Check out the companies making headlines before the bell. Bowlero – Shares gained more than 12% after the bowling alley chain’s revenue for the fiscal fourth quarter revenue topped Wall Street’s expectations. Revenue for the period came in at $283.9 million. According to FactSet, analysts had expected $273.4 million. The higher end of the company’s revenue outlook for fiscal 2025 was also above estimates. UiPath – The stock rose more than 8% following the software company’s better-than-expected second-quarter results. UiPath posted adjusted earnings of 4 cents per share on $316 million in revenue. Analysts surveyed by LSEG estimated 3 cents per share and revenue of $304 million. The company also raised its full-year forecast and expanded its stock repurchase program. Broadcom – Shares of the chipmaker fell 7% after the company’s revenue guidance for the current quarter was less than expected . Broadcom projected $14 billion of revenue for its fiscal fourth quarter, slightly below the $14.04 billion estimated by analysts, according to LSEG. Broadcom did beat third-quarter estimates on the top and bottom lines. Smartsheet – Shares moved more than 4% higher after the work management software company’s second-quarter earnings beat estimates. Smartsheet posted adjusted earnings of 44 cents per share on revenue of $276.4 million. Analysts had expected 29 cents per share and $274.2 million in revenue, per FactSet. On Thursday, Reuters reported , citing people familiar, that Vista and Blackstone are in talks to buy Smartsheet. Super Micro Computer – The artificial intelligence server producer’s stock slipped 2.5% following a downgrade by JPMorgan to neutral from overweight. The bank, which also drastically cut its price target by $450 to $500, said there is no rationale to buy shares while uncertainty exists around regaining compliance. Guidewire Software – Shares jumped more than 7% after the company surpassed the Street’s expectations. Guidewire earned 62 cents per share, excluding items, and revenue of $291.5 million. Analysts polled by FactSet had estimated 54 cents per share on $283.8 million in revenue. Samsara – The stock popped more than 5% after the software company’s full-year forecast beat expectations. Samsara estimated adjusted earnings of between 16 cents and 18 cents per share and revenue of $1.224 billion to $1.228 billion. That’s above the consensus estimate of 13 cents per share on revenue of $1.21 billion, per LSEG. — CNBC’s Jesse Pound, Sarah Min and Michelle Fox Theobald contributed reporting.
https://www.cnbc.com/2024/09/06/stocks-making-the-biggest-moves-premarket-bowl-path-avgo-and-more.html
