Stocks making the biggest moves premarket: Dell, MongoDB, Lululemon and more
2 min read
A Dell Technologies flag outside the company headquarters in Round Rock, Texas, US, on Monday, Feb. 6, 2023.
Jordan Vonderhaar | Bloomberg | Getty Images
Check out the companies making headlines before the bell:
Dell Technologies — Dell Technologies surged 10.5% after exceeding analysts’ second-quarter expectations. The computer company reported adjusted per-share earnings of $1.74 and revenue of $22.93 billion. Analysts polled by Refinitiv anticipated per-share earnings of $1.14 and $20.85 billion. Morgan Stanley named Dell a top pick in IT hardware.
MongoDB — MongoDB advanced 5% after topping Wall Street expectations in its latest quarter. The database software maker posted adjusted earnings of 93 cents per share on revenue totaling $423.8 million for the second quarter. Those results topped expectations of 46 cents earnings per share and $393 million in revenue, according to a consensus estimate from Refinitiv.
Lululemon Athletica — Shares added 2.3% in premarket trading after the athletic apparel retailer reported an earnings beat. Earnings per share for its second fiscal quarter came in at $2.68, topping the Refinitiv consensus estimate of $2.54. Revenue was $2.21 billion, versus the $2.17 expected. Lululemon also upped its guidance for the year.
Walgreens Boots Alliance — The drugstore chain rose by 0.4% in early trading. Walgreens said Friday that Roz Brewer had stepped down as the company’s chief executive and left the board.
Vale — The metals and mining stock rose nearly 2% after JPMorgan upgraded Vale to overweight from neutral, saying that shares look too cheap too ignore after recent pullback, valuation reset.
VMware — The cloud services company slid 1.9% before the bell. VMware gave a mixed second-quarter report on Thursday, beating expectations for earnings per share while missing on revenue. The company also said it entered a definitive agreement to be acquired by Broadcom.
Broadcom — Shares of the chipmaker fell 4% despite Broadcom’s fiscal third-quarter results beating expectations. The semiconductor company generated $10.54 in adjusted earnings per share on $8.88 billion of revenue. Analysts surveyed by Refinitiv were expecting $10.42 per share on $8.86 billion of revenue. Fourth-quarter revenue guidance of $9.27 billion was roughly in line with estimates.
— CNBC’s Michelle Fox, Alex Harring, Jesse Pound and Samantha Subin contributed reporting
