Dell, HP, and CrowdStrike Stocks Drop Following Mixed Earnings Reports

Major tech companies see pre-market declines as revenue shortfalls and cautious forecasts weigh on investor sentiment.

Dell Technologies shares fell over 13% in pre-market trading after reporting third-quarter revenue of $24.37 billion, which missed analyst expectations despite beating earnings estimates.
HP Inc. stock dropped nearly 9% as its earnings forecast for the first quarter of fiscal 2025 fell below analyst projections, despite fourth-quarter sales exceeding expectations.
CrowdStrike stock declined 5.5% after reporting an unexpected third-quarter loss attributed to increased expenses, though revenue grew by 29% year-over-year.
The broader stock market showed little movement ahead of the Thanksgiving holiday, with investors awaiting key economic data, including the PCE inflation report and updated GDP figures.
Other notable pre-market declines included 3D Systems, which fell 15% after issuing lower-than-expected revenue guidance, and Workday, which dropped 10% following a revision of its FY25 subscription revenue outlook.