Check out the companies making the biggest moves in pre-market trading. Qualcomm — The chipmaker missed expectations and fell nearly 11% due to a global memory shortage. Qualcomm expects adjusted earnings for the fiscal second quarter to be between $2.45 and $2.65 per share on revenue between $10.2 billion and $11.0 billion. Analyst estimates compiled by LSEG were for sales of $11.11 billion and earnings per share of $2.89. Estee Lauder — This cosmetics company plunged 12% following its second quarter results. Estée Lauder reported adjusted earnings per share of 89 cents, beating the 84 cents expected by analysts surveyed by LSEG. Sales were $4.23 billion, in line with expectations. The company also raised its full-year earnings outlook to $2.05 to $2.25 per share, up from the consensus estimate of $2.16. Carrier Global — Shares fell 6.6% as the company missed out on both sales and bottom line profits. Carrier Global’s fourth-quarter adjusted earnings were 34 cents per share, compared to the FactSet consensus estimate of 36 cents. Sales came in at $4.84 billion, compared to analysts’ expectations of $4.98 billion. Align Technology — The maker of Invisalign soared 2.7% after reporting fourth-quarter results that beat revenue and bottom line. Align Technology reported adjusted earnings per share of $3.29, beating LSEG’s consensus estimate of $2.97. Sales of $1.05 billion exceeded analysts’ expectations of $1.03 billion. Corpay — The corporate payments company rose nearly 3% after reporting stronger earnings and sales. Corpay reported adjusted earnings of $6.04 per share, compared to estimates of $5.94 per share by analysts surveyed by FactSet. Sales came in at $1.25 billion, compared to the consensus estimate of $1.23 billion. Alphabet — Google’s parent company fell more than 3%. Alphabet outperformed in both profit and revenue in the fourth quarter. However, capital spending in 2026 is projected to increase significantly from $175 billion to $185 million, more than double 2025 spending. Elf Beauty — Shares of the beauty company rose 4.8% after the company raised its full-year outlook. Elf expects adjusted earnings of $3.05 to $3.10 per share, while analysts surveyed by FactSet are looking for $2.87 per share. Third-quarter results also beat expectations, with Elf reporting adjusted earnings of $1.24 per share, beating analyst estimates compiled by LSEG of 72 cents. The company’s revenue of $490 million also beat the consensus estimate of $460 million. Arm Holdings — U.S.-listed shares of British semiconductor and software design company Arm Holdings fell 6.6%. Arm’s fourth-quarter guidance only narrowly beat Wall Street expectations, with the company calling for adjusted earnings of about 58 cents a share, compared to LSEG’s consensus call for 57 cents a share. Third-quarter adjusted earnings of 43 cents per share on revenue of $1.24 billion beat analysts’ expectations for earnings of 41 cents per share and revenue of $1.22 billion. O’Reilly Automotive — The auto parts supplier fell 1% after disappointing fourth-quarter results. The company earned 71 cents per share on revenue of $4.41 billion. Analysts surveyed by FactSet had expected the company to earn 73 cents per share, on average. For fiscal 2026, the retailer estimates it will earn between $3.10 and $3.20 per share. Analysts had expected full-year earnings of $3.32. Cryptocurrency Stocks — Cryptocurrency stock prices fell as Bitcoin fell below $70,000. Strategy fell 6.2%, Coinbase fell 4.2% and Robinhood Markets fell 3.8%. Bristol-Myers Squibb — The pharmaceutical giant rose 2% after winning both top and bottom lines. Bristol-Myers Squibb had fourth-quarter adjusted earnings of $1.26 per share on revenue of $12.5 billion. Analysts had expected EPS of $1.12 per LSEG and revenue of $12.28 billion. Tapestry — Coach’s parent company rose 7.5% after better-than-expected second-quarter results. Tapestry’s adjusted earnings were $2.69 per share, beating LSEG’s consensus estimate of $2.22 per share. Sales came in at $2.5 billion, compared to $2.32 billion expected by analysts compiled by LSEG. Peloton — Shares fell 9% after the connected fitness company reported disappointing fourth-quarter results. Peloton posted a loss of 9 cents per share on revenue of $657 million. Analysts surveyed by LSEG had expected a loss of 6 cents per share on revenue of $674 million. Cardinal Health — Shares rose 1% after the healthcare services and products company reported higher earnings and raised its full-year outlook. Cardinal Health’s quarterly adjusted earnings were $2.63, compared to the consensus estimate of $2.36, according to LSEG. Revenue came in at $65.63 billion, compared to the consensus estimate of $64.14 billion. Cardinal now expects full-year adjusted EPS to be between $10.15 and $10.35, compared to its previous guidance of at least $10. HERSHEY — The candy company beat expectations for fourth-quarter profits and sales, sending its stock up 3%. Hershey reported adjusted earnings of $1.71 per share on revenue of $3.09 billion. Analyst estimates compiled by LSEG were for EPS of $1.40 and revenue of $2.98 billion. — CNBC’s Darla Mercado, Christina Cheddarburg, Sarah Ming and Lisa Kailai Han contributed reporting.
