Check out the companies making headlines before the bell: Intel — The stock jumped 10% after the company said it had appointed Lip-Bu Tan , who was previously the chief executive of software company Cadence Design Systems, as its new CEO. Tan is replacing interim co-CEOs David Zinsner and MJ Holthaus. UiPath — Shares fell 18% following the software company’s fourth-quarter revenue and first-quarter sales guidance missing Wall Street estimates. For the fourth quarter, UiPath posted revenue of $424 million, below the $425 million that analysts surveyed by LSEG were expecting. The company also expects revenue for the current quarter to come in between $330 million and $335 million, while analysts were looking for $368 million. Adobe — Shares dropped 6% on the heels of Adobe issuing lackluster fiscal second-quarter guidance. The company sees earnings of $4.95 per share to $5 per share on revenue of $5.77 billion to $5.82 billion during the period. Analysts had penciled in earnings of $5 per share on $5.8 billion in revenue. SentinelOne — The cybersecurity stock pulled back more than 13% after the company issued weak first-quarter revenue guidance. SentinelOne anticipates revenue for the current quarter to come in at $228 million, lower than the $235 million analysts were expecting, according to FactSet. Fourth-quarter earnings and revenue came in better than expected, however. Tesla — Shares of the electric vehicle maker slid 1.3%, reversing course from some of the gains seen in the previous sessions. The stock is down more than 5% on the week. American Eagle Outfitters — The retailer fell 9% after issuing disappointing guidance . American Eagle Outfitters anticipates a mid-single-digit drop in sales for its first quarter, while analysts expected a 1.3% revenue increase, according to LSEG. For the full year, it expects a low-single-digit decline in sales, versus expectations of 3% growth. However, it reported an earnings beat for the fourth quarter, and revenue in line with estimates. iRobot — Shares slid 5% after iRobot said it has started a review of strategic alternatives including refinancing the company’s debt, as well as exploring a potential sale. Separately, the maker of the Roomba and other consumer robots reported a wider-than-expected loss in its fourth-quarter earnings results, an adjusted loss of $2.06 per share compared to the FactSet consensus estimate of a $1.73 loss. However, revenue of $172 million topped the expected $171 million. Dollar General — The discount retailer’s stock climbed 6.9% after its fourth-quarter revenue beat analysts’ expectations. Dollar General posted revenue of $10.30 billion, above the consensus estimate of $10.26 billion, per LSEG. Iren — Shares gained around 1% on the back of an upgrade to overweight from neutral by JPMorgan. The firm said the bitcoin miner has been “overly punished” this year and now trades at a good entry point for investors Wells Fargo — The bank stock rose slightly after an upgrade to outperform from sector perform at RBC Capital Markets. Wells Fargo is well positioned to take advantage of a lighter regulatory regime going forward, and the stock looks attractive after a recent pullback, according to an RBC analyst. — CNBC’s Alex Harring, Jesse Pound, Sarah Min and Michelle Fox Theobald contributed reporting.
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Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
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