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Check out the companies making headlines before the bell:
Dell Technologies
— Dell Technologies surged 10.5% after exceeding analysts’ second-quarter expectations. The computer company announced adjusted earnings per share ($1.74) and revenue of $22.93billion. Refinitiv polled analysts who predicted earnings per share at $1.14, and revenue of $20.85 billion. Morgan Stanley named Dell a top pick in IT hardware.
MongoDB — MongoDB advanced 5% after topping Wall Street expectations in its latest quarter. The database software maker reported adjusted earnings of $93 per share and revenue of $423.8 for the second quarter. Those results topped expectations of 46 cents in earnings per share and $393 million in revenue, according to a consensus estimate from Refinitiv.
Lululemon Athletica — Shares added 2.3% in premarket trading after the athletic apparel retailer reported an earnings beat. The athletic apparel retailer reported a better-than-expected earnings per share of $2.68. This was higher than the Refinitiv consensus forecast of $2.54. Revenue came in at $2.21 billion versus $2.17 as expected. Lululemon also upped its guidance for the year.
Walgreens Boots Alliance — The drugstore chain rose 0.4% in early trading. Walgreens announced Friday that Roz Brwer has resigned as CEO and left the Board.
Vale — The metals and mining stock rose nearly 2% after JPMorgan upgraded Vale to overweight from neutral, saying shares look too cheap to ignore after a recent pullback and valuation reset.
VMware — The cloud services company slid 1.9% before the bell. VMware reported mixed results for the second quarter on Thursday. The company beat expectations in terms of earnings per share, but missed revenue. The company also said it entered a definitive agreement to be acquired by Broadcom.
Broadcom — Shares of the chipmaker fell 4% despite Broadcom’s fiscal third-quarter results beating expectations. The semiconductor company reported adjusted earnings per share of $10.54 on revenue of $8.88 billion. Refinitiv surveyed analysts who expected $10.42 per share for $8.86 billion in revenue. The $9.27 billion revenue guidance for the fourth quarter was in line with expectations.