Dell Technologies, Genesco And 3 Stocks To Watch Heading Into Friday
Portfolio Pulse from Lisa Levin
Genesco Inc. is expected to report earnings before the opening bell, while Dell Technologies reported mixed Q3 results with higher earnings but missed sales estimates. PagerDuty posted strong Q3 results and raised FY24 guidance. Ulta Beauty announced positive Q3 sales and increased full-year projections, with news of CFO retirement in 2024. UiPath also reported strong Q3 financials. Dell, Genesco, and PagerDuty stocks moved post-market, while Ulta Beauty and UiPath saw significant after-hours gains.
December 01, 2023 | 8:44 am
News sentiment analysis
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NEGATIVE IMPACT
Dell Technologies reported higher earnings but missed on sales for Q3, causing a 4% drop in after-hours trading.
Dell's stock fell due to the sales miss in Q3, which could continue to impact the stock negatively in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 90
NEUTRAL IMPACT
Genesco Inc. is anticipated to report quarterly earnings, which could influence its stock depending on the results.
Investors are awaiting Genesco's earnings report, which will likely cause stock volatility based on the outcome relative to expectations.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
UiPath reported strong Q3 financial results, causing its stock to climb 11.6% in after-hours trading.
UiPath's positive earnings report has led to a substantial stock increase, which may continue as the market responds to the strong results.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 80
POSITIVE IMPACT
PagerDuty reported better-than-expected Q3 results and raised FY24 guidance, leading to a 5.5% increase in after-hours trading.
PagerDuty's positive earnings and raised guidance are likely to result in continued investor optimism and potential stock appreciation.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 80
POSITIVE IMPACT
Ulta Beauty reported strong Q3 sales, increased full-year projections, and announced the retirement of CFO Scott Settersten in 2024, with shares up 11.8% after-hours.
Ulta Beauty's positive sales results and improved projections, along with the CFO retirement news, have led to a significant stock price increase.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 85