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        Today's Pre-Market Stock Movers: MRVL, GPS, WDAY, RH and More

        Movers and Shakers wrote a column · 05/26 20:36
        Gapping up
        $Marvell Technology(MRVL.US)$ +17% ( The company reported a top-and-bottom beat in its first quarter. Marvell posted adjusted earnings of 31 cents per share, topping estimates for 29 cents, according to Refinitiv. It reported $1.32 billion in revenue, while analysts polled by Refinitiv expected $1.3 billion. It expects revenue growth will accelerate in the second half of the fiscal year.)
        $Autodesk(ADSK.US)$ +1% ( The software company reported first-quarter results that were in line with analysts' expectations. It gave second-quarter guidance that was weaker than expected, while its full year outlook was roughly in line. )
        $Gap Inc(GPS.US)$ +11% ( The company posted net losses and declining sales Thursday for its most recent quarter, as investors cheered Gap's big improvement in its margins thanks to reduced promotions and lower air freight expenses.)
        $Workday(WDAY.US)$ +9% ( The company topped first-quarter expectations on the top and bottom lines. The financial management software firm also named a new chief financial officer, Zane Rowe, and raised the low end of its full year subscription revenue guidance. )
        Gapping down
        $Deckers Outdoor(DECK.US)$ -2% ( The lifestyle footwear company reported fourth-quarter results that exceeded analysts' expectations, according to Refinitiv. However, it gave full year earnings and revenue guidance that was lower than expected. )
        $Restoration Hardware(RH.US)$ -3% ( RH beats estimates for its fiscal first quarter in a Thursday evening report. The company reported $2.21 in adjusted earnings per share on $739 million of revenue. Analysts surveyed by Refinitiv were looking for $2.09 in earnings per share on $727 million of revenue. However, RH’s second-quarter revenue guidance was short of expectations, and the company warned of increased markdowns. )
        $Ulta Beauty(ULTA.US)$ -9% ( The beauty retailer posted strong earnings and revenue for the first quarter. It very slightly raised full year revenue guidance, and reaffirmed earnings per share guidance. However, comparable sales grew slightly less than expected.)
        Source: CNBC
        Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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