Check out the companies making headlines before the bell: Eli Lilly — The pharmaceutical stock dropped more than 7% despite posting a second-quarter earnings and revenue beat . The company also raised guidance for both its full-year earnings and revenue. Eli Lilly reported that the highest dose of an experimental daily pill helped patients with obesity lose around 12% of their body weight , or approximately 27 pounds, at 72 weeks in a late-stage trial. Peloton — Shares surged 10% after the exercise equipment manufacturer reported fiscal fourth-quarter revenue of $606.9 million, beating the $580.2 million analysts polled by LSEG had expected. The company earned 5 cents per share, while analysts had anticipated a loss of 6 cents per share. Airbnb — The travel rental company saw shares falling 6% in premarket trading. While its second-quarter results beat analysts’ expectations, the company is forecasting a weaker second half of the year. Third-quarter revenue is estimated to be between $4.02 billion and $4.10 billion. Analysts were predicting $4.05 billion in revenue for the period. DoorDash — The food delivery company rallied 7% on a better-than-expected earnings report for the second quarter. DoorDash earned 65 cents per share on $3.28 billion in revenue, while analysts polled by LSEG penciled in 44 cents in earnings per share and $3.16 billion in revenue. E.l.f. Beauty — Shares stumbled 11% after the cosmetics manufacturer said its profits, down 30% year over year , took a hit from new tariffs on China goods. E.l.f. declined to estimate fiscal 2026 revenue due to a “wide range of potential outcomes” and instead issued guidance only for the first half of the fiscal year. DraftKings — The sports betting stock gained 7% after posting second-quarter earnings of 30 cents per share, beating LSEG estimates of 15 cents per share. The company’s $1.51 billion in revenue also exceeded the anticipated $1.41 billion. Additionally, DraftKings said it expects its 2025 revenue to land at the higher end of its $6.2 billion to $6.4 billion range. Duolingo — The language learning app soared 28% after posting a second-quarter beat on both the top and bottom lines. Duolingo also guided for current-quarter revenue in the range of between $257 million and $261 million, while analysts polled by LSEG had penciled in $253 million. Intel — Shares fell about 2% after President Donald Trump said on social media that Intel CEO Lip-Bu Tan should resign . While not referring to Tan by name, Trump called the executive “highly CONFLICTED” in a Thursday morning post on Truth Social. IonQ — Shares slipped 5% after the quantum computing company reported a second-quarter loss of 70 cents per share, wider than the 29 cents analysts polled by FactSet had expected. However, IonQ’s $20.7 million in revenue beat estimates calling for $17.2 million. Fortinet — The cybersecurity stock fell 22% after Fortinet issued lackluster guidance for its third-quarter revenue and reported second-quarter revenue of $1.63 billion, matching expectations. Following its print, Morgan Stanley, Piper Sandler and KeyBanc downgraded shares. HubSpot — Shares climbed 7% after the software company reported second-quarter adjusted earnings of $2.19 per share on revenue of $760.9 million, while analysts polled by FactSet had expected $2.12 per share and $739.4 million in revenue. HubSpot also shared third-quarter and full-year guidance that exceeded estimates. Dutch Bros — Shares surged 20% after the coffee chain posted a second-quarter earnings and revenue beat. Dutch Bros’ same-store sales rose 6.1% year over year. The company also raised its guidance for its full-year same-store sales and adjusted earnings before interest, taxes, depreciation and amortization. MetLife — The insurance provider shed 2% on the back of its disappointing second-quarter financial results. Its adjusted earnings of $2.02 per share fell short of the $2.15 per share expected from analysts polled by LSEG. MetLife’s adjusted revenue came in at $17.92 billion, versus the $18.54 billion consensus estimate. Aris Water Solutions — The water infrastructure stock climbed 20% after Western Midstream Partners announced it would be acquiring Aris Water Solutions in an equity-and-cash transaction worth about $1.5 billion, expected to close in the fourth quarter. Shares of Western Midstream Partners were last down less than 1%. Topgolf Callaway Brands — Shares popped 10% after the golf and active lifestyle company posted second-quarter adjusted earnings of 24 cents per share on revenue of $1.11 billion. Analysts had been looking for earnings of 2 cents per share and revenue of $1.09 billion, per FactSet. Rogers Corp. — The engineering materials stock rose about 2% after activist investor Starboard Value disclosed Wednesday in a securities filing it had built a stake of more than 9% in the company. Starboard’s latest 13F filing revealed it held an approximate position of 1% in the company as of March 31. Firefly Aerospace — Shares of the Texas-based rocket maker will debut on Thursday on the Nasdaq under the “FLY” ticker symbol. On Wednesday, the stock priced in its initial public offering at $45 each, which was above its expected range. — CNBC’s Michelle Fox, Alex Harring and Yun Li 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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