Check out the companies making headlines in pre-market trading. Dell Technologies — Shares of the personal computer and technology company fell more than 16% after executives warned of further declines in profitability. The company reported earnings for the first quarter, but forecast its gross margin to decline by about 150 basis points in 2025. Lionsgate Studios shares soared 11% after Citi initiated a purchase of the film studio. Analyst Jason Bazinet said the company’s decision to spin off the Starz segment could help Lionsgate increase earnings even further in the future. Zscaler — Cloud security shares rose more than 16% after Zscaler beat analysts’ earnings and revenue expectations for its fiscal third quarter. The company reported adjusted earnings of 88 cents per share on revenue of $553 million, according to LSEG, while analysts expected earnings per share of 66 cents on revenue of $536 million. Nordstrom – Department store shares fell 5% pre-open after the report of a larger-than-expected loss in the first quarter. Nordstrom stuck to its full-year earnings forecast and reported strong growth in its Nordstrom Racks segment, which outperformed leading brand stores. Gap — Shares rose more than 25% after the apparel company raised its full-year operating profit forecast following first-quarter earnings growth. Gap executives now expect operating profit to rise about 40% from its previous estimate, which called for expansion in the low-to-mid teen segment. Ambarella — Shares of the chip maker rose 18% after it told investors it expects earnings growth to continue in fiscal 2025 thanks to robust demand for artificial intelligence. Ambarella reported smaller-than-expected losses and revenue in the first quarter. Ulta Beauty — Shares of the beauty retailer rose nearly 9% after its CEO outlined five key areas where he plans to take action to improve sales. Ulta on Thursday reported fiscal first-quarter earnings that reflected same-store sales growth of 1.6% year over year, a significant slowdown from the same period a year earlier. Marvell Technologies — Shares of the semiconductor sector fell about 2% after the company issued its second-quarter revenue guidance, but its adjusted earnings per share forecast fell far short of estimates. MongoDB — Shares of the technology company fell 23% after its second-quarter guidance came in below expectations. MongoDB said it expects to earn 46 cents to 49 cents per share on revenue of $460 million to $464 million. Analysts polled by LSEG had forecast revenue of $470 million and earnings of 58 cents per share. SentinelOne – Shares of the cybersecurity company fell more than 13% after reporting softer-than-expected full-year earnings guidance. The company now estimates revenue in the range of $808 million to $815 million, while analysts surveyed by LSEG forecast $817 million. VF Corp — Shares of the company behind brands such as North Face jumped more than 7% after the announcement that that Michelle “Sun” Chow will take on the role of global president of the Vans brand starting in late July. Chow previously served as chief product officer for Lululemon. NetApp — Shares of the data storage company rose more than 2% after its revenue and earnings beat Wall Street’s fourth-quarter forecasts and also issued a strong earnings forecast. NetApp expects adjusted earnings per share of $1.80 on revenue of $1.67 billion. — CNBC’s Lisa Kailai Khan, Pia Singh and Jesse Pound contributed reporting.
