Investing.com -- U.S. stock futures slipped slightly Friday morning as investors sifted through a wave of corporate earnings while awaiting remarks from Federal Reserve Chairman Kevin Warsh.

By 06:19 ET, S&P 500 futures were down 0.06%, while Nasdaq 100 futures fell 0.3%. Dow Jones Industrial Average futures moved against the grain, rising 0.10%.

Among individual stocks, Gap shares rose more than 13% in premarket trading after the retailer named industry veteran Michael Francis as the new CEO of Old Navy, its largest brand, in a bid to turn around the struggling division. The move came alongside a quarterly profit beat driven by improved pricing, prompting the company to raise its annual profit outlook, helped in part by strong performance at the Gap brand itself.

Marvell Technology shares fell more than 7% after hours despite the chipmaker raising its revenue forecasts for fiscal 2027 and 2028. The company now expects fiscal 2027 revenue to grow about 45% to roughly $12 billion, up from a prior forecast of $11.5 billion, with fiscal 2028 revenue seen at approximately $18 billion, up from $16.5 billion.

Second-quarter revenue rose 37% to $2.74 billion, topping estimates of $2.71 billion, with adjusted profit of 94 cents per share versus expectations of 92 cents. Investors appeared unsatisfied that the upgraded outlook didn’t more clearly reflect an accelerated contribution from Marvell’s newly signed AI chip partnership with Google. The stock has nearly tripled year-to-date on AI enthusiasm.

PayPal shares tumbled around 14% in the premarket trade after a Bloomberg report said fintech company Stripe and private equity firm Advent International had walked away from their bid to acquire the payments giant. The offer, valued at $60.50 per share, would have valued PayPal at more than $53 billion.

Meanwhile, SentinelOne shares dropped over 4% after the cybersecurity firm issued a disappointing profit outlook for the third quarter and full fiscal year, overshadowing a revenue beat and improved margins. The company guided to third-quarter adjusted earnings of 8 to 9 cents per share, below the 11-cent consensus, while revenue guidance of $309 million to $311 million was roughly in line with the $309.5 million estimate. Investors focused more on the weaker earnings trajectory than the top-line results.

Elastic shares surged nearly 22% after the software company posted first-quarter results that beat expectations and issued a stronger-than-anticipated full-year forecast. Adjusted earnings per share came in at 70 cents, topping the 58-cent consensus, while revenue rose 15% year-over-year to $478 million, ahead of estimates of $469.73 million.

For fiscal 2027, Elastic guided to adjusted EPS of $3.29 to $3.37 and revenue of $2.00 billion to $2.01 billion, both above Street expectations. The company cited continued momentum across its Search AI, Security, and Observability platforms.