Stocks making the biggest moves premarket: NVDA, SJM, TTD, NTNX
Check out the companies making the biggest moves in the premarket: J.M. Smucker — The food stock popped 7% on better-than-expected fiscal third-quarter results. Smucker earned $2.38 per share, excluding certain items, on revenue of $2.34 billion. Analysts polled by FactSet expected a profit of $2.27 per share on revenue of $2.32 billion. Qnity — Shares of the solutions and materials provider for semiconductors jumped more than 3.5% after an earnings and revenue beat. Qnity also issued better-than-expected earnings guidance for full-year 2026 and in-line revenue projections. The company on Thursday also announced a multiyear plan, which includes goals to boost productivity through automation and artificial intelligence tools. Nvidia — Nvidia reported strong earnings and revenue for the fiscal fourth-quarter , leading shares to add more than 1%. Nvidia reported adjusted earnings of $1.62 per share, while analysts expected $1.53 per share, according to LSEG. The chipmaker’s revenue of $68.13 billion for the period also exceeded the $66.21 billion estimated, driven by significant growth in its core data center business. Snowflake — Shares of the software company slipped 0.4%. Snowflake said that its first-quarter product revenue would range between $1.262 billion and $1.267 billion, just slightly higher than the FactSet consensus call for $1.26 billion. Trade Desk — Shares of the advertising tech company plunged 16% after Trade Desk called for first-quarter adjusted EBITDA of roughly $195 million, falling significantly short of the $223 million expected from analysts polled by FactSet. Trade Desk also missed on first-quarter revenue projections, but its fourth-quarter results beat the Street’s estimates. Synopsys — The electronic design automation company fell 3.6% after full-year revenue guidance failed to impress Wall Street. Synopsys sees revenue ranging between $9.56 billion and $9.66 billion, while the LSEG consensus estimates called for $9.63 billion. Salesforce — Shares of the customer service software maker fell 3.8%. Salesforce provided fiscal 2027 revenue guidance ranging from $45.8 billion to $46.2 billion, while the FactSet consensus called for $46.11 billion. Fourth-quarter results surpassed expectations on the top and bottom lines , however. Nutanix — The cloud software company saw its shares pop 19%. Nutanix and AMD announced a multiyear partnership to jointly develop an artificial intelligence infrastructure platform. As part of this agreement, AMD will make a strategic investment of $150 million in Nutanix common stock. Separately, Nutanix reported fiscal second-quarter results that beat on the top and bottom lines, per LSEG. IonQ — Shares of the quantum computing company jumped 12% after IonQ gave rosy sales projections. The company sees revenue ranging from $48 million to $51 million in the first quarter, topping analysts’ call for $36 million, per FactSet. Full-year revenue guidance is expected to range between $225 million and $245 million, besting the consensus forecast of $191 million. C3.ai — C3.ai stock fell 24% after investors came away disappointed by the company’s fiscal third-quarter results. C3.ai posted a loss of 40 cents per share, greater than the 29 cents per share loss analysts were expecting, per LSEG. The company’s revenue of $53.3 million for the period also came out significantly below the $76 million analysts were expecting. Lantheus Holdings – Shares declined nearly 5% after the company issued lower-than-expected forward guidance for this year, seeing earnings in a range of $5-$5.25 per share. Analysts polled by FactSet expected an outlook of $5.51 in earnings per share. However, the radiopharmaceutical firm exceeded expectations for its fourth-quarter financial results. Warner Bros Discovery — Shares of the media giant traded flat in premarket after the firm reported a 6% decline in quarterly revenue amid a slowdown in its TV and film business. The company didn’t address the head-turning bidding war it’s in the middle of as Paramount Skydance had raised its takeover offer to $31 per share. Shake Shack — The burger chain rallied nearly 6% following its fourth-quarter results. Shake Shack reported adjusted earnings of 37 cents per share, 1 cent above the consensus estimate, per FactSet. Its revenue came in at $400.5 million, topping the $367.2 million expected from analysts. Baidu — U.S.-listed shares of the Chinese tech company slipped 3% after Baidu’s fourth-quarter revenue fell short of analysts’ expectations. Papa John’s International — The pizza chain tumbled nearly 5% after its fourth-quarter revenue disappointed investors. Papa John’s posted revenue of $498.2 million, versus the FactSet consensus estimate of $517.3 million. Warby Parker — The stock sank 8% after the eyeglass company’s quarterly results and full-year guidance came in below expectations. Its fourth-quarter adjusted EBITDA was $15.2 million, versus the $19.9 million anticipated from analysts polled by FactSet. Revenue was $212 million, compared to the $213 million consensus estimate. — CNBC’s Pia Singh, Darla Mercado, Yun Li, Liz Napolitano, Michelle Fox and Davis Giangiulio contributed reporting.
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