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Ambarella is calling for fourth-quarter revenue of $76 million to $80 million, while analysts polled by LSEG anticipated $69 million. For the current quarter, CrowdStrike expects to earn between 84 cents and 86 cents per share, while the consensus estimate was 86 cents per share, per LSEG. Dell Technologies – The stock tumbled more than 10% on the heels of the company posting weaker-than-expected revenue for the fiscal third quarter. Autodesk is calling for fourth-quarter earnings to range from $2.10 to $2.16 per share, excluding items, on revenue of $1.623 billion to $1.638 billion. Revenue for the third quarter topped analysts' estimates, coming in at $3.46 billion, versus estimates for $3.35 billion, per LSEG.
Persons: LSEG, CrowdStrike, Dell, FactSet, Janesh Moorjani, Nutanix, Nordstrom, , Darla Mercado Organizations: Dell Technologies, HP, Autodesk –, Autodesk, Urban, Urban Outfitters, StreetAccount, Revenue
Check out the companies making headlines in midday trading Wednesday:Citigroup — The stock dropped 2.2% after Citigroup was told it must address weaknesses in its management of financial data by U.S. banking regulators. Manchester United — Shares of football club Manchester United surged 25.8%, their second straight day of double-digit gains, and touched a new 52-week high after the owners said they were exploring strategic alternatives including a potential sale. Tesla – The electric vehicle stock popped 7,8% after Citi upgraded it to neutral from sell, citing a more balanced risk-reward outlook. Autodesk – Shares dipped 5.7% after the company issued a weak financial outlook despite beating top and bottom-line expectations for its most recent quarter. Energy stocks – Big-name oil stocks traded down and made energy the worst performer in the first few hours of trading within the S&P 500.
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