Check out the companies making headlines before the bell. Bumble — Bumble stock soared about 21% after the dating app reported strong fourth-quarter adjusted EBITDA and revenue results. The company’s adjusted EBITDA outlook for the first quarter also exceeded analyst consensus estimates, according to FactSet. Netskope — The security and networking company’s stock fell 17% on weak guidance. NetScope expects an adjusted first-quarter loss of 6 cents to 7 cents a share, compared with the 6 cents a share expected by analysts surveyed by FactSet. The company also expects its full-year loss to be larger than analysts expected. Private Credit Stocks – Blue Owl Capital fell 3.1%, Blackstone and Apollo Global each fell 2%. The decline came after Morgan Stanley and Cliffwater placed caps on withdrawals from their multibillion-dollar private credit funds in a bid to stem a continued flight by investors from the asset class, which has recently been volatile. Hims & Hers Health – Shares rose more than 5% after Eli Lilly issued a notice regarding impurities in a compounded version of its weight loss drug, warning of health risks associated with the drug. Shares of Firefly Aerospace rose about 12% late Wednesday after the company announced the successful launch of Alpha Flight 7. Petco Health and Wellness Company – The pet products and services company saw its stock rise 12% after the company announced better-than-expected guidance for the current quarter and current year. Petco expects first-quarter adjusted EBITDA to be between $92 million and $94 million. By comparison, the FactSet consensus is $91.1 million. Atlassian – Shares rose nearly 2% after the software company announced it would cut 10% of its workforce, or about 1,600 people, to restructure its operations and focus on artificial intelligence. The company plans to complete its layoffs by the end of June, according to a new filing with federal regulators. Dick’s Sporting Goods — Shares rose 3% after the company reported fourth-quarter results that beat analysts’ expectations. The company had adjusted earnings per share of $6.23 billion and profit of $3.45. Analyst estimates compiled by LSEG were for earnings of $2.87 per share and revenue of $6.07 billion. Dollar General – Shares fell about 5% after the discount retailer reported underwhelming full-year guidance. Dollar General expects per-share earnings to range from $7.10 to $7.35, compared with analyst estimates compiled by FactSet of about $7.25. The company also expects same-store sales to increase 2.2% to 2.7%. UiPath — UiPath stock fell 8% after the company’s first-quarter outlook failed to impress Wall Street. UiPath is looking for adjusted operating income of about $80 million, roughly in line with the FactSet consensus of $80.5 million. — CNBC’s Fred Imbert contributed reporting.
