Earnings Movers | Dell Rises 4% on Strong AI Server Outlook; Autodesk Jumps 6% on Better-Than-Expected Q3 Results; Urban Outfitters Rally 16%

Dell Stock Rises on Strong AI Server Outlook

Dell reported better-than-expected earnings results. Its shares were rising 4% in after-hours trading after the company raised its AI server guidance.

For the October quarter, the technology company reported earnings per share of $2.59, compared with Wall Street’s consensus estimate of $2.47, according to FactSet. Revenue came in at $27 billion, roughly in line with analysts’ expectations of $27.15 billion.

Guidance was stronger than expected. For the current quarter, Dell forecast a revenue range of $31 billion to $32 billion, above analysts’ expectations of $27.58 billion.

Urban Outfitters Shares Rally as Turnaround at Namesake Stores Pays off

Shares of Urban Outfitters rallied on Tuesday after the clothing retailer’s third-quarter results topped estimates and management said it picked up a bigger share of the apparel market.

Shares of the company were up more than 16% after hours.

Urban Outfitters — which along with its namesake stores owns the women’s clothing chains Anthropologie and Free People — earned $1.28 a share for the third quarter, with $1.53 billion in sales and a retail same-store sales gain of 8%.

Autodesk Projects Quarterly Results Above Estimates

Design software maker Autodesk forecast fourth-quarter revenue and profit above Wall Street estimates on Tuesday, supported by steady subscription renewals and growing demand for its cloud-based design tools.

Shares of the San Francisco-based company rose 5.7% in extended trading after it also topped market expectations for third-quarter results.