Key Stock Movements: Dell, Block, and Other Companies to Watch

Vicki Robin

Co-author of "Your Money or Your Life," a classic on financial independence and mindful spending.

This Friday morning, with U.S. stock futures signaling a decline, market participants are keenly observing several key companies. Dell Technologies recently disclosed strong financial outcomes for its fourth quarter and provided an optimistic forecast for fiscal year 2027, prompting a notable increase in its stock value. In contrast, Block Inc. met its fourth-quarter earnings projections but simultaneously announced substantial job cuts, which also led to a significant surge in its share price. Zscaler Inc. exceeded earnings estimates for its second quarter but revised its sales guidance for fiscal year 2026 downwards, causing its stock to fall. Additionally, Carter's Inc. and Global Partners LP are poised to release their latest quarterly financial reports, with analysts closely tracking their anticipated earnings per share and revenue figures.

Dell Technologies (NYSE: DELL) recently unveiled its financial performance for the fourth quarter, surpassing market expectations. The company reported earnings of $3.89 per share, exceeding the consensus estimate of $3.53. Revenue for the quarter reached $33.38 billion, outperforming the Street's estimate of $31.73 billion and marking a substantial increase from $23.93 billion recorded in the same period last year. Following this positive announcement, Dell's shares climbed by 11.6% to $135.50 in after-hours trading.

Block Inc. (NYSE: XYZ) also announced its fourth-quarter earnings, which aligned with analyst projections. The company reported earnings of 65 cents per share, consistent with estimates from Benzinga Pro. Alongside its earnings report, Block revealed plans for a significant reduction in its workforce, intending to cut over 40% of its employees. Despite the news of layoffs, Block's shares saw a notable increase of 23.5%, reaching $67.36 in the after-hours trading session.

Zscaler Inc. (NASDAQ: ZS) presented its second-quarter financial results, which exceeded analyst expectations for earnings. The company reported earnings of $1.01 per share, surpassing the consensus estimate of 90 cents. However, Zscaler also revised its sales guidance for fiscal year 2026 downwards, a move that led to a 9.5% decline in its stock, bringing it to $151.50 in after-hours trading.

Looking ahead, Carter's Inc. (NYSE: CRI) is expected to announce its quarterly earnings, with analysts forecasting $1.71 per share on revenue of $922.19 million. Carter's shares saw a slight increase of 0.4% to $42.07 in after-hours trading. Similarly, Global Partners LP (NYSE: GLP) is anticipated to report quarterly earnings of $2.27 per share on revenue of $2.32 billion. Global Partners' shares closed at $48.37 on Thursday, up 0.7%.

In summary, the market is bracing for a dynamic trading day, with a mix of impressive financial results, strategic corporate announcements, and revised forecasts from leading companies. Investors will closely monitor these developments, particularly the interplay between strong earnings reports, such as Dell's, and the implications of significant corporate actions, like Block's workforce reduction, as well as the impact of revised guidance from Zscaler. These events underscore the current volatility and complexity of the stock market environment.

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