Check out the companies making headlines before the bell. Dell Technologies — Shares fell more than 12% after the PC maker announced fourth-quarter sales and profits that fell short of Wall Street expectations. Indeed, the company also made bullish comments about artificial intelligence sales growth. Workday — Shares fell about 11% after the human resources software company released modest fourth-quarter guidance. The company expects subscription revenue to be $2.025 billion and adjusted operating margin to be 25%. However, analysts surveyed by StreetAccount expected subscription revenue of $2.04 billion and a profit margin of 25.5%. HP — The personal computer maker fell 8% following a disappointing earnings outlook. HP said it expects earnings, excluding items, to be in the range of 70 cents to 76 cents per share. Analyst forecast guidance compiled by FactSet was 85 cents per share. Autodesk — Shares fell more than 7% after the software company’s fourth-quarter forecast fell short of analysts’ expectations. Autodesk expects earnings per share, excluding items, to be in the range of $2.10 to $2.16 and revenue in the range of $1.623 billion to $1.638 billion. Analysts had expected earnings of $2.12 a share on revenue of $1.62 billion, according to LSEG. Additionally, Autodesk has appointed Janesh Moorjani as Chief Financial Officer, effective December 16th. MicroStrategy, Coinbase — Stocks tied to the price of Bitcoin rose on Wednesday after the cryptocurrency retreated toward $90,000 on Tuesday. MicroStrategy stock rose about 6%, and Coinbase stock rose about 2%. Urban Outfitters — The retailer soared nearly 12% after reporting higher-than-market profits and revenue on Tuesday. Adjusted earnings were $1.10 per share, beating the 86 cents expected by analysts surveyed by LSEG. Sales came in at $1.35 billion, compared to the consensus estimate of $1.34 billion. CrowdStrike — Cybersecurity stock fell 4% on cautious guidance from the company. CrowdStrike expects fourth-quarter earnings of 84 cents to 86 cents a share, compared with the forecast of 86 cents among analysts surveyed by LSEG. Chief Executive George Kurtz said on a conference call with analysts that the company expects annual net new recurring revenue to accelerate in the second half of next year, which is faster than some investors had expected. He said it may be far away. Ambarella — Shares soared about 21% after the semiconductor design company’s positive outlook for the fourth quarter. Ambarella expects sales of $76 million to $80 million for the current period, higher than the $69 million expected by analysts surveyed by LSEG. The company’s third-quarter adjusted earnings and revenue also beat TheStreet’s expectations. Nutanix – Shares soared 5.5% after Nutanix reported better-than-expected first-quarter results. First-quarter adjusted earnings were 42 cents, beating the LSEG consensus estimate of 31 cents. Sales were $591 million, exceeding expectations of $572 million. — CNBC’s Samantha Subin, Jesse Pound, Sarah Ming, Pia Singh and Michelle Fox Theobald contributed reporting.
