Tesla, Pfizer, Dell, Marvell, Ulta, Samsara, UiPath, Elastic, and More Market Movers

These stocks were poised to make moves Friday: 

Tesla
 handed over the initial batch of Cybertrucks to buyers on Thursday. The base model of what CEO Elon Musk called “potentially our best product ever” costs $60,990, pricier than expectations. The driving range on one charge for the base model is 250 miles. Higher-end models have a driving range of up to 340 miles. Investors had been hoping the highest-range version of the Cybertruck might go 500 miles on one charge. Shares of
Tesla
declined 2.4%.

Pfizer
was down 3.5% after saying it wouldn’t be moving forward with a Phase 3 trial of its weight-loss candidate, twice-daily danuglipron, as high rates of the most common adverse affects, including nausea and vomiting, were observed.

Dell Technologies,
the personal-computer maker, reported adjusted third-quarter earnings that beat forecasts but lower-than-expected revenue on weak demand. Dell said revenue in its client solutions group—mostly PCs—was $12.3 billion, down 11% from a year earlier, and below the Wall Street consensus forecast of $12.9 billion. Dell said it expects a rebound in revenue growth “given the tailwinds to our business.” Shares fell 5.3%.

Third-quarter adjusted earnings at
Marvell Technology
topped expectations and the chip company said data-center revenue declined 11% to $556 million but beat forecasts of $525 million.
Marvell
said it expects revenue in the fourth quarter of $1.42 billion, plus or minus 5%, compared with $1.419 billion a year earlier. Analysts have been expecting revenue of $1.46 billion. Shares fell 4.8%.

Ulta Beauty,
the beauty company, reported better-than-expected third-quarter earnings, sales, and same-store sales. Ulta raised the lower end of its sales and profit outlook for the fiscal year. Ulta shares jumped 12%.

Samsara
posted better-than-expected revenue and profit for the fiscal third quarter, and issued guidance for the fourth quarter that beat expectations. Shares of the asset-tracking software provider surged 13%.

UiPath,
the automation-software company, reported fiscal third-quarter adjusted profit and revenue that beat analysts’ expectations. Annual recurring revenue in the period rose 24% to $1.38 billion, topping the company’s forecast range of $1.359 billion to $1.364 billion. The stock was up 14%.

Elastic
jumped 18% after the data analytics company reported fiscal second-quarter adjusted earnings and sales that beat Wall Street estimates. Elastic expects revenue in its third quarter of about $320 million, just ahead of analysts’ forecasts.

U.S.-listed shares of
Alibaba Group
were down 1.7% to $73.63 after the Chinese e-commerce company was downgraded to Equal Weight from Overweight by Morgan Stanley and the price target was reduced to $90 from $110.

Write to Joe Woelfel at joseph.woelfel@barrons.com