Check out the companies making headlines in premarket trading. Lyft — The rideshare stock advanced more than 23% after a stronger-than-expected fourth-quarter outlook. Lyft expects bookings in the current quarter of $4.28 billion to $4.35 billion, while analysts polled by FactSet expected $4.23 billion. Arm Holdings — Shares of the semiconductor company slipped about 7% despite second-quarter results surpassing Wall Street estimates. Arm reported adjusted earnings per share of 30 cents on revenue of $844 million, while analysts polled by LSEG forecast a profit of 26 cents per share and revenue of $808 million. Wolfspeed — Stock in the semiconductor manufacturer plummeted more than 25% after a revenue miss and a lower-than-expected outlook. Wolfspeed forecasts fiscal second-quarter revenue in the range of $160 million to $200 million, while analysts surveyed by LSEG were looking for $215 million. Take-Two Interactive Sotftware — Shares of the video game designer gained more than 4% after its second-quarter revenue of $1.47 billion surpassed an expected $1.43 billion from analysts polled by LSEG. HubSpot — Shares gained about 7% in premarket trading. The customer platform company’s third-quarter results of $2.18 per share on revenue of $669.7 million beat the forecasted earnings of $1.91 per share on $647 million in revenue from analysts surveyed by FactSet. SolarEdge — The solar panel inverter stock slipped more than 16% after a third-quarter revenue miss. SolarEdge reported revenue of $261 million, while analysts surveyed by LSEG were looking for $269 million. Dutch Bros — Stock in the coffee franchise added 18% on the heels of better-than-expected third-quarter results. The company posted adjusted earnings per share of 16 cents and $338 million in revenue, while analysts polled by LSEG forecast earnings of 12 cents per share and revenue of $325 million. Bumble — Shares of the online dating company were down nearly 6% after posting a loss of $5.11 per share, due to an impairment charge. Third-quarter revenue surpassed Wall Street estimates, and the company expects fourth-quarter revenue of $256 million to $262 million, compared with an estimate of $260 million. Duolingo — The learning app company’s shares fell 5% despite posting a top- and bottom-line beat in the third quarter. However, the number of paid subscribers — 8.6 million — came in slightly below the consensus estimate for 8.66 million, per StreetAccount. AppLovin — Shares surged 32% after the software publisher’s third-quarter results surpassed analysts’ expectations. AppLovin expects adjusted EBITDA of $740 million to $760 million in the fourth quarter, which is higher than the $667 million StreetAccount forecast. Match Group — Shares pulled back about 14% after posting mixed third-quarter results. The dating platform company’s fourth-quarter revenue outlook called for a range of $865 million to $875 million, below the forecast $905.1 million from analysts polled by FactSet. Qualcomm — The chipmaker rallied 5% before the bell on strong earnings and guidance . The company also said its board approved $15 billion in additional share repurchases. E.l.f. Beauty — Stock in the cosmetics company gained more than 7% after it raised its full-year earnings and revenue outlook. The firm now forecasts earnings in the range of $3.47 to $3.53 per share, compared with prior guidance of $3.36 to $3.41 per share. E.l.f. Beauty expects revenue in the range of $1.31 billion to $1.33 billion, up from a forecast of $1.28 billion to $1.30 billion. Zillow — Stock in the housing market site advanced more than 13% after beating Wall Street estimates on the top and bottom line in the third quarter. Zillow reported adjusted earnings per share of 35 cents on revenue of $581 million, while analysts polled by LSEG forecast 29 cents per share and $555 million, respectively. Gilead Sciences — Shares of the biopharmaceutical company added about 2% after surpassing Wall Street esitmates for its full-year earnings guidance. Gilead now forecasts earnings per share in the range of $4.25 to $4.45 per share, while analysts polled by LSEG were looking for $3.80. Moderna — Shares rallied 7% after Moderna’s third-quarter earnings and revenue topped expectations. Earnings of 3 cents per share was greater than the expected loss of $1.90 per share loss, per LSEG. Revenue of $1.86 billion surpassed the expected $1.25 billion. Under Armour — Shares gained 25% after stronger-than-expected second-quarter results. The athletic clothing company reported adjusted earnings per share of 30 cents on revenue of $1.40 billion while analysts polled by LSEG called for a profit of 20 cents per share and revenue of $1.39 billion. Hershey — Shares slipped more than 3% after weaker-than-expected third-quarter results. Hershey earned $2.34 per share after adjustments on revenue of $2.99 billion, while analysts surveyed by LSEG expected it to earn $2.56 per share on $3.08 billion in revenue. — CNBC’s Samantha Subin, Hakyung Kim and Sarah Min contributed reporting
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Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
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