Check out the companies making the biggest moves in the premarket: JM Smucker — Food stocks soar 7% after better-than-expected third-quarter results. Smucker’s earnings, excluding certain items, were $2.38 per share on revenue of $2.34 billion. Analysts polled by FactSet had expected earnings of $2.27 per share and revenue of $2.32 billion. Qnity — Shares of the company, which provides solutions and materials for semiconductors, rose more than 3.5% after higher earnings and revenue. Qnity also announced higher-than-expected revenue guidance and inline revenue forecasts for the full year 2026. The company also announced a multi-year plan Thursday that includes goals to improve productivity through automation and artificial intelligence tools. Nvidia — Nvidia reported strong earnings and revenue in its fiscal fourth quarter, sending its stock price up more than 1%. NVIDIA reported adjusted earnings of $1.62 per share, compared to analysts’ expectations of $1.53 per share, according to LSEG. The company’s revenue for the period was $68.13 billion, beating estimates of $66.21 billion due to strong growth in its core data center business. Snowflake — The software company’s stock fell 0.4%. Snowflake said it expects first-quarter product revenue to be in the range of $1.262 billion to $1.267 billion, slightly above the FactSet consensus estimate of $1.26 billion. Trade Desk — Shares of the advertising technology company fell 16% after Trade Desk expected first-quarter adjusted EBITDA of about $195 million, well below the $223 million expected by analysts surveyed by FactSet. The Trade Desk also missed first-quarter revenue expectations, but its fourth-quarter results beat TheStreet’s expectations. Synopsys — The electronic design automation company fell 3.6% after its full-year earnings outlook failed to impress Wall Street. Synopsys expects revenue to be in the range of $9.56 billion to $9.66 billion, compared to LSEG’s consensus estimate of $9.63 billion. Salesforce — Shares of the customer service software maker fell 3.8%. Salesforce provided fiscal year 2027 revenue guidance in the range of $45.8 billion to $46.2 billion, while the FactSet consensus is $46.11 billion. However, fourth-quarter results exceeded expectations in terms of sales and bottom line. Nutanix — The cloud software company’s stock soared 19%. Nutanix and AMD announced a multi-year partnership to jointly develop an artificial intelligence infrastructure platform. As part of this agreement, AMD will make a strategic investment of $150 million in Nutanix common stock. Separately, Nutanix reported second-quarter results that beat revenue and bottom line, according to LSEG. IonQ — The quantum computing company’s stock rose 12% after IonQ issued a rosy revenue forecast. The company expects first-quarter revenue to be in the range of $48 million to $51 million, higher than analysts’ expectations of $36 million, according to FactSet. Full-year revenue guidance is expected to be in the range of $225 million to $245 million, beating the consensus estimate of $191 million. C3.ai — C3.ai stock fell 24% as investors were disappointed with the company’s third-quarter results. C3.ai posted a loss of 40 cents per share, beating analysts’ expectations of a loss of 29 cents per share, according to LSEG. The company’s revenue for the period was $53.3 million, significantly lower than the $76 million expected by analysts. Lantheus Holdings – Shares fell nearly 5% after the company announced lower-than-expected future outlook for this year, expecting earnings per share to be in the range of $5 to $5.25. Analysts polled by FactSet expected earnings of $5.51 per share. However, the radiopharmaceutical company’s fourth-quarter results exceeded expectations. Warner Bros. Discovery — Shares of the media giant were flat on the market after the company reported a 6% drop in quarterly revenue due to weakness in its TV and movie business. The company did not mention the intense bidding war currently underway as Paramount Skydance raised its offer to $31 per share. Shake Shack — The burger chain rose nearly 6% after its fourth-quarter results. Shake Shack reported adjusted earnings of 37 cents per share, beating consensus estimates by 1 cent, according to FactSet. Revenue was $405 million, exceeding analysts’ expectations of $367.2 million. Baidu — The Chinese tech company’s U.S.-listed shares fell 3% after Baidu’s fourth-quarter revenue fell short of analysts’ expectations. Papa John’s International — The pizza chain fell nearly 5% after its fourth-quarter earnings disappointed investors. Papa John’s had revenue of $498.2 million, compared to the FactSet consensus estimate of $517.3 million. Warby Parker — Shares fell 8% after the eyewear company reported lower-than-expected quarterly results and full-year guidance. Adjusted EBITDA for the quarter was $15.2 million, compared to the $19.9 million expected by analysts compiled by FactSet. Revenue was $212 million, compared to the consensus estimate of $213 million. — CNBC’s Pia Singh, Darla Mercado, Yun Li, Liz Napolitano, Michelle Fox and Davis Giangiulio contributed reporting.
