Dell, DJT, Zscaler, MongoDB, Gap, Ambarella, Costco, SentinelOne and other market disruptors

Dell Technologies reported better-than-expected first-quarter revenue, boosted by both strong demand for AI-based servers and an improvement in the commercial PC industry. However, shares fell 15% in pre-market trading after the company discussed increasing pressure on margins. – said Chief Financial Officer Yvonne McGill Barron’s the company expects some margin pressure in the current quarter from both intensifying enterprise competition from large enterprise customers and the inflationary cost environment, including higher NAND and DRAM prices.

Trump’s Media and Technology Task Force
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operator of Donald Trump’s social media company Truth Social, fell 5.4% after the former president was found guilty of all 34 counts of falsifying business records in a hush money trial.

Cybersecurity firm Zscaler reported better-than-expected first-quarter revenue of $553.2 million, up from $482.3 million a year earlier, and calculated billings that rose 30% to $628 million, beating calls for the amount of USD 584 million. Adjusted earnings for the period were 88 cents per share, better than analysts’ expectations of 66 cents. Zscaler
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the forecast for the fourth quarter was also higher than estimates. Shares soared 17%.

MongoDB fell 25% after the data services provider issued disappointing guidance for the second quarter and fiscal year. CEO Dev Ittycheria said the company’s start to the year was slower than expected, both due to new customer acquisition and consumption growth, which he said will have an “impact going forward in fiscal 2025.”

Marvell Technology reported first-quarter revenue of $1.16 billion, down 12% from a year earlier but better than estimates of $1.15 billion. The chipmaker’s revenue was boosted by stronger-than-expected demand for artificial intelligence. Adjusted earnings for the period were 24 cents per share, which was in line with Wall Street expectations. Marvell expects current second-quarter revenue of $1.25 billion, plus or minus 5%. Analysts expected $1.22 billion. Shares fell 4.9%.

Gap rose 23% after the retailer’s first-quarter earnings of 41 cents a share topped estimates of 14 cents, revenue rose 3% to $3.4 billion and same-store sales rose 3%. which is a noticeable improvement compared to the previous year’s decline of 4% and better than analyst forecasts, which means an increase of 1.1%. Gap also raised its outlook for the fiscal year ending in February.

Ulta Beauty rose 7.1% even after the beauty retailer lowered its fiscal year guidance. The company lowered its sales outlook to $11.5 billion to $11.6 billion, down from previously issued guidance of $11.7 billion to $11.8 billion. “I remain confident in our differentiated model, the resilience of the beauty category and our ability to execute on our plans, however, we have adjusted our annual guidance in the expectation that the momentum we experienced in the first quarter will continue for the balance of the year,” the executive said General Dave Kimbell.

Nordstrom reported a wider-than-expected first-quarter loss, and the retailer’s shares fell 7.4%. Sales for the period of $3.34 billion increased from $3.18 billion a year earlier and beat estimates of $3.19 billion.

Costco Wholesale’s fiscal third-quarter earnings exceeded expectations, and same-store sales for the quarter increased 6.6%. Comparable e-commerce sales increased 21%. Costco Stock

they fell by 1.7% in quotations before the opening of the session.

Ambarella’s first-quarter revenue fell 12% from a year earlier, but the company’s shares rose 18% after CEO Fermi Wang said the chip company “sees early signs of the spread of AI inference at the edge and the scope our relationships with customers” is consistent with this, which should form the basis for many revenue-increasing applications.”

SentinelOne fell 14% after the cybersecurity company lowered its fiscal year revenue forecast to a range of $808 million to $815 million from its previous forecast of $812 million to $818 million.

PagerDuty posted mixed first-quarter results, although billings were better than expected. said the software company’s chief financial officer, Howard Wilson Barron’s in an interview that annual recurring revenue stabilized at 10% this quarter. Pager Duty

continues to expect some moderate acceleration from this action in the second half of the financial year. Shares rose 11%.

Write to Joe Woelfel at [email protected]