Premarket trading saw notable moves across several sectors. Dell Technologies rose nearly 37% after lifting its full‑year guidance, reporting adjusted earnings of $17.90 per share and projecting revenue between $165 billion and $169 billion. Analysts had expected $13.09 per share on $142.5 billion in revenue. Computer‑related stocks followed higher, with Hewlett Packard Enterprise gaining more than 17% and Super Micro Computer advancing about 10%, while HP rose roughly 7%. American Eagle Outfitters fell about 11% as comparable sales declined 2% in the first quarter, below the 3.1% growth analysts anticipated; its Q2 operating‑income guidance of $45 million to $50 million also fell short of the $65.3 million consensus. Gap’s shares dropped more than 15% after the retailer reduced its annual sales outlook to a 1%‑2% increase, down from a prior 2%‑3% estimate. First‑quarter revenue of $3.50 billion missed the $3.52 billion consensus, though adjusted earnings of 38 cents per share beat the expected 37 cents. In the space sector, a Blue Origin rocket explosion during a ground test sent AST SpaceMobile lower by nearly 15%; EchoStar slipped 4.5% and Rocket Lab fell 5.5%. Okta added almost 8% after reporting quarterly revenue guidance that exceeded expectations and delivering non‑GAAP earnings, revenue, and operating income above consensus. NetApp rose 16.5% following guidance that topped forecasts and a fourth‑quarter earnings and revenue beat. Autodesk slipped 7% as first‑quarter subscription revenue fell short of estimates, though the company beat both top‑line and bottom‑line expectations and projects current‑quarter results above forecasts. Snowflake rose 1.5% in premarket trading after a 36% surge on Thursday driven by strong earnings and an upgrade from HSBC, which raised its rating to “buy” on growing AI demand. Asana gained 2% after announcing full‑year revenue of $856 million to $864 million, surpassing the $854 million consensus, and a current‑quarter outlook of $213 million to $215 million, above the $212 million estimate. MongoDB gained 3.5% after raising its full‑year adjusted earnings, revenue, and operating‑income guidance, with first‑quarter results beating all three metrics. PagerDuty advanced 12.5% following an increase in its full‑year earnings guidance, now projecting $1.27‑$1.32 per share, above prior expectations and the $1.26 consensus. Elastic fell more than 6% after missing earnings expectations for the current quarter, though its fourth‑quarter earnings and revenue exceeded forecasts. SentinelOne plunged 16% after guidance for current‑quarter revenue of $289‑$291 million fell short of the $292 million analyst estimate, and earnings projections also missed expectations.
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