Check out the companies making the biggest pre-market moves: Dell Technologies — The laptop maker soared about 37% after raising its full-year outlook. Dell expects adjusted earnings per share to be $17.90 and revenue to be in the range of $165 billion to $169 billion. Analysts surveyed by LSEG had expected earnings of $13.09 per share on revenue of $142.5 billion. Computer Stocks — Stock prices of other companies involved in computer hardware and services rose on the back of Dell’s earnings. Hewlett Packard Enterprise rose more than 17%. Super microcomputers rose nearly 10%, and HP rose nearly 7%. American Eagle Outfitters — The teen apparel retailer’s stock fell about 11%. Like-for-like sales for the company’s American Eagle banner fell 2% in the first quarter, while analysts surveyed by Street Account had expected 3.1% growth. Guidance for the second quarter was also disappointing, with the company expecting operating profit of $45 million to $50 million, compared to the FactSet consensus estimate of $65.3 million. GAP — Shares fell more than 15% after the clothing retailer cut its sales outlook for this year and now expects companywide sales to grow between 1% and 2%. Previously, it was expected to be in the 2-3% range. Gap’s first-quarter sales of $3.52 billion also fell short of analysts’ expectations of $3.52 billion, according to LSEG. However, adjusted earnings per share were 38 cents, beating expectations of 37 cents. Space stocks — Stocks of space companies are falling after a Blue Origin rocket exploded on its launch pad during a ground test Thursday night in Florida. AST Space Mobile, which is affiliated with Blue Origin, fell nearly 15%. Echostar fell 4.5% and Rocket Lab fell 5.5%. Okta — Shares rose about 8% after the identity management company released its earnings outlook for the current quarter along with its full-year revenue outlook. The outlook was higher than expected by analysts surveyed by FactSet. Okta also reported first-quarter non-GAAP earnings, revenue, and operating income that exceeded consensus estimates. NetApp — Data infrastructure stocks soared 16.5% after NetApp released first-quarter and full-year guidance that beat analysts’ expectations in a FactSet survey. The company also reported higher adjusted earnings and sales for its fiscal fourth quarter. Autodesk — Shares fell 7% after the design and engineering software maker’s first-quarter revenue by subscription hit $98 million, missing StreetAccount’s consensus estimate of $104 million. However, Autodesk reported both top and bottom line growth in the first quarter and expects revenue and earnings to beat FactSet’s forecasts this quarter. Snowflake — The software company rose 1.5% in premarket trading Friday after surging 36% on Thursday after its earnings report marked the stock’s best day ever. HSBC also upgraded the stock to Buy, arguing that demand for the company’s artificial intelligence tools will only continue to rise. Asana — shares of the enterprise work management software platform rose 2%. LSEG said Asana expects full-year sales to be in the range of $856 million to $864 million, higher than analysts’ expectations of $854 million. Revenue guidance for the quarter is $213 million to $215 million, also beating the Street’s estimate of $212 million. MongoDB — Shares rose 3.5% after the software company raised its outlook for full-year adjusted earnings, revenue, and adjusted operating income. The company also sees these metrics as beating expectations from analysts surveyed by FactSet. Meanwhile, MongoDB also posted Q1 highs in all three metrics. PagerDuty — Cloud computing stocks rose 12.5% after the company raised its full-year profit outlook. The company now expects adjusted earnings to be in the range of $1.27 to $1.32 per share, beating previous guidance of $1.23 to $1.28 per share and also beating FactSet’s estimate of $1.26 per share. PagerDuty also reported higher adjusted earnings, revenue and adjusted operating income for the quarter. Elastic — Shares fell more than 6% after the software company said it expected adjusted earnings for the current quarter to range from 57 cents to 59 cents a share, falling short of the 63 cents that analysts had expected, according to FactSet. However, the company’s fourth-quarter fiscal year adjusted earnings and sales beat expectations. SentinelOne — Cybersecurity stocks fell 16% after the company expected revenue for the current quarter between $289 million and $291 million, below the $292 million forecast in a survey of analysts surveyed by LSEG. Adjusted profit forecasts for the same period were also lower than expected. — CNBC’s Darla Mercado contributed reporting.
