Stocks making the biggest moves premarket: SHAK, WEN, PTON, U
Check out the companies making headlines before the bell: Shake Shack — Shares rose 3.8% after the fast-food chain published its third-quarter results. Adjusted earnings per share of 40 cents topped an LSEG estimate of 35 cents per share. Revenue of $423 million was just below the $426 million consensus. Management also reaffirmed the company’s full-year 2026 revenue guidance of $1.6 billion to $1.7 billion. Peloton Interactive — The maker of fitness equipment jumped 7% after Peloton Interactive posted fiscal first-quarter revenue of $559 million, besting the LSEG consensus estimate of $554 million. However, earnings of 19 cents per share missed the 21 cents expected. Wendy’s — Shares were little changed after the fast food chain rejected a $1.4 billion takeover offer from a Trian Fund Management-led group. The group late last month offered $7.35 per share in cash to take Wendy’s private. Unity Software — Shares of the game development company surged 22% following blowout results. Unity Software posted third-quarter earnings of 25 cents per share on revenue of $622 million. Analysts surveyed by LSEG had expected per-share earnings of 5 cents on revenue of $567 million. Qualcomm — The chipmaker plunged 9% even after posting a slight earnings beat in its fiscal fourth-quarter financial report . Qualcomm sees adjusted earnings of $2.15 to $2.35 per share in the current quarter, while analysts polled by FactSet were seeking $2.26 per share. AppLovin — Shares rallied 19% following stronger-than-expected third-quarter results. The software company known for mobile game advertising posted adjusted EBITDA of $1.84 billion, more than the FactSet $1.73 billion consensus estimate. Revenue of $2.18 billion exceeded the forecast of $2.07 billion. Expedia — The online booking company slid more than 6% after Expedia issued mostly weaker-than-expected guidance for the current quarter. It sees revenue between $3.69 billion and $3.75 billion in the fourth quarter, but analysts polled by FactSet on average expected $3.74 billion. Coherent — The optical materials company dipped 2% though it posted earnings and revenue that topped estimates. Adjusted earnings of $2.09 per share topped the $1.99 per share consensus estimate from FactSet. Revenue also came in above estimates, as did guidance for the current quarter. Zillow — Shares sank about 15% after the company missed on key metrics in its third-quarter earnings report. Adjusted earnings came in at 55 cents per share, compared with the 59 cents per share expected by LSEG. Revenue also was weaker than expected, at $724 million compared to expectations for $754 million. Klaviyo – The maker of the customer relationship management platform slid about 5% even as the company reported stronger than expected third-quarter results. Klaviyo posted adjusted earnings of 22 cents per share on revenue of $387.2 million, while the consensus called for 17 cents per share and $380 million, according to FactSet. Klaviyo also lifted its full-year revenue guidance. MercadoLibre – Shares slid 6% following third-quarter earnings that missed estimates. The e-commerce platform earned $8.83 per share, compared to the FactSet consensus estimate of $9.27 a share. However, revenue of $10.75 billion beat the expectation for $10.69 billion. Arm Holdings — The designer of central processing units dropped more than 5% even after a strong earnings report. The UK-based company reported adjusted earnings of 52 cents per share, besting the LSEG consensus estimate of 47 cents. Cava — The restaurant chain tumbled more than 8% after it reported third-quarter results that missed expectations. Earnings of 11 cents a share disappointed the LSEG consensus estimate for 12 cents. Cava posted revenue of $356 million, while analysts expected the number to be $359 million. Wolfspeed – The semiconductor manufacturer fell more than 3% after posting a wider-than-expected loss in the fiscal first quarter. Wolfspeed’s adjusted loss of $2.03 per share came in worse than the FactSet consensus estimate for a $1.99 per share loss. Figma — The software stock dropped almost 7% even after the cloud-based design platform posted third-quarter results that bested expectations. Figma posted adjusted earnings of 10 cents a share on revenue of $391 million, while the LSEG consensus called for 5 cents a share and $376 million. HubSpot – Shares of the customer platform company slid 9% following disappointing fourth-quarter earnings and revenue guidance. HubSpot expects to earn between $3.85 and $3.87 per share on revenue of $945 million to $947 million. Analysts polled by FactSet were looking for $4.09 in earnings per share and $964.9 million in revenue. e.l.f. Beauty – The cosmetics stock popped more than 5%, after e.l.f. posted fiscal second-quarter adjusted earnings of $1.21 per share and revenue of $521 million. That bested the 60 cents per share and $470 million anticipated by analysts polled by LSEG. Snap – The social media stock tumbled 10%, following third-quarter revenue of $1.72 billion that narrowly missed the LSEG consensus estimate of $1.73 billion. Global daily active users also missed expectations, coming in at 495 million versus the StreetAccount consensus of 499 million. Dutch Bros — The coffee chain dropped 13% after the company cut its full-year adjusted EBITDA guidance to at least $380 million from a previous range of $385 million to $390 million. Same-store sales in the third quarter also came in weaker than expected at 4.4%, versus the StreetAccount consensus estimate of 4.6%. Fastly – Shares of the edge cloud platform tumbled 12%, though earnings and revenue in the third quarter topped estimates, as did guidance for the current quarter. The company announced Scott Lovett, president of Go To Market, will be retiring in 2027. — CNBC’s Davis Giangiulio, Fred Imbert, Paulina Likos and Darla Mercado contributed reporting
