Stock futures pointed to a slightly lower start for Wall Street on Friday ahead of the release of the U.S. jobs report for November. Economists expect the U.S. to have 207,500 jobs last month.
These stocks looked poised to make moves Friday:
SoundHound AI Inc shares soared 16% premarket after the Santa Clara, Calif.-based company also announced a new deal with Torchy's Tacos today, which are rolling out SoundHound's voice AI Smart Ordering product at its 130 restaurant locations. BigBear.ai soared 16% in premarket.
Hewlett Packard Enterprise reported fiscal fourth-quarter adjusted earnings of 58 cents a share, beating analysts' estimates of 56 cents, and revenue rose 15% to $8.46 billion and also beat estimates. Server revenue in the period was $4.71 billion, up 32% from a year earlier. The company's first-quarter earnings guidance met analysts' forecasts. Shares of the information technology hardware and services company rose 1%.
Shares of Lululemon Athletica were up 8% in premarket trading after third-quarter earnings and revenue beat Wall Street estimates. Revenue rose 2% in the Americas while international sales jumped 25%. Same-store sales in the Americas declined 2%. The yoga-pants maker raised its fiscal-year outlook and said it was "pleased" with the start to its holiday season. Lululemon said it expects fiscal-year revenue of between $10.45 billion to $10.49 billion, ahead of previous expectations of $10.38 billion to $10.48 billion. Earnings were forecast at $14.08 to $14.16 a share, compared with previous guidance of $13.95 to $14.15.
Samsara, Inc., the internet-of-things technology company, was falling 10% after third-quarter earnings and revenue topped Wall Street forecasts but its fourth-quarter revenue forecast disappointed. Samsara said it sees revenue of $334 million to $336 million in the fourth quarter compared with estimates of $335.8 million.
ulta beauty's third-quarter earnings and sales beat estimates and the cosmetics company slightly raised its fiscal-year forecast, saying it expects sales of $11.1 billion to $11.2 billion, compared with prior guidance of $11 billion to $11.2 billion. CEO Dave Kimbell said the company's better-than-expected profit and sales reflected "improved sales trends and strong financial discipline." The stock was up 11%.
Third-quarter adjusted earnings of 90 cents a share at Docusign beat analysts' estimates of 87 cents as revenue rose 8% to $754.8 million and also topped forecasts. Subscription revenue at the e-signature company rose 8% from a year earlier and billings increased 9%. DocuSign company raised its fiscal-year revenue outlook to $2.96 billion, up from previous guidance of between $2.94 billion and $2.95 billion. The stock jumped 15%.
Smith And Wesson Brands Inc fell 16% after the firearms maker posted second-quarter adjusted earnings and revenue that missed analysts' estimates and said it was reducing its expectations for the second half of fiscal 2025 based "on the softer demand trends we have seen across the industry in recent months."
GitLab, Inc. posted third-quarter adjusted earnings that were better than expected and the software and development platform boosted its fiscal-year guidance. The company also said co-founder Sid Sijbrandij was stepping down as CEO to focus on his treatment for cancer. Bill Staples, former chief executive of New Relic, was named his successor. Shares rose 8%.
Automation-software company UiPath was down 6% after reporting third-quarter adjusted earnings and revenue that were better than expected but issuing fourth-quarter revenue guidance of $422 million to $427 million, compared with analysts' expectations of $424 million.
Rubrik Inc. , the data-security software company, reported an adjusted third-quarter loss that was narrower than expected as revenue rose 43% to $236.2 million, beating analysts' expectations of $217.5 million. Rubrik reported a jump of 55% in subscription revenue to $221.5 million. It also boosted its fiscal-year forecast, saying it anticipates revenue between $860 million and $862 million, up from a prior outlook of between $830 million and $838 million. The stock jumped 23%.
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