Check out the companies that make headlines before the bell. Intel – Stock has risen 10% after saying it has appointed Lip-Bu Tan, former CEO of software company Cadence Design Systems, as new CEO. Tan has replaced interim CO-CEOS David Zinsner and MJ Holthaus. UIPATH – Stocks fell 18% after the software company’s fourth quarter revenue and first quarter sales guidance lost Wall Street estimates. In the fourth quarter, UIPATH recorded revenue of $424 million, down from the $425 million forecast by analysts surveyed by LSEG. The company also expects revenues to be between $330 million and $335 million for the current quarter, but analysts were looking for $368 million. Adobe – Stocks fell 6% as Adobe is issuing fiscal second quarter guidance. The company considers its earnings of $4.95 per share at $5.77 billion to $5.82 billion per share. Analysts were penciling in earnings of $5 per share with $5.8 billion. Sentinelone – Cybersecurity stocks pulled back more than 13% after the company issued weak revenue guidance for the first quarter. According to Factset, Sentinelone expects its current quarter revenue to be $228 million at $228 million. However, fourth quarter revenue and revenue were better than expected. Tesla – The electric car maker’s stock slipped 1.3%, turning the course back from some of the profits seen in previous sessions. Stocks are down more than 5% a week. American Eagle Outfitters – Retailers fell 9% after issuing disappointing guidance. According to LSEG, American Eagle Outfitters expects a single-digit mid-digit decline in the first quarter, while analysts expect a 1.3% revenue increase. For the full year, we expect a single-digit decline in sales to fall compared to expectations of 3% growth. However, the fourth quarter revenue beats and revenues in line with estimates were reported. IROBOT – After IROBOT, I slid 5% off 5% that they began reviewing strategic alternatives, such as refinancing the company’s debt and investigating potential sales. Separately, Roomba and other consumer robot manufacturers reported higher-than-expected losses in their fourth quarter revenue results. However, revenues of $172 million exceeded the expected $171 million. Dollar General – Discounted retailer stocks rose 6.9% after fourth quarter revenues beat analyst expectations. Dollar General recorded revenue of $1000 billion per LSEG, exceeding the consensus estimate of $10.26 billion. IREN – A 1% stake has risen after JPMorgan’s upgrade to overweight from Neutral. The company said Bitcoin miners were “over-punished” this year, and are now trading at a good entry point for investors Wells Fargo. According to RBC analysts, Wells Fargo is well suited to take advantage of the lighter regulatory regime in the future, and stock looks attractive after the recent pullback. -CNBC’s Alex Hurling, Jesse Pound, Sarah Minh and Michelle Fox Theobaldo contributed to the report.
