Check out the companies making headlines in pre-market trading. Hershey — Shares of Hershey fell 7% in premarket trading after the chocolate maker reported second-quarter results that missed analysts’ expectations. The company earned $1.27 per share on revenue of $2.07 billion. Analysts polled by London Stock Exchange Group (LSEG) expected profits of $1.43 per share on revenue of $2.31 billion. “Today’s operating environment remains dynamic, with consumers reducing discretionary spending,” Chief Executive Michelle Buck said in a statement. Amazon – Shares of the e-commerce giant were trading at It rose about 2% ahead of second-quarter results. Analysts polled by FactSet forecast earnings of $1.03 per share on revenue of $148.6 billion. Etsy — The e-commerce stock fell more than 1% after posting mixed quarterly results. Etsy’s revenue topped expectations, but adjusted earnings of 41 cents per share missed the LSEG consensus estimate of 45 cents per share. Shake Shack — Shares of Shake Shack rose nearly 9% in premarket trading after the burger restaurant chain reported second-quarter results. The company reported second-quarter revenue of $316 million, beating LSEG’s forecast of $314 million. Shake Shack also raised the lower end of its full-year revenue guidance. Meta — Shares of the tech giant surged nearly 8% in premarket trading after the company beat second-quarter expectations and issued a better-than-expected forecast for the period. The performance of Facebook’s parent company shows that its core business, the digital advertising market share, continues to grow. Moderna — Shares of Moderna fell nearly 11% after the drugmaker lowered its full-year sales guidance before the bell. Moderna said it expects competition for its U.S. respiratory vaccine, lower sales in Europe and possible deferrals in international revenue. However, the company reported better-than-expected second-quarter revenue and a narrower-than-expected loss per share. Arm Holdings — The chipmaker’s shares fell more than 9% after disappointing second-quarter profit expectations. Arm forecast adjusted earnings per share of 23 cents to 27 cents, while analysts polled by LSEG expected 27 cents. Teladoc — The telemedicine company’s second-quarter revenue of $642 million fell short of expectations, sending its shares down more than 19%. Analysts polled by London Stock Exchange Group (LSEG) expected the figure to reach $650 million. Teladoc also declined to provide a full-year outlook. Ferrari – Shares of Ferrari rose more than 4% after the luxury sports car company beat second-quarter profit and revenue estimates and raised its full-year outlook. Ferrari now expects full-year earnings per share of approximately 7.90 euros (excluding items), compared with its previous forecast of 7.50 euros per share. MGM Resorts – Shares fell 3% despite the casino operator reporting second-quarter results that beat expectations. MGM reported earnings of 86 cents per share on revenue of $4.33 billion, while analysts polled by LSEG expected earnings of 62 cents per share on revenue of $4.22 billion. CH Robinson — Shares of CH Robinson rose more than 10% after the logistics company reported better-than-expected second-quarter profits. To be sure, revenue was slightly below expectations. —CNBC’s Hakyung Kim, Yun Li, Michelle Fox and Fred Imbert contributed reporting.
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