Affirm, Dell, Workday, Ulta, and More Stock Market Movers Friday

Affirm falls in premarket trading Friday.


Gabby Jones/Bloomberg

Stock futures were lower Friday ahead of Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole economic conference.

Futures for the


Dow Jones Industrial Average

were down 0.3% and


S&P 500

futures fell 0.4%. Futures for the


Nasdaq Composite

were 0.5% lower.

Here are some of the stocks making notable moves in premarket trading Friday.



Affirm Holdings

(AFRM) fell 13% early Friday after the Buy Now Pay Later company reported a wider-than-expected loss for its fiscal fourth quarter and issued disappointing guidance for fiscal 2023.



Dell Technologies

(DELL) was down 5.4% after the computer maker noted there were signs consumers are becoming more cautious during a period of economic uncertainty. The company cut its full-year-outlook.



Workday

(WDAY) jumped 11% after the provider of enterprise human-resources and financial software posted earnings and revenue above Wall Street estimates for its second quarter and maintained its full-year outlook.



Ulta Beauty

(ULTA) was 3.6% higher after the beauty retailer reported both earnings and revenue for its second quarter that beat Wall Street expectations and lifted its earnings outlook for the full year.



Marvell Technology

(MRVL) provided third-quarter revenue and earnings guidance that disappointed investors. The datacenter semiconductor maker was down 3.7% early Friday.



Gap

(GPS) surprised by posting earnings when analysts expected a loss. The company also reported higher-than-expected revenue than Wall Street expected for its second quarter. The clothing retailer climbed 5.9% Friday.



Farfetch

(FTCH) was 14% higher after the technology platform for the luxury fashion industry reported earnings and revenue for its second quarter that were above analysts’ estimates. Earlier this week,



Farfetch

said it was buying a large stake in the Italian online retailer Yoox Net-a-Porter from 



Compagnie Financière Richemont

(CFR).



First Solar

(FSLR) climbed 2.3% after an analyst from Bank of America upgraded his rating of the solar stock to Buy from Neutral and increased the price target to $141 from $104.50.



Seagen

(SGEN) shares fell 10% after a report from Bloomberg late Thursday said that



Merck
’s

(MRK) talks to acquire the biotechnology company have stalled over price.

Write to Angela Palumbo at angela.palumbo@dowjones.com

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