Stocks making the biggest moves premarket: McDonald’s, Snap, Super Micro, Opendoor, Disney and more
Check out the companies making headlines in premarket trading. McDonald’s — Shares of the fast food giant gained more than 4% after second-quarter results surpassed analyst estimates. McDonald’s earned $3.19 per share after adjustments on revenue of $6.84 billion. Analysts polled by LSEG were looking for a profit of $3.15 per share and revenue of $6.7 billion. Walt Disney — The media and entertainment giant slipped more than 1% on the back of mixed quarterly results . Revenue for its fiscal third quarter came in at $23.65 billion, short of the $23.73 billion estimate from LSEG. Adjusted earnings were $1.61 per share, topping the $1.47 consensus estimate. Snap — Stock in the social media platform pulled back nearly 18% after second-quarter revenue missed analyst estimates. The firm reported revenue of $1.34 billion, while analysts polled by LSEG were looking for $1.35 billion. Arista Networks — Shares of the network equipment firm advanced 13% in the premarket following better-than-expected expected second-quarter results. Arista Networks earned an adjusted 73 cents per share on revenue of $2.20 billion, while analysts polled by LSEG were looking for earnings of 65 cents per share and $6.11 billion in revenue. Opendoor Technologies — Shares of the online residential real estate stock plummeted more than 21% after issuing a weaker-than-expected third-quarter outlook. Opendoor said it expects revenue between $800 million to $875 million, while analysts polled by FactSet were looking for $1.20 billion. The stock has seen record-high trading volume in recent months, having caught the attention of retail traders, who have boosted the stock more than 36% so far in August. It was up fivefold since the start of July. Uber Technologies — The stock dipped 0.5%. The ride-hailing company reported second-quarter earnings of 63 cents per share, which was in line with the consensus estimate. Revenue of $12.65 billion exceeded the $12.46 billion expected by analysts polled by LSEG. Advanced Micro Devices — The chipmaker’s shares dropped more than 6% after a disappointing second-quarter earnings report . The adjusted earnings of 48 cents per share was a penny shy of LSEG estimates. The company trails Nvidia in the graphics processing unit, or GPU, market. Rivian Automotive — Stock in the electric vehicle company fell 7% as its second-quarter results missed analyst estimates. Rivian reported a wider-than-expected loss of 80 cents per share, after adjustments. Analysts polled by LSEG were looking for an adjusted loss of 65 cents per share. Skyworks Solutions — Shares of the wireless networking stock climbed nearly 1% after a better-than-expected fourth-quarter outlook. Skyworks said it expects revenue in the current quarter of $1 billion to $1.03 billion, while analysts surveyed by LSEG forecast $887 million. Skyworks also forecast adjusted fourth-quarter earnings of $1.40 per share, while analysts were looking for 97 cents. Upstart Holdings — The artificial intelligence-powered lending marketplace lost almost 2% despite offering a strong earnings report and outlook. Upstart earned an adjusted 36 cents per share on $257 million in revenue, beating the respective LSEG consensus forecasts of 26 cents a share and $225 million estimate. Hinge Health — Shares surged more than 10% following stronger-than-expected second-quarter revenue. Hinge Health reported revenue of $139 million, while analysts surveyed by LSEG were looking for $125 million. The results are Hinge Health’s first quarterly print as a publicly traded company. Lucid Group — The EV stock rose 3% even though it adjusted its production outlook for 2025 . Lucid expects to produce between 18,000 and 20,000 vehicles, compared with a previous forecast of 20,000. Lucid’s second-quarter results also missed analyst estimates. BridgeBio Pharma — Shares were more than 9% lower after the pharmaceutical company reported a wider second-quarter loss than analysts were expecting. BridgeBio lost 95 cents per share, compared with a FactSet forecast for a 79 cents per share loss. Super Micro Computer — The server stock plunged 17% after weaker-than-expected fourth-quarter results. Super Micro earned 41 cents per share on revenue of $5.76 billion, while analysts polled by LSEG were looking for a profit of 44 cents per share and $5.89 billion in revenue. The firm’s first-quarter outlook also missed analyst estimates. Match Group — The online dating service stock popped almost 7% after the firm issued a stronger-than-expected third-quarter revenue outlook. Match Group expects revenue in the current quarter to be between $910 million and $920 million, while analysts polled by LSEG were looking for $890 million. — CNBC’s Alex Harring, Michelle Fox, Yun Li and Sarah Min contributed reporting.
