Check out the companies making headlines before the bell. Dell Technologies – Shares fell more than 12% after the PC maker said fourth-quarter revenue and profit are below Wall Street expectations. However, the company commented optimistically on artificial intelligence revenue growth. Workday – Shares fell about 11% after the HR software company released a light fourth-quarter forecast. The company expects $2.025 billion in subscription revenue and an adjusted operating margin of 25%. However, analysts polled by StreetAccount expected $2.04 billion in subscription revenue and a margin of 25.5%. HP — The personal computer manufacturer fell 8% due to disappointing profit expectations. HP said it expects earnings, excluding items, to be between 70 cents per share and 76 cents per share. Analysts consulted by FactSet expected a price of 85 cents per share. Autodesk — The stock fell more than 7% after the software company's fourth-quarter forecast came in below analysts' expectations. Autodesk expects earnings per share to be in the range of $2.10 to $2.16, excluding items, and revenue of $1.623 billion to $1.638 billion. Analysts expected a profit of $2.12 per share on revenue of $1.62 billion, according to LSEG. In addition, Autodesk appointed Janesh Moorjani as Chief Financial Officer, effective December 16. MicroStrategy, Coinbase – Stocks tied to the price of bitcoin rose as the cryptocurrency gained ground on Wednesday after retreating towards $90,000 on Tuesday. Shares of MicroStrategy rose about 6%, while shares of Coinbase rose about 2%. Urban Outfitters – Shares rose nearly 12% after the retailer reported Tuesday that earnings and sales were better than after the market closed. Adjusted earnings were $1.10 per share, above the 86 cents expected by analysts polled by LSEG. Revenue came in at $1.35 billion, compared to the consensus estimate of $1.34 billion. CrowdStrike – Cybersecurity stock fell 4% after cautious guidance from the company. CrowdStrike said it expects fourth-quarter earnings per share of between 84 cents and 86 cents, while analysts surveyed by LSEG had expected 86 cents. CEO George Kurtz said on an analyst call that the company expects an acceleration of net new annual recurring revenue in the second half of 2025, which could be further away than some investors expected. Ambarella – The stock rose about 21% on the semiconductor design company's optimistic fourth-quarter outlook. Ambarella expects revenue of between $76 million and $80 million for the period, above the $69 million expected by analysts surveyed by LSEG. The company's adjusted profit and revenue for the third quarter also exceeded Street expectations. Nutanix – Shares fell 5.5% after Nutanix posted first-quarter results that beat expectations. Adjusted fiscal year profit of 42 cents exceeded the LSEG consensus estimate of 31 cents. Revenue of $591 million exceeded the expected $572 million. – CNBC's Samantha Subin, Jesse Pound, Sarah Min, Pia Singh and Michelle Fox Theobald contributed reporting.
