologies — The semiconductor stock pulled back roughly 2% after the company issued in-line second-quarter revenue guidance, but the forecast for adjusted earnings per share came in a penny shy of estimates. MongoDB — Shares of the technology company fell 23% after second-quarter guidance came in below expectations. MongoDB said it expected to earn 46 cents to 49
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