Stocks making the biggest moves premarket: Dell Technologies, HP, AST SpaceMobile, Gap & more

CNBC Top News ·

Stocks making the biggest moves premarket: Dell Technologies, HP, AST SpaceMobile, Gap & more

Check out the companies making the biggest moves premarket: Dell Technologies — The laptop maker surged almost 37% after raising its full-year guidance . …

Check out the companies making the biggest moves premarket: Dell Technologies — The laptop maker surged almost 37% after raising its full-year guidance . Dell sees $17.90 in adjusted earnings per share, with between $165 billion and $169 billion in revenue. Analysts polled by LSEG sought $13.09 per share on $142.5 billion in revenue. Computer stocks — Shares of other companies involved in computer hardware and services rose, boosted by Dell's earnings. Hewlett Packard Enterprise was up more than 17%. Super Micro Computer rose nearly 10%, while HP was up almost 7%. American Eagle Outfitters — Shares of the teen apparel retailer dropped about 11%. Comparable sales at the company's American Eagle banner fell 2% in the first quarter, while analysts polled by StreetAccount were looking for 3.1% growth. Guidance for the second quarter also disappointed, as the company called for operating income of $45 million to $50 million, versus the FactSet consensus estimate of $65.3 million. Gap — Shares tumbled more than 15% after the clothing retailer cut its sales outlook for the year, now expecting companywide sales to grow between 1% and 2%. It had previously estimated a range of between 2% and 3%. Gap's first-quarter revenue of $3.50 billion also fell short of the $3.52 billion analysts had expected, per LSEG. However, its adjusted earnings of 38 cents per share beat the anticipated 37 cents. …

Original source: CNBC Top News

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