CVS, CMCSA, META, NCLH and more
Check out the companies making the biggest moves in premarket trading: CVS Health — The stock popped 7% after the drugstore chain reported an earnings and revenue beat for its second quarter. The company also boosted its adjusted profit outlook, now expecting a range of $6.30 to $6.40 per share for fiscal 2025, up from previous guidance of $6 to $6.20 per share. Comcast — The telecommunications giant added 6% after posting second-quarter adjusted earnings of $1.25 a share on revenue of $30.31 billion. Analysts polled by LSEG expected Comcast to earn $1.18 a share on revenue of $29.81 billion. Norwegian Cruise Line Holdings — The cruise stock rallied 12% following mixed second-quarter results. Adjusted earnings of 51 cents per share were in line with expectations, while its revenue of $2.52 billion fell short of FactSet’s consensus estimate of $2.56 billion. Norwegian reiterated its full-year guidance, citing strong demand. Meta Platforms — The Facebook parent jumped nearly 12% on the back of its second-quarter revenue beat and third-quarter outlook. Meta now anticipates revenue between $47.5 billion to $50.5 billion for the third quarter, ahead of analyst expectations of $46.16 billion, per LSEG. Microsoft — Shares jumped almost 9% following the tech giant’s beat on both the top and bottom lines . Its fiscal fourth-quarter earnings were $3.65 per share, versus the $3.37 per share expected by analysts in a LSEG poll. Revenue was $76.44 billion, an 18% increase from a year earlier and above the $73.81 billion consensus estimate. CoreWeave — Shares of the AI cloud computing stock rallied 13% on the back of an upgrade from Citi to buy from neutral. The firm said that Microsoft’s strong quarterly figures signal AI demand remains strong, which should boost CoreWeave long term. Microsoft is a top client of CoreWeave. Western Digital — The stock gained 6% after the storage company reported adjusted earnings of $1.66 per share, topping the $1.48 per share expected by analysts polled by LSEG. Revenue of $2.61 billion beat the consensus estimate of $2.47 billion. Anheuser-Busch InBev — U.S.-listed shares of the brewer sank nearly 11%. The company reported a decline in second-quarter volumes that was worse than feared. Cigna — The health-care stock added 2% following the company’s second-quarter financial results. Cigna earned $7.20 per share, excluding items, on revenue of $67.18 billion, and outpaced the LSEG consensus estimate of $7.15 per shares in profits on revenue of $62.46 billion. Bristol Myers Squibb — The pharmaceutical stock rose 3%. The company’s second-quarter adjusted earnings came in at $1.46 per share on revenue of $12.27 billion. Analysts polled by LSEG were expecting EPS of $1.07 on revenue of $11.38 billion. Shake Shack — Shares slid more nearly 11% after the burger chain gave weaker-than-anticipated revenue guidance for the current quarter. Shake Shack said to expect between $358 million and $364 million, while analysts polled by FactSet estimated $364.8 million. Biogen — The stock moved almost 6% higher following its beat on the top and bottom lines. Second-quarter adjusted earnings came in at $5.47 per share, topping the LSEG consensus estimate of $3.93 per share. Revenue was $2.65 billion, versus the 2.33 billion expected. Carvana — The online used car seller surged 18% after its second-quarter earnings of $1.28 per share exceeded the $1.11 per share consensus estimate, per LSEG. Its $4.84 billion in revenue was also higher than the $4.59 billion expected from analysts. Align Technology — The stock sank nearly 30% after the orthodontics parts manufacturer’s earnings and revenue for the second quarter missed expectations. Align Technology’s revenue guidance for $965 million to $985 million for the current quarter also fell short of the $1.04 billion analysts were expecting, per LSEG. Qualcomm — The semiconductor company tumbled 5% despite reporting a beat on both the top and bottom lines . However, some of its business segment revenues came in lighter than expected. Arm Holdings — Shares dropped 8% after the British semiconductor reported first-quarter revenue that fell short of expectations. Arm Holdings posted revenue of $1.05 billion, lower than the $1.06 billion expected by analysts polled by LSEG. Adjusted earnings of 35 cents came in line with expectations. eBay — Shares surged nearly 12% after Ebay posted second-quarter results that exceeded expectations, and issued an upbeat forecast for the current quarter. The online retailer earned $1.37 per share, excluding items, more than the $1.30 LSEG estimate. Revenue of $2.73 billion came in above the $2.64 billion expected. Figma — The software developer is expected to debut on the New York Stock Exchange Thursday under the ticker symbol FIG. It priced its initial public offering at $33 per share , above its expected range. Roblox — Shares soared more than 18% after the online gaming platform raised its full-year bookings guidance and reported 111.8 million average daily active users, up 41% year over year. Roblox now anticipates bookings for 2025 to come in between $5.87 billion to $5.79 billion, up from its prior guidance of $5.28 billion to $5.36 billion. That’s above the $5.64 billion expected by analysts in a FactSet poll. Its second-quarter revenue also topped expectations. —CNBC’s Alex Harring, Sarah Min and Pia Singh contributed reporting. Disclosure: Comcast is the parent company of CNBC
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