Check out the companies making the biggest pre-market moves: Estee Lauder – The cosmetics company’s stock rose nearly 10%. Estée Lauder and Puig confirmed Thursday that they have concluded discussions about a potential merger. Workday — Workday stock rose more than 8% after the finance and human resources software provider reported better-than-expected results and raised its full-year profit margin outlook. Workday co-founder Aneel Bhusri returned as CEO during the quarter. Merck — The drugmaker rose nearly 3.5% after a Phase 3 study showed a lung cancer treatment partnered with China-based Cologne Biotech reduced the risk of tumor progression by 65%. Zoom Communications — The video conferencing company’s stock rose 7% after investors welcomed the company’s latest financial results. Zoom posted better-than-expected revenue and revenue in its latest quarter. The company also increased its share buyback authorization by $1 billion. IMAX — Shares rose 14% after reports the company is considering a sale and is in preliminary talks with a potential buyer. Officials told CNBC that IMAX bankers test the waters from time to time to earn interest on sales. Ross Stores — Shares of the discount store rose 4.5% after a better-than-expected quarterly earnings report. The company also raised its full-year profit outlook as well as its comp sales forecast. Take-Two Interactive — Shares of the video game holding company rose nearly 4% after reporting slightly higher sales. The company also said that Grand Theft Auto VI is still on track for a November release. Futu — The Hong Kong-based brokerage’s U.S.-listed shares fell 36% after China launched a crackdown on illegal cross-border securities trading. China will impose penalties on securities firms accused of illegally moving funds to overseas markets, Reuters reported. PDD Holdings, Alibaba — U.S.-listed stocks of companies with large operations in China fell after China announced a crackdown on illegal cross-border securities trading. PDD fell about 6%, and Alibaba fell 4.5%. Deckers Outdoor – The maker of UGG boots saw its stock fall 2% despite beating Wall Street expectations in its fiscal fourth quarter. Deckers earned 96 cents per share on revenue of $1.11 billion, beating LSEG’s consensus call of 83 cents per share on revenue of $1.09 billion. UGG’s revenue for the period was $409 million, beating StreetAccount’s consensus estimate of $376 million. The company also increased its share buybacks by $3.5 billion. BJ’s Wholesale Club — Shares rose 2% after the company announced first-quarter adjusted earnings of $1.10 per share on revenue of $5.66 billion. Analysts polled by FactSet had expected earnings of $1.03 per share and revenue of $5.44 billion. The company also reaffirmed its full-year outlook. Perpetua Resources – The mining company’s stock rose more than 10% after Perpetua announced it had secured a $2.9 billion loan from the U.S. Export-Import Bank. The proceeds will fund Perpetua’s stibnite gold project in Idaho, which will also produce antimony, a metal needed for munitions and semiconductor manufacturing. Advanced Micro Devices — Shares rose more than 1.5% after CEO Lisa Su predicted increased demand for CPUs would continue for five years. Arm — The chipmaker is down more than 2.5% after a massive 42% rally in four days. Following the premarket selloff, the stock was on pace for its best week since late April, when it rose more than 40%. Booz Allen Hamilton — The consulting and engineering services firm rose more than 5% after reporting fiscal fourth-quarter adjusted earnings of $1.78 per share, beating analysts’ estimates of $1.34 compiled by FactSet. However, revenue was slightly lower than expected. Generac — Shares rose more than 3% after Jefferies upgraded the stock from hold to buy. The bank believes the construction of the data center will be a catalyst for the stock price to rise, but Jefferies believes it has not yet been factored into the stock price. — CNBC’s Darla Mercado and Yun Li contributed reporting.
