Check out the companies making headlines before the bell. Disney â Shares were down about 1% after the media giant reported quarterly results that beat analyst expectations, thanks in part to strong performance at its streaming unit. The company earned $1.39 per share, excluding items, on revenue of $23.16 billion. Analysts expected a profit of $1.19 per share on revenue of $23.07 billion, per LSEG. Airbnb â Weaker-than-expected revenue guidance for the third quarter hurt Airbnb shares in the premarket, losing nearly 14%. The company sees revenue in a range of $3.67 billion to $3.73 billion. Analysts expected a forecast of $3.84 billion. Reddit â The social news company added 1%% in premarket trading. Reddit posted second-quarter results that exceeded Wall Street estimates on the top and bottom lines, and also reported better-than-expected daily active user metrics. The company also forecasted its third-quarter revenue outlook above estimates, calling for $290 million to $310 million, while analysts surveyed by LSEG expected $279 million. Lyft â Shares were down more than 13% after the ride-hailing company issued disappointing third-quarter revenue guidance. Lyft sees revenue ranging between $90 million and $95 million, while analysts expected a forecast of $103.4 million, according to StreetAccount. CVS Health â Shares of the drugstore chain slipped just 0.3% after CVS Health reported second-quarter earnings that surpassed expectations but cut its full-year profit outlook due to the impact of higher medical costs. CVS now expects 2024 adjusted earnings of $6.40 to $6.65 per share, lower than a previous guidance of at least $7 per share. Novo Nordisk â Shares of the Wegovy drugmaker slipped about 4% after reporting weaker-than-expected second-quarter results. Novo Nordisk also lowered its operating profit outlook for the full year. Optimism around the popular weight-loss drug has helped push shares up more than 25% year to date, but the latest report is raising worries that it is seeing pressure from Eli Lilly’s Mounjaro and Zepbound. Rivian â Shares of the electric vehicle company fell 9% after a second-quarter report showed a widening net loss. Rivian reported a net loss of $1.46 billion, compared to $1.2 billion last year. The company did beat expectations on some metrics. An adjusted loss of $1.13 per share and $1.16 billion of automotive revenue were better than the loss of $1.21 and $1.14 billion expected by analysts, according to LSEG. Amgen â The biotech stock shed 3% after tightening its full-year earnings outlook and posting weaker-than-expected profit for the second quarter, citing higher operating expenses. Amgen expects adjusted earnings per share to be in a range of $19.10 to $20.10 this year, compared with its prior call of $19 to $20.20. Instacart â Shares of the grocery delivery company surged more than 9% after exceeding revenue and earnings estimates for the second quarter. Instacart’s earnings of 20 cents per share and $823 million in revenue beat analysts’ estimates of 13 cents per share and $807 million of revenue, according to LSEG. Super Micro Computer â Super Micro’s adjusted earnings came out below analysts’ estimates, dragging shares lower by more than 14%. The company posted earnings, excluding items, of $6.25 for the fiscal fourth quarter, while analysts polled by LSEG expected $8.07 per share. Super Micro also announced a 10-for-1 stock split . Advanced Micro Devices â The semiconductor stock popped nearly 2% after Piper Sandler reiterated AMD as a top pick , saying the stock should gain significant market share in the traditional server space. Analyst Harsh Kumar assigned a price target that implies a potential upside of more than 30%. â CNBC’s Fred Imbert, Jesse Pound, Sarah Min, and Michelle Fox Theobald contributed reporting.
Add A Comment
About us
Stay informed with our crypto and finance news site. Get the latest updates on digital assets, market trends, and financial news to make informed decisions and stay ahead in the world of finance.
Popular Categories
Best Categories
© 2025 blockwise.info – All rights reserved.