Dell, Peloton, Workday and more

Check out the companies that are owners in the noon trade.

Platoon: Cycle maker shares fell more than 7% after a disappointing quarterly report. The company reported revenue growth in its fourth fiscal quarter that slowed sharply, while recording a larger-than-expected loss as the costs of removing the treadmill increased. Peloton also offered a disappointing revenue outlook for its first quarter.

Dell Technologies: The company’s shares fell 4.4%, despite its better-than-expected quarterly results. Dell reported adjusted quarterly earnings of $ 2.24 per share, 21 cents above estimates, and revenue also exceeded analysts ’projections.

HP: The shares of the technology hardware company fell 1.7% after the technology company’s quarterly revenue lost expectations. Morgan Stanley also downgraded HP to an overweight. The firm said in a note to customers that the short-term outlook for HP products could slow stocks.

Gap: Gap shares added 3.5% after outperforming gains. The clothing retailer reported adjusted quarterly earnings of 70 cents per share on revenue of $ 4.21 million. According to Refinitiv, analysts expected earnings of 46 cents per share on revenue of $ 4.135 billion.

Workday: Workday shares soared 9.5% after the software company surpassed the top and bottom lines of its quarterly results. Workday reported earnings of $ 1.23 per share on revenue of $ 1.26 billion. Wall Street was expecting revenue of 78 cents per share on revenue of $ 1.24 billion, according to Refinitiv.

Big Lots: Big Lots shares fell 3.8% after the discount retailer failed to exceed Wall Street estimates for its last quarter. Big Lots reported earnings of $ 1.09 per share, 3 cents more than consensus analysts ’expectations, according to Refinitiv. The company also lost revenue estimates. Comparable Big Lots sales in stores fell 13.2% higher than expected.

Hibbett: Hibbett’s shares plunged more than 10%, even after the sportswear retailer reported better-than-expected quarterly earnings and earnings. Hibbett earned $ 2.86 per share, almost double the $ 1.44 Refinitive consensus estimate. The company also increased its forecast for the full year.

Marvel Technology: Marvel Technology shares fell above 3% despite the slump in earnings. The company reported adjusted earnings of 34 cents per share, while analysts projected earnings of 31 cents per share, according to Refinitiv. Marvell Technology’s second-quarter revenue matched Wall Street estimates.

Ollie’s Bargain Outlet: Ollie’s shares plunged more than 6% after quarterly results that did not meet expectations. Ollie reported adjusted quarterly earnings of 52 cents per share on revenue of $ 416 million. Analysts had expected earnings of 55 cents per share of $ 436 million, according to Refinitiv.

VMWare: VMWare shares fell about 8.5%, even after the software company’s quarterly earnings report exceeded estimates for the top and bottom lines. The company reported adjusted quarterly earnings of $ 1.75 per share, surpassing the consensus estimate of $ 1.64, while revenue was slightly above Wall Street forecasts. However, business revenue in the cloud was lower than some analysts forecast.

AutoZone, Advance Auto Parts: Shares of AutoZone and Advance Auto Parts were down more than 1% each after Morgan Stanley downgraded shares to equal weight. A “mid-cycle” period should lead to a lower rise for retail stocks, the firm said.

– CNG’s Maggie Fitzgerald, Yun Li and Jesse Pound contributed to the communication