Before you call, check out the companies that are making headlines. New York Community Bancorp — Shares fell more than 20% after the regional bank said late Thursday it had discovered problems with its “internal controls.” NYCB also announced a change in CEO, effective immediately. Goodrx — Shares rose 5.4% after JPMorgan raised its weight on the digital health platform from neutral to overweight, saying concerns about changes to pharmacy reimbursement models are overblown. GoodRx’s 2024 forecast is a positive inflection point and proof of reliability, the company added. Dell – The company’s shares rose 26% in premarket trading after the computer maker reported fourth-quarter earnings of $2.20 per share, excluding items, on revenue of $22.32 billion, beating analysts’ earnings expectations for the quarter. $1.73 per share on revenue of $22.16 billion, according to Dell. LSEG. Hewlett Packard Enterprise — Shares of the information technology company fell 4.4% after a mixed earnings report for the first fiscal quarter. The company beat analysts’ earnings per share expectations by 3 cents, according to LSEG. However, Hewlett Packard’s revenue was $6.76 billion compared to Wall Street’s forecast of $7.11 billion. The firm also gave a weaker forecast for the current quarter. Plug Power shares fell more than 5% after disappointing results. But the hydrogen fuel cell company said it has enough cash to continue operating despite a wider-than-expected loss of $2.30 per share in 2023. operating enterprise. Daimler Truck – Shares in Daimler Truck, one of the world’s largest commercial vehicle makers, rose more than 17.5% to an all-time high after the company reported record full-year profits and announced a €2 billion share buyback ( US$2.16 billion). program. Autodesk — Shares jumped 8% after the software company posted its best quarterly results. Autodesk reported fourth-quarter adjusted earnings of $2.09 per share on revenue of $1.47 billion. Analysts surveyed by LSEG expected earnings per share of $1.95 on revenue of $1.43 billion. Advanced Micro Devices – The stock extended gains on investors’ frenzy over artificial intelligence, rising 3.3% after the chipmaker’s valuation topped $300 billion on Thursday. Root – Shares jumped more than 10% after Jefferies upgraded the insurer’s rating to neutral. . The firm said it sees opportunities for significant growth for Root. Jeffries also raised his price target to $40 from $30, implying nearly 25% upside. — CNBC’s Alex Harring, Samantha Subin, Jesse Pound, Tanaya Machil, Sarah Min and Michelle Fox contributed reporting.
Michael Dell, chairman and CEO of Dell Technologies, speaks in front of the Dell logo during the keynote “New Strategies for a New Era” at Mobile World Congress in Barcelona, Spain, February 27, 2024.
Joan Cros | Nurphoto | Getty Images
Before you call, check out the companies that are making headlines.