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Dell, Zscaler, ChargePoint fall premarket; Tesla, Hewlett Packard rise
Dell, Zscaler, ChargePoint fall premarket; Tesla, Hewlett Packard rise By Investing.com
Breaking News
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Stock Markets 3 hours ago (Mar 03, 2023 08:19AM ET)
(C) Reuters.
By Peter Nurse
Investing.com — Stocks in focus in premarket trade on Friday, March 3rd. Please refresh for updates.
Tesla (NASDAQ:TSLA) stock rose 1.8% after data released Friday showed that the electric car manufacturer sold 74,402 China-made electric vehicles in February, up 12.6% from January, and 31.65% higher from a year earlier.
Dell Technologies (NYSE:DELL) stock fell 3.7% after the computer hardware maker offered up a soft FY24 outlook, overshadowing positive fourth quarter numbers and a hiked dividend.
Costco (NASDAQ:COST) stock fell 2.5% after the big box retailer posted disappointing second quarter revenue as consumers are limiting their spending on discretionary items because of the continued high inflation.
Zscaler (NASDAQ:ZS) stock fell 12% after the cloud security computer announced it planned to lay off around 3% of its workforce due to the difficult macroeconomic situation.
ChargePoint (NYSE:CHPT) stock fell 11.6% after the electric vehicle infrastructure maker reported a wider-than-expected quarterly loss, while sales also disappointed.
Marvell (NASDAQ:MRVL) stock fell 10.4% after the semiconductor company posted disappointing guidance for the fiscal first quarter, citing inventory corrections.
Hewlett Packard Enterprise (NYSE:HPE) stock rose 2.8% after the tech company raised its annual outlook after reporting fiscal first quarter revenue that topped estimates.
Procter & Gamble (NYSE:PG) stock rose 1% after JPMorgan upgraded its stance on the consumer goods company to ‘overweight’ from ‘neutral’, saying the company can generate superior earnings during an economic downturn.
C3.ai (NYSE:AI) stock rose 16% after the provider of artificial intelligence software posted better-than-expected quarterly results, with CEO Thomas Siebel seeing a “dramatic change” in sentiment.
Dell, Zscaler, ChargePoint fall premarket; Tesla, Hewlett Packard rise
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