QCOM, MASTR, ALGM, EL and more
Check out the companies making the biggest moves in premarket trading: Qualcomm — The chipmaker sank nearly 11% as a global memory shortage hurt its forecast . Qualcomm expects fiscal second-quarter adjusted earnings of between $2.45 and $2.65 per share on revenue of $10.2 billion to $11 billion. Analysts polled by LSEG were expecting $11.11 billion in sales and earnings of $2.89 per share. Estee Lauder — The cosmetics company tanked 12% following its second-quarter financial results. Estee Lauder reported adjusted earnings of 89 cents per share, topping the 84 cents expected from analysts polled by LSEG. Its revenue of $4.23 billion was in line with expectations. The company also raised its full year earnings guidance to $2.05 to $2.25 per share, versus the $2.16 consensus estimate. Carrier Global — Shares shed 6.6% after the company missed on both the top and bottom lines. Carrier Global’s fourth-quarter adjusted earnings came in at 34 cents per share, versus the 36 cents consensus estimate per FactSet. Revenue was $4.84 billion, compared to the $4.98 billion expected from analysts. Align Technology — The maker of Invisalign popped 2.7% after posting fourth-quarter results that beat on the top and bottom lines. Align Technology reported earnings of $3.29 per share on an adjusted basis, more than the LSEG consensus estimate of $2.97. Revenue of $1.05 billion exceeded the $1.03 billion expected by analysts. Corpay — The corporate payments company rallied nearly 3% following its earnings and revenue beat. Corpay reported adjusted earnings of $6.04 per share, versus the $5.94 a share expected from analysts polled by FactSet. Revenue came in a $1.25 billion, compared to the $1.23 billion consensus estimate. Alphabet — The Google parent lost more than 3%. Alphabet beat on both its earnings and revenue for the fourth quarter. However, it also projected a huge increase in capital expenditure for 2026 to between $175 billion and $185 million — more than double its 2025 spending. E.l.f. Beauty — The beauty company stock jumped 4.8% after raising its full-year guidance . E.l.f. is calling for adjusted earnings of $3.05 to $3.10 per share, while analysts polled by FactSet sought $2.87 per share. Fiscal third-quarter results also topped expectations, with E.l.f. reporting adjusted earnings of $1.24 per share, surpassing the 72 cents analysts polled by LSEG had penciled in. The company’s revenue of $490 million also exceeded the $460 million consensus estimate. Arm Holdings — The U.S.-listed shares of the British semiconductor and software design company dropped 6.6%. Arm’s fourth quarter guidance only narrowly beat Wall Street’s estimates, as the company called for adjusted earnings of roughly 58 cents versus the LSEG consensus call for 57 cents a share. Third-quarter adjusted earnings of 43 cents per share on revenues of $1.24 billion topped the earnings of 41 cents per share and $1.22 billion in revenue expected by analysts. O’Reilly Automotive — The auto parts supplier shed 1% after disappointing fourth-quarter earnings. The company earned 71 cents a share on sales of $4.41 billion. Analysts surveyed by FactSet expected the company to earn 73 cents per share on average. For fiscal year 2026, the retailer estimates it will earn between $3.10 and $3.20 per share. Analyst had expected earnings of $3.32 for the full year. Crypto stocks — Shares of crypto stocks tumbled as bitcoin dropped below $70,000. Strategy lost 6.2%, while Coinbase shed 4.2% and Robinhood Market s fell 3.8%. Bristol-Myers Squibb — The pharmaceutical giant added 2% after it beat on both the top and bottom lines. Bristol-Myers Squibb posted fourth-quarter adjusted earnings of $1.26 per share on revenues of $12.5 billion. Analysts had expected EPS of $1.12 on revenue of $12.28 billion, per LSEG. Tapestry — The Coach parent rose 7.5% on the back of its better-than-expected fiscal second-quarter results. Tapestry’s adjusted earnings came in at $2.69 per share, topping the LSEG consensus estimate of $2.22 per share. Revenue was $2.5 billion versus the $2.32 billion expected from analysts polled by LSEG. Peloton — Shares plunged 9% following the connected fitness company’s disappointing fourth-quarter results . Peloton posted a loss of 9 cents per share on revenue of $657 million. Analysts polled by LSEG had expected a loss per share of 6 cents on revenues of $674 million. Cardinal Health — The stock moved 1% higher after health-care services and product company reported an earnings beat and raised its full-year guidance. Cardinal Health’s quarterly adjusted earnings were $2.63, versus the $2.36 consensus estimate, per LSEG. Revenue came in at $65.63 billion, versus the $64.14 billion consensus estimate. For the full year, Cardinal now expects adjusted EPS to come between $10.15 to $10.35, versus its prior guidance at least $10. Hershey — The candy company posted fourth-quarter earnings and revenue that came in above expectations, sending the stock 3% higher. Hershey reported adjusted earnings of $1.71 per share on revenue of $3.09 billion. Analysts polled by LSEG had expected EPS of $1.40 on revenues of $2.98 billion. — CNBC’s Darla Mercado, Christina Cheddar-Berk, Sarah Min and Lisa Kailai Han contributed reporting.
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