Stock futures traded higher ahead of the release Friday of the monthly U.S. jobs report. Economists forecast the U.S. added 170,000 jobs during August.
These stocks were poised to make moves Friday:
(DELL) earned $1.74 a share on an adjusted basis in the second quarter, soundly topping its own forecast for $1.10 a share and Wall Street expectations of $1.14. Revenue of $22.9 billion beat forecasts of $20.9 billion, driven by the company’s PC and enterprise infrastructure businesses. The company also issued fiscal-year guidance that topped analysts’ estimates.The stock was up 9.5% in premarket trading.
(AVGO) was falling 4.3% in premarket trading after the chip maker forecast fiscal fourth-quarter revenue of about $9.27 billion, in line with Wall Street estimates.
reported third-quarter adjusted earnings of $10.54, higher than $9.73 a year earlier and better than analysts’ estimates of $10.43 a share. Revenue of $8.88 billion edged past estimates of $8.85 billion.
(TSLA) unveiled a revamped Model 3 with a longer range but raised the price on the electric vehicle by about 12%. The car was unveiled In China, where the vehicle first went on sale Friday.
also cut prices on its expensive Model S and Model X cars, which start at about $100,000. Shares of Tesla declined 0.3%.
Chinese electric-vehicle makers
(XPEV) reported delivers numbers for August than when combined set a monthly record. U.S.-listed shares of
rose 1.9%, NIO was up 1.9%, and
(AAPL) rose 0.4% in premarket trading after the world’s most valuable company marked its worst month since December, falling almost 5% in August. Apple also ended its longest monthly winning streak in nine years, and a seven-month winning streak, its longest since August 2014. The stock, however, has closed higher for five days in a row.
(NTNX) reported fiscal fourth-quarter revenue that beat analysts’ estimates and issued strong first-quarter sales guidance. The company’s board also authorized the repurchase of up to $350 million in stock. The stock jumped 18% in premarket trading.
(MDB) jumped 6.2% in premarket trading after the software company’s second-quarter adjusted earnings of 93 cents a share easily topped forecasts of 46 cents. President and CEO Dev Ittycheria said
“provides developers a unified platform that supports both the foundational requirements necessary for any application and the exceptionally demanding needs of AI-specific applications, making our competitive advantage even stronger in the world of AI.”
‘s (LULU) earnings in the second quarter beat analysts’ estimates and the yoga-pants maker raised fiscal-year guidance. The stock rose 2.6%.
(PD) was down 11% even after the cloud-computing company’s second-quarter adjusted earnings and revenue beat estimates.
said it expects fiscal third-quarter revenue of between $106.5 million and $108.5 million versus analysts’ forecasts of $107.3 million.
(S) rose 5.3% after the cybersecurity company reported a 46% jump in second-quarter revenue and CEO Tomer Weingarten told CNBC in an interview that the company wasn’t for sale following reports it was exploring a transaction.
(INTC) was up 0.7% in premarket trading after CEO Pat Gelsinger said the chip maker was tracking above the midpoint of its third-quarter guidance. Gelsinger also said Intel received “a large customer prepay” for “18A” manufacturing capacity, a reference to the company’s development of 1.8 nanometer production lines, which will be used to produce cutting-edge chips. The CEO said the prepayment allowed the company to accelerate construction of a new chip fabrication facility in Arizona.
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