ISRG, BYND, PEGA, DNUT and more
Check out the companies making headlines before the stock market’s opening bell. Beyond Meat — The plant-based meat alternative company surged 90%, continuing its meme-fueled craze . The stock soared more than 140% on Tuesday, its largest ever one-day gain, after Beyond Meat signed a deal with Walmart to expand distribution. Earlier in the week, Roundhill Investments added BYND to its Meme Stock ETF (MEME) . Krispy Kreme — The donut chain soared 37% in premarket trading as meme stock trading activity continued to ramp up. Krispy Kreme shares jumped 14% Tuesday along with other speculative names, including Beyond Meat. Intuitive Surgical — The maker of robotic-assisted surgery systems popped 17% on third-quarter results that beat expectations. Intuitive posted adjusted earnings per share of $2.40 on revenue of $2.51 billion. Analysts expected a profit of $1.98 per share on revenue of $2.4 billion, according to LSEG. Pegasystems — Shares jumped nearly 13% following the software company’s third-quarter earnings. Pegasystems’ adjusted earnings came in at 30 cents per share, versus the 20 cents a share expected from analysts polled by LSEG. Revenue of $381 million topped the $345 million consensus estimate. Capital One — The Virginia’s-based bank’s latest financial results topped Wall Street’s expectation s, sending shares 4% higher. Adjusted earnings came in at $5.95 per share on revenue of $15.36 billion, versus the $4.37 per share on revenue of $15.08 billion expected from analysts, according to LSEG. Draftkings — The stock is up about 4% after the sports gambling platform unveiled plans to acquire prediction market platform, Railbird . It will use the trading platform’s technology and management to create its own events contract offering called Draftkings Predictions. Hilton Worldwide — The hotel chain rose 3% on stronger-than-expected earnings for the third quarter. Hilton earned $2.11 per share, excluding one-time items, on revenue of $3.12 billion, while analysts polled by LSEG anticipated $2.06 a share and $3.01 billion. Western Alliance — The Arizona-based regional bank added 2% after third-quarter earnings of $2.28 per share beat the $2.09 that analysts polled by LSEG had expected. The bank’s $938 million revenue also exceeded an $890 million forecast. Warner Bros. Discovery — The HBO and CNN parent rose 2%, adding to Tuesday’s 11% gain, after it said it’s open to a sale and has begun a strategic review of its business. Mattel — The Barbie doll maker fell 5% on disappointing third-quarter results. Mattel earned an adjusted 89 cents per share on revenue of $1.74 billion. Analysts polled by LSEG estimated earnings of $1.07 per share on revenue of $1.83 billion. Netflix — The largest streaming platform fell 7% after third-quarter earnings of $5.87 per share fell short of analyst expectations. Analysts surveyed by LSEG had estimated $6.97 in earnings per share. Revenue matched expectations, at $11.51 billion. Bitfarms — Shares plunged roughly 8% as investors reacted to the cryptocurrency miner’s plan to issue $300 million in convertible senior notes maturing in 2031. Barclays — Shares rose nearly 5% after the British bank financial institution announced Wednesday a £500 million share buyback in conjunction with its third-quarter earnings. Barclays also raised its guidance, projecting it will deliver a return on tangible equity of more than 11% this year. — CNBC’s Alex Harring, Sean Conlon, Yun Li, Fred Imbert, Lisa Kailai Han and Michelle Fox Theobald contributed reporting
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