Here are some of the notable movements in premarket trading:
1. Planet Fitness saw its shares drop by 7% after reporting a revenue miss for the first quarter and issuing disappointing guidance for the year.
2. Robinhood’s stock rose more than 5% after the company reported record earnings for the first quarter, surpassing analyst expectations.
3. Warner Bros. Discovery’s stock fell by about 4% after the company reported a larger loss than expected for the first quarter and lower revenue.
4. Yeti’s shares surged by 12% after beating Wall Street expectations for the first quarter and raising its full-year earnings per share guidance.
5. Arm, the British chip designer, saw its shares drop by nearly 7% despite posting better-than-expected results for the fiscal fourth quarter.
6. Klaviyo’s shares popped almost 9% following the company’s quarterly report which exceeded analyst expectations.
7. Airbnb’s shares sank more than 7% after offering disappointing guidance, despite beating first-quarter expectations.
8. AppLovin’s stock rose by 15% after reporting earnings and revenue that beat analyst estimates.
9. SolarEdge’s shares tumbled more than 8% premarket after posting a wider than expected loss for the first quarter.
10. AMC Entertainment’s stock fell by 4% after reporting declines in revenue and attendance for the first quarter.
11. Duolingo’s stock shed 14% after the language-learning app guided for second-quarter revenue below analyst expectations.
12. Bumble’s shares jumped 11% following an earnings and revenue beat for the company.
13. Krispy Kreme’s shares moved 2% higher after reporting strong revenue for the first quarter.
14. Warby Parker’s stock advanced 14% on stronger-than-expected earnings for the first quarter.
15. Tapestry’s shares dropped 3% after missing revenue estimates for the third quarter and reducing full-year revenue estimates.
16. Roblox’s shares tanked more than 28% after posting first-quarter bookings below expectations and lowering its annual forecast.
17. Forward Air’s stock slumped 36% premarket after reporting worse-than-expected results for the first quarter, citing challenging market conditions.
This information is courtesy of CNBC’s reporting team.
The biggest movers in premarket trading included companies like Planet Fitness, Robinhood, Warner Bros. Discovery, Yeti, Arm, Klaviyo, Airbnb, AppLovin, SolarEdge, AMC Entertainment, Duolingo, Bumble, Krispy Kreme, Warby Parker, Tapestry, Roblox, and Forward Air. Planet Fitness saw a decline in shares due to a revenue miss, while Robinhood rose after reporting record earnings. Yeti surged after beating expectations, and Arm saw a drop despite positive results. Klaviyo, Bumble, Warby Parker, and Krispy Kreme all experienced gains after beating expectations, while Airbnb, AppLovin, and Tapestry faced declines. Roblox tanked after missing estimates and cutting its annual forecast, and Forward Air slumped due to challenging market conditions.
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