Check out the companies making headlines before the market opens. Dell Technologies — Shares of Dell Technologies fell more than 12% after the PC maker said it expected fourth-quarter revenue and profit to fall short of Wall Street estimates. To be sure, the company also gave optimistic comments about artificial intelligence sales growth. Workday — Shares of Workday fell about 11% after the human resources software company issued an upbeat fourth-quarter forecast. The company expects subscription revenue of $2.025 billion and adjusted operating margin of 25%. However, analysts polled by StreetAccount expected subscription revenue of $2.04 billion and a profit margin of 25.5%. HP – The PC maker fell 8% after disappointing profit guidance. HP said it expected earnings per share excluding items to be between 70 cents and 76 cents per share. Analysts polled by FactSet expected a price guide of 85 cents per share. Autodesk — Shares of Autodesk fell more than 7% after the software company’s fourth-quarter forecast missed analysts’ expectations. Autodesk expects earnings per share to be between $2.10 and $2.16, excluding items, on revenue between $1.623 billion and $1.638 billion. Analysts expected earnings of $2.12 per share and revenue of $1.62 billion, according to LSEG. Additionally, Autodesk appointed Janesh Moorjani as financial officer, effective December 16. MicroStrategy shares rose about 6% and Coinbase shares rose about 2%. Urban Outfitters — Shares of Urban Outfitters rose nearly 12% Tuesday after the retailer reported profit and revenue that beat after-hours results. Adjusted earnings per share were $1.10, above the 86 cents expected by analysts polled by LSEG. Revenue was $1.35 billion, compared with consensus estimates of $1.34 billion. CrowdStrike — Cybersecurity stocks fell 4% after the company issued cautious guidance. CrowdStrike said it expected fourth-quarter earnings of 84 to 86 cents per share, while analysts polled by LSEG forecast 86 cents. Chief Executive George Kurtz said on an analyst call that the company expects net new annual recurring revenue to accelerate in the second half of next year, which may be farther than some investors expect. Ambarella — The semiconductor design company’s fourth-quarter outlook was positive, sending its shares soaring about 21%. Ambarella expects revenue in the period of $76 million to $80 million, above the $69 million expected by analysts surveyed by LSEG. The company also beat Wall Street expectations for third-quarter adjusted profit and revenue. Nutanix – Nutanix shares rose 5.5% after the company reported fiscal first-quarter results that beat expectations. Adjusted profit for the fiscal first quarter was 42 cents, above the LSEG consensus estimate of 31 cents. Revenue of $591 million beat expectations of $572 million. —CNBC’s Samantha Subin, Jesse Pound, Sarah Min, Pia Singh and Michelle Fox Theobald contributed reporting.
