Check out the companies that make headlines before the bell.
marvel technology — Marvell Technology jumped 17% in pre-market trading after hitting highs and lows in the first quarter. Marvel’s adjusted earnings per share came in at 31 cents, beating expectations of 29 cents, according to Refinitiv. Revenue was reported at $1.32 billion, but analysts polled by Refinitiv had expected $1.3 billion. Sales growth is expected to accelerate in the second half.
gap — The apparel retailer’s shares rose more than 11% before the market on Thursday despite the company posting a net loss and declining sales in its most recent quarter. That’s because investors welcomed a significant improvement in Gap’s profit margins due to reduced promotions and lower airfares.
working day — Workday beat first-quarter revenue and bottom line expectations, up 9%. The financial management software company also appointed a new chief financial officer, Zane Lowe, and raised the floor on its full-year subscription revenue outlook.
Autodesk — Autodesk is up 1% in pre-market trading. The software company reported first quarter results in line with analyst expectations. Although the outlook for the second quarter was weaker than expected, the outlook for the full year was broadly in line.
deckers outdoor — Deckers Outdoor fell 2% in premarket trading. According to Refinitiv, the lifestyle footwear company reported fourth-quarter earnings that beat analyst expectations. However, full-year earnings and sales guidance were lower than expected.
RH — The company’s shares fell more than 3% in pre-market trading, even though RH beat expectations for the first quarter of the fiscal year in its report Thursday evening. The company reported adjusted earnings of $2.21 per share on revenue of $739 million. Analysts surveyed by Refinitiv had expected earnings of $2.09 per share on revenue of $727 million. But RH’s second-quarter earnings outlook has been weaker than expected, and the company has warned of further price cuts.
Ulta Beauty — Ulta Beauty is down 9% in pre-market trading despite the beauty retailer posting strong revenues and earnings in the first quarter. It slightly raised its full-year earnings guidance and reaffirmed its earnings-per-share guidance. However, comparable sales growth was slightly below expectations.
— CNBC’s Tanaya Macheel and Jesse Pound contributed to the report
