Stocks making the biggest moves premarket: COUR, WW, DXCM, DECK
Check out the companies making headlines before the bell. CrowdStrike — Shares of CrowdStrike were up nearly 2% after CEO George Kurtz said that more than 97% of Window sensors were back online after last week’s global IT outage. However, the stock is on pace for a 17% week-to-date decline. Semiconductor stocks — Nvidia , Broadcom , Advanced Micro Devices , Qualcomm and Micron Technology all advanced more than 2% as the chipmaker space tried to recover some of this week’s lost ground. Deckers Outdoors — The footwear stock soared 12% after Deckers reported a fiscal first-quarter earnings and revenue beat. Deckers’ earnings came out to $4.52 per share on revenue of $825 million, while analysts surveyed by LSEG had only forecasted per-share earnings of $3.48 on $808 million in revenue. Dexcom — The medical device stock plummeted more than 36% after the company posted a second-quarter revenue miss. Dexcom also lowered its fiscal full-year revenue guidance. Boston Beer — The alcohol stock slipped 2% after Boston Beer posted second-quarter per-share earnings of $4.39, while analysts polled by LSEG had expected $5.02. The company’s $579 million revenue was also lower than the consensus estimate of $597 million. Coursera — The online course provider stock surged 26% after Coursera posted second-quarter revenue of $170 million, which exceeded the $164 million analysts had expected, according to LSEG. However, Coursera reported a per-share loss of 15 cents, while analysts had forecasted earnings of 1 cent per share. Mohawk Industries — Shares of the flooring manufacturer jumped 14% after the company announced a quarterly beat on both the top and bottom lines. In addition, Mohawk announced that it would be undertaking additional cost-cutting efforts to generate annualized savings of $100 million. 3M — The industrials giant added nearly 7% after posting second-quarter adjusted earnings of $1.93 and adjusted revenue of $6.02 billion. This exceeded the adjusted earnings of $1.68 on revenue of $5.88 billion analysts were looking for, per LSEG. Bristol Myers Squibb — The pharmaceutical stock jumped 4% after a stronger-than-expected report for the second quarter. Bristol Myers Squibb reported $2.07 in adjusted earnings per share on $12.20 billion of revenue. Analysts surveyed by LSEG were looking for $1.63 per share on $11.55 billion. Revenue rose 9% year over year. Norfolk Southern — The railroad operator advanced nearly 8% after posting second-quarter per-share earnings of $3.06, while analysts polled by LSEG had sought earnings of $2.86 per share. The company’s revenue of $3.04 billion was in line with expectations. WW International — The weight watchers parent lost 5.3% on the back of a Morgan Stanley downgrade to equal weight from overweight. Morgan Stanley said medications used for treating obesity are a long-term headwind on the core business. Charter Communications — Shares gained 9% after the telecommunications company reported second-quarter adjusted EBITDA of $5.67 billion, higher than the FactSet estimate of $5.48 billion. Charter’s $13.69 billion revenue also exceeded the $13.59 billion analysts had expected. Coinbase — Shares of the cryptocurrency platform jumped 4%, following bitcoin prices higher. The flagship currency was last up about 4%, following a retreat in the prior day. — CNBC’s Alex Harring, Sarah Min and Jesse Pound contributed reporting.
- Finance
