PLNT, WBD ABNB, YETI and more
Check out the companies making the biggest moves in premarket trading: Planet Fitness — Shares tumbled as much as 7% after the gym franchise reported a revenue miss for its first quarter and issued disappointing guidance for the year. Quarterly revenue was $248 million, versus the $249.5 million expected from analysts polled by FactSet. Planet Fitness cut its full-year guidance for adjusted EPS growth to 7% to 9% from 10% to 11%, missing the consensus estimate of 11.1%. Robinhood — Shares of the brokerage firm rose more than 5% after the company reported record earnings for the first quarter. Robinhood generated 18 cents in earnings per share on $618 million in revenue. Analysts surveyed by LSEG were looking for 6 cents per share on $549 million in revenue. Warner Bros. Discovery — The stock shed about 4% after the media company said it lost 40 cents per share for its first quarter, greater than the 24 cent loss expected from analysts polled by LSEG. Revenue also disappointed, coming in at $9.96 billion versus the $10.23 billion consensus estimate. Yeti — The drinkware maker surged 12% after topping Wall Street expectations for the first quarter. Yeti earned 34 cents per share, excluding items, on $341.4 million in revenue, while analysts polled by FactSet forecasted 24 cents a share and $333.3 million. The company also raised its full-year guidance for earnings per share, while reaffirming its revenue growth outlook. Arm – The British chip designer saw its shares drop nearly 7% despite posting better-than-expected fiscal fourth-quarter results , as the midpoint of its revenue guidance for the year fell slightly below analysts’ estimates, according to LSEG. Arm said it expects revenue between $3.8 billion and $4.1 billion in the full year. Analysts were expecting revenue of $3.99 billion for the year. Klaviyo — Shares popped almost 9% following the marketing automation company’s quarterly report postmarket Wednesday. Klaviyo guided for second-quarter revenue of $211 million to $213 million, higher than the $210 million expected from analysts polled by LSEG. Airbnb — Airbnb shares sank more than 7% after the vacation rental stock offered disappointing guidance . The company beat first-quarter expectations on the top and bottom lines, but said that it expects revenue to range between $2.68 billion and $2.74 billion for the current quarter. That fell slightly short of an LSEG estimate of $2.74 billion. AppLovin — The mobile technology company moved 15% higher on the back of an earnings and revenue beat postmarket Wednesday. AppLovin reported earnings per share of 67 cents, versus the 57 cents expected from analysts polled by LSEG. Revenue was $1.06 billion versus the $974 million consensus estimate. SolarEdge — Shares tumbled more than 8% premarket after the energy company posted a wider than expected loss of $1.90 per share for the first quarter. Analysts expected a $1.55 per share loss, according to FactSet. Quarterly revenue of $204 million topped expectations but represents a steep decline from nearly $1 billion in revenue last year. AMC Entertainment — Shares of the movie theater chain fell 4% after reporting that revenue and attendance both declined year over year in the first quarter. AMC’s first-quarter financial results were in line with the preliminary estimates the company released in April. Duolingo — The stock shed 14% after the language-learning app guided for second-quarter revenue between $175 million and $177.5 million, shy of the $176.9 million expected from analysts polled by LSEG. Bumble — The dating app company jumped 11% following its earnings and revenue beat postmarket Wednesday. Bumble reported earnings per share of 19 cents, versus the 7 cents expected from analysts polled by FactSet. Revenue was $267.8 million, topping the $265.4 million consensus estimate. Krispy Kreme — Shares moved 2% higher after the company reported revenue of $442.7 million for its first quarter, topping the FactSet consensus estimate of $434.1 million. Adjusted earnings per share were 7 cents, versus the 6 cents expected. Warby Parker — The glasses maker advanced 14% on stronger-than-expected earnings in the first quarter. Warby said it lost 2 cents a share, narrower than the consensus forecast of 9 cents per share from analysts surveyed by FactSet. Revenue came in at $200 million for the three-month period, above the $196.4 million figure penciled in by Wall Street. Tapestry — Shares shed 3% after the Coach parent reported revenue of $1.48 billion for its third quarter, missing the LSEG estimate of $1.5 billion. The company also cut its full-year revenue estimate to over $6.6 billion from about $6.7 billion — and shy of the $6.74 billion expected from analysts polled by FactSet. Roblox – Roblox shares tanked more than 28% after the video game developer posted first-quarter bookings that fell short of Wall Street’s estimates and slashed its annual forecast. For the full year, Roblox said it now expects bookings to range between $4 billion and $4.10 billion. That’s down from prior guidance of $4.14 to $4.28 billion and a FactSet estimate of $4.23 billion. Forward Air — The logistics provider slumped 36% premarket Thursday, more than any other stock in the S & P 1500 Index, according to FactSet data. Forward Air lost 64 cents a share on an adjusted basis in the first quarter, twice as bad as the worst estimate from seven analysts surveyed by FactSet. “We continue to face challenging market conditions, characterized by weak freight demand, excess carrier capacity, and pressure on pricing,” the CFO said. —CNBC’s Jesse Pound, Tanaya Macheel, Alex Harring and Samantha Subin contributed reporting.
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