Check out the companies making headlines in pre-market trading. Lyft — Shares of the ride-sharing company rose more than 23% after its fourth-quarter outlook came in better than expected. Lyft expects bookings of $4.28 billion to $4.35 billion this quarter, while analysts polled by FactSet expected $4.23 billion. Arm Holdings — Shares of the semiconductor company fell about 7% despite second-quarter results beating Wall Street expectations. Arm reported adjusted earnings of 30 cents per share on revenue of $844 million, while analysts polled by LSEG forecast profit of 26 cents per share on revenue of $808 million. Wolfspeed — Shares of the semiconductor maker plunged more than 25% on lower-than-expected revenue and a weaker-than-expected outlook. Wolfspeed forecast fiscal second-quarter revenue of between $160 million and $200 million, while analysts polled by LSEG expected revenue of $215 million. Take-Two Interactive Software — The video game design company’s second-quarter revenue of $1.47 billion exceeded LSEG analysts’ expectations of $1.43 billion, and its stock price rose more than 4%. HubSpot — Shares rose about 7% in premarket trading. The customer platform company’s third-quarter results were $2.18 a share on revenue of $669.7 million, beating analysts’ forecasts of $1.91 a share on revenue of $647 million, polled by FactSet. SolarEdge — Shares of the solar panel inverter fell more than 16% after third-quarter revenue fell short of expectations. SolarEdge reported revenue of $261 million, while analysts polled by LSEG expected revenue of $269 million. Dutch Bros — Shares of the coffee franchise jumped 18% after better-than-expected third-quarter results. The company reported adjusted earnings of 16 cents per share on revenue of $338 million, while analysts polled by LSEG forecast earnings of 12 cents per share on revenue of $325 million. Bumble — The online dating company lost $5.11 per share due to impairment charges, sending its shares down nearly 6%. Third-quarter revenue exceeded Wall Street expectations, and the company forecast fourth-quarter revenue of $256 million to $262 million, compared with expectations of $260 million. Duolingo — Shares of the learning app company fell 5% despite beating third-quarter revenue and profit expectations. However, the number of paying subscribers was 8.6 million, slightly lower than the consensus estimate of 8.66 million, according to StreetAccount. AppLovin — Shares of AppLovin soared 32% after the software publisher’s third-quarter results beat analysts’ expectations. AppLovin expects fourth-quarter adjusted EBITDA of $740 million to $760 million, higher than StreetAccount’s forecast of $667 million. Match Group — Shares fell about 14% after reporting mixed third-quarter results. The dating platform company’s fourth-quarter revenue is expected to be $865 million to $875 million, below the $905.1 million forecast by analysts polled by FactSet. Qualcomm — The chipmaker gained 5% before the close on strong earnings and guidance. The company also said its board approved $15 billion in additional stock repurchases. Elf Beauty — Shares of Elf Beauty rose more than 7% after the cosmetics company raised its full-year profit and revenue forecast. The company now forecasts earnings of $3.47 to $3.53 per share, compared with previous guidance of $3.36 to $3.41 per share. Elf Beauty expects revenue in the range of $1.31 billion to $1.33 billion, above expectations of $1.28 billion to $1.30 billion. Zillow — Shares of the real estate marketplace site jumped more than 13% after its third-quarter revenue and profit topped Wall Street estimates. Zillow reported adjusted earnings of 35 cents per share on revenue of $581 million, while analysts polled by LSEG forecast earnings of 29 cents per share on revenue of $555 million. Gilead Sciences — The biopharmaceutical company’s full-year profit guidance topped Wall Street expectations, sending shares up about 2%. Gilead currently forecasts earnings of $4.25 to $4.45 per share, while analysts polled by LSEG expected earnings of $3.80 per share. Moderna — Moderna shares rose 7% after the company beat third-quarter profit and revenue estimates. Earnings were 3 cents per share, higher than LSEG’s expected loss of $1.90 per share. Revenue of $1.86 billion beat expectations of $1.25 billion. Under Armor – Shares rose 25% after second-quarter results beat expectations. The sportswear company reported adjusted earnings of 30 cents per share on revenue of $1.4 billion, while analysts polled by LSEG expected profits of 20 cents per share on revenue of $1.39 billion. Hershey — Shares fell more than 3% after third-quarter results were weaker than expected. Hershey forecast adjusted earnings of $2.34 per share on revenue of $2.99 billion, while analysts polled by LSEG expected earnings of $2.56 per share on revenue of $3.08 billion. —CNBC’s Samantha Subin, Hakyung Kim and Sarah Min contributed reporting
ABOUT US
Our news website delivers comprehensive coverage on US news, economy, politics, and world events, ensuring you stay informed on the latest developments. We provide timely and accurate news to keep you updated on the most important stories. Stay connected with us for in-depth analysis and breaking news from around the globe.
Contact us: contact@realtimeheadlines.com
© Real Times Headlines - 2024 | All Rights Reserved