Stocks making the biggest moves premarket: Pinterest, Match Group, Advanced Micro Devices and more
These are some of the stocks posting the largest moves in premarket trading Wednesday
Check out the companies making headlines before the bell. DuPont — Shares popped 5% on the back of better-than-expected results in the second quarter. The chemical maker earned 97 cents per share, excluding certain items, on revenue of $3.17 billion. Analysts expected a profit of 85 cents per share on revenue of $3.05 billion, according to LSEG. DuPont also raised its full-year earnings and revenue guidance. Intel — Shares rose more than 2% after a Bloomberg article reported that the semiconductor manufacturer is planning to announce thousands of job cuts as early as this week. Microsoft — Microsoft slipped 3% after the Xbox maker reported disappointing cloud computing results . The company posted stronger-than-expected earnings and revenue, but revenue for Azure and other cloud services grew 29%, falling short of a 31% estimate. Advanced Micro Devices — Shares popped nearly 9% after the chipmaker's earnings and revenue beat analyst estimates postmarket Tuesday. AMD reported adjusted earnings of 69 cents per share versus 68 cents expected from analysts polled by LSEG. Revenue was $5.84 billion, topping the $5.72 billion consensus estimate. Shares of Nvidia and ASML Holding also jumped about 7% each on the back of AMD's report. Arista Networks — The computer networking company advanced 5% after beating Wall Street expectations on both its top and bottom lines. Arista reported second-quarter adjusted earnings of $2.10 per share on revenue of $1.69 billion, exceeding the $1.95 per share on $1.65 billion in revenue that analysts polled by LSEG were expecting. Pinterest — The social media stock slumped 11% after forward guidance trailed estimates. The company provided third-quarter revenue guidance of between $885 million to $900 million, below the $908.6 million consensus estimate analysts polled by FactSet were expecting. Second-quarter earnings and revenue topped expectations, however, according to LSEG. Starbucks — The coffee chain rose 4% after maintaining its full-year outlook. Net sales dropped in the fiscal third quarter, however, totaling $9.11 billion, below analysts' estimate of $9.24 billion, according those surveyed by LSEG. Starbucks reported adjusted earnings of 93 cents per share, matching the Street consensus. Skyworks Solutions — The semiconductor stock dipped 1% after fiscal third-quarter adjusted earnings of $1.21 per share failed to top expectations. Revenue of $906 million, however, exceeded the FactSet consensus of $900.4 million. Upstart — The lending platform advanced 6% following a double upgrade to outperform from underperform at Mizuho. Analyst Dan Dolev believes the stock could rally 19% from Tuesday's close, citing an improving risk profile among borrowers and lower interest rates as forthcoming catalysts. Boeing — Shares rose 2% after the maker of the 737 MAX announced a new CEO . Boeing said that former Collins Aerospace CEO Kelly Ortberg will replace Dave Calhoun. In the second quarter, however, Boeing lost $2.90 per share , wider than the loss of $1.97 per share expected by the analyst consensus, according to LSEG. Live Nation Entertainment — The entertainment stock was little changed after posting second-quarter revenue that matched expectations. Per-share earnings of $1.03 fell short of the $1.07 estimated by analysts polled by LSEG. AutoNation — The car dealership was little changed after reporting second-quarter revenue of $6.48 billion, lower than the $6.72 billion that analysts polled by LSEG expected, while its earnings were likely not comparable due to a recent cyber incident in its dealer management system. Humana — The health insurer dropped more than 7% as lackluster earnings guidance overshadowed better-than-expected second-quarter results. Humana reiterated its full-year bottom line forecast of about $16 per share. Analysts polled by StreetAccount, however, had penciled in $16.34 per share. Second-quarter earnings of $6.96 per share, excluding items, and revenue of $29.38 billion topped analyst expectations. Kraft Heinz — Shares of the ketchup and mac and cheese maker gained less than 1% after reporting second-quarter earnings topped Street estimates. But revenue of $6.48 billion was below the $6.55 billion analysts had expected, according to FactSet. Marriott International — The hotel chain slipped 4% after posting second-quarter revenue of $6.44 billion, below the $6.47 billion expected by analysts polled by FactSet. Marriott's adjusted earnings of $2.50 per share topped the $2.47 analysts had forecast. T-Mobile — Shares advanced 3.2% before the opening bell after the mobile network operator surpassed estimates on the top and bottom line in the second quarter. T-Mobile notched earnings of $2.49 per share on revenue of $19.77 billion, while analysts polled by LSEG forecast $2.28 and $19.55 billion. The company also raised its full-year customer addition forecast. Match Group — The owner of the Tinder dating app surged 9% after posting $864 million in second quarter revenue postmarket Tuesday, above analysts' estimate of $856.5 million, according to FactSet. Match said it plans to abandon live streaming services in its dating apps and sunset Hyperconnect's Hakuna app. Vistra — Vistra shares popped 13% after the Texas-based power company received a 20-year license extension from the Nuclear Regulatory Commission to operate its Comanche Peak Nuclear Power Plant. The extension allows Vistra to operate the plant through 2053. Constellation Energy — Shares rose nearly 12% after the mid-Atlantic grid operator PJM cleared 17.6 gigawatts of power capacity from Constellation in 2025 to 2026. Constellation operates the largest nuclear fleet in the U.S., and its stock is up 44% this year on rising power demand from artificial intelligence providers and data centers. Bunge — Shares slipped 6.5% after the food company's net income plunged 88% to $70 million in the second quarter, compared to $622 million in the same period a year ago. CEO Greg Heckman said "current market conditions have improved in some regions, but we continue to have limited visibility into the latter part of the year." — CNBC's Brian Evans, Michelle Fox, Fred Imbert, Spencer Kimball, Tanaya Macheel, Jesse Pound and Samantha Subin contributed reporting.This story originally appeared on: CNBC - Author:Lisa Kailai Han
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These are the stocks posting the largest moves in premarket trading
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