IMAX, MRK, EL and more
Check out the companies making the biggest moves premarket: Estee Lauder – The cosmetics company saw shares jump almost 10%. Estee Lauder and Puig confirmed on Thursday that they have ended talks about a potential merger. Workday — Workday shares jumped more than 8% after the provider of finance and human-resources software posted stronger-than-expected results and raised its full-year margin outlook. Aneel Bhusri, a Workday co-founder, returned as CEO during the quarter. Merck — The pharmaceutical company was up almost 3.5% after its treatment for lung cancer in partnership with Chinese-based Kelun-Biotech cut tumor progression risk by 65% , according to a phase 3 study. Zoom Communications — The video conferencing company saw shares jump 7% after investors cheered the firm’s latest results. Zoom posted better-than-expected earnings and revenue for the latest quarter. The company also increased its stock repurchase authorization by $1 billion. IMAX — Shares were up 14% after reports that the company is exploring a sale and had preliminary talks with potential buyers. A source told CNBC that IMAX’s bankers occasionally test the water for interest about a sale. Ross Stores — The discount department store’s shares were up 4.5% after a stronger-than-expected quarterly earnings report. The firm also raised its comp sales forecast as well as earnings guidance for the full year. Take-Two Interactive — The video game holding company’s shares rose nearly 4% after a small revenue beat. The company also said Grand Theft Auto VI is still on track for November launch. Futu — U.S.-listed shares of the Hong Kong-based brokerage fell 36% after China launched a crackdown on illegal cross-border securities trading. China will penalize brokerages accused of illegally moving money to foreign markets, Reuters reported . PDD Holdings , Alibaba — U.S.-listed shares of the companies with large Chinese operations fell after China’s announcement that it will crack down on illegal cross-border securities trading. PDD was off almost 6%, while Alibaba was down 4.5%. Deckers Outdoor – The maker of UGG boots saw shares fell 2% despite beating Wall Street estimates in the fiscal fourth quarter. Deckers earned 96 cents per share on revenue of $1.11 billion, surpassing the LSEG consensus call for 83 cents a share and revenue of $1.09 billion. UGG revenues for the period came in at $409 million, besting the StreetAccount consensus estimate of $376 million. The company also boosted its share buyback by $3.5 billion. BJ’s Wholesale Club — The stock was up 2% after it reported adjusted earnings of $1.10 per share and $5.66 billion in revenue for the first quarter. Analysts polled by FactSet expected earnings of $1.03 per share and $5.44 billion in revenue. The company also reaffirmed its full-year guidance. Perpetua Resources – Shares of the mining company jumped more than 10% after announcement that Perpetua has secured a $2.9 billion loan from the U.S. Export-Import Bank. The proceeds will fund Perpetua’s Stibnite Gold project in Idaho, which will also produce antimony, a necessary metal for munitions and semiconductor manufacturing. Advanced Micro Devices — Shares were up more than 1.5% after CEO Lisa Su predicted the elevated demand for CPUs will last for five years . Arm — The chipmaker was off more than 2.5% after a massive 42% four-day rally. With the premarket fall, the stock was now pacing for its best week since late April, when it jumped more than 40%. Booz Allen Hamilton — The consulting and engineering services firm was up more than 5% after it reported adjusted earnings of $1.78 per share in its fiscal fourth quarter, higher than analysts polled by FactSet’s expectations for $1.34. Revenue, though, slightly missed expectations. Generac — Shares jumped more than 3% after Jefferies upgraded the stock to buy from hold. The bank sees the data center buildout as a catalyst for the stock, and Jefferies doesn’t think it’s priced into the stock price yet. — CNBC’s Darla Mercado and Yun Li contributed reporting.
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