Check out the companies making headlines before the bell. New York Community Bancorp – Shares fell more than 20% after the regional bank revealed Thursday evening that it had found problems with its “internal controls.” NYCB also announced a change in CEO, effective immediately. Goodrx – Shares rose 5.4% after JPMorgan upgraded the digital healthcare platform to overweight from neutral, saying concerns about the changing pharmacy reimbursement model are overblown. GoodRx's 2024 guidance represents a positive inflection point and evidence of credibility, the company added. Dell – Shares rose 26% in premarket trading after the PC maker reported fourth-quarter earnings of $2.20 per share, excluding items, on revenue of $22.32 billion, beating analysts' earnings expectations of $1.73. per share on revenue of $22.16 billion, according to LSEG. Hewlett Packard Enterprise – The IT stock fell 4.4% after a mixed earnings report for its fiscal first quarter. The company beat analysts' earnings per share expectations by 3 cents, according to LSEG. But Hewlett-Packard reported revenue of $6.76 billion, below Wall Street expectations of $7.11 billion. The company also gave weaker guidance for the current quarter. Plug Power – Stock fell more than 5% after disappointing results. But the hydrogen fuel cell company said it has enough cash to continue operating, despite a larger-than-expected loss of $2.30 per share for 2023. In its third-quarter regulatory filing, the company revealed doubts about its ability to continue as a hydrogen fuel cell company. Cares about. Daimler Truck – Shares of Daimler Truck, one of the world's largest commercial vehicle manufacturers, rose more than 17.5% to an all-time high after the company posted record full-year profits and announced a €2 billion ($2.16 billion) share buyback. program. Autodesk – Shares jumped 8% after the software company reported a win in its latest quarterly results. Autodesk reported fourth-quarter adjusted earnings of $2.09 per share on revenue of $1.47 billion. Analysts surveyed by LSEG had expected earnings per share of $1.95 on revenue of $1.43 billion. Advanced Micro Devices – Stocks continued to rise on investor enthusiasm for artificial intelligence, rising 3.3% after the chipmaker's valuation rose to more than $300 billion on Thursday. The Root – Shares jumped more than 10% after Jefferies upgraded the insurer to buy from neutral. The company said it sees a material growth opportunity for Root. Jeffries also increased its price target to $40 from $30, suggesting an upside of about 25%. — CNBC's Alex Haring, Samantha Sobin, Jessie Pound, Tanaya Machel, Sarah Min and Michelle Fox contributed reporting.
Michael Dell, Chairman and CEO of Dell Technologies, speaks in front of the Dell logo during the “New Strategies for a New Era” keynote at the Mobile World Congress in Barcelona, Spain, on February 27, 2024.
Joan Cross | norphoto | Getty Images
Check out the companies making headlines before the bell.
