Stock futures were rising Thursday as Wall Street awaited the release of the core personal-consumption expenditures price index for October, the Federal Reserve’s preferred inflation gauge.

These stocks were poised to make moves Thursday: 

Salesforce,
the provider of cloud-based customer relationship management software, reported fiscal third-quarter adjusted earnings of $2.11 a share on revenue of $8.72 billion. Earnings beat analysts’ estimates while revenue was slightly higher.
Salesforce
said it expects fourth-quarter adjusted profit of between $2.25 and $2.26 a share on revenue of between $9.18 billion and $9.23 billion. Analysts had been forecasting non-GAAP profit of $2.18 a share on revenue of $9.2 billion. The stock rose 9%.

Third-quarter adjusted earnings at
Snowflake
came in better than expected and the software company’s guidance for fiscal fourth-quarter product revenue of $716 million to $721 million topped estimates of $696 million. Shares of the cloud data warehouse software company jumped 9.6%.

Pure Storage
was down 15% after the provider of flash-memory based enterprise storage products issued disappointing revenue guidance for the fiscal fourth quarter and fiscal year. The company blamed the miss on a combination of a business model transition and the delayed fulfillment of a large customer order.

Tesla
is scheduled to host its Cybertruck delivery event on Thursday in Austin, Texas. It’s expected to begin at 3 p.m. Eastern time and will be livestreamed on 
Tesla
‘s website. Tesla will hand over the initial batch of Cybertrucks to buyers. The event will start answering two key questions for investors: Will the Cybertruck be a big seller and will the truck help boost sales of other Tesla models? Tesla shares were up 1% in premarket trading.

Shares of cloud-computing company
Nutanix
were up 8.3% after adjusted earnings and revenue in its fiscal first quarter topped estimates.

Synopsys
beat fiscal fourth-quarter analysts’ estimates for adjusted profit and sales and the chip design software maker’s guidance for its first quarter topped expectations. In an interview with Barron’s, new CEO Sassine Ghazi said
Synopsys
sees multiple ways to leverage artificial intelligence in its business. Synopsys was rising 1.7% in premarket trading.

Occidental Petroleum
is in talks to buy CrownRock, a major energy producer in the west Texas area of the Permian basin, The Wall Street Journal reported. The deal for the closely held company could be valued well above $10 billion including debt, according to the Journal. Occidental shares fell 0.7%.

Earnings reports are expected Thursday from
Dell Technologies,

Marvell Technology,

Kroger,

Ulta Beauty,

Samsara,

UiPath,

Ambarella,

PagerDuty,
and
Cracker Barrel Old Country Store.

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

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