Check out the companies that make headlines in pre-market transactions. McDonald’s – Fast Food giant stocks earned more than 4% after its second quarter results surpassed analyst estimates. McDonald’s won $3.19 per share, adjusted for revenue of $6.844 billion. Analysts voted by LSEG were looking for $3.15 per share in profits and $6.7 billion in revenue. Walt Disney – The media and entertainment giants slipped over 1% behind the quarterly mixed results. Third quarter revenue was $23.65 billion, excluding the $23.73 billion estimate from LSEG. Adjusted revenue was $1.61 per share, exceeding the consensus estimate of $1.47. SNAP – Stocks on social media platforms pulled back nearly 18% after second quarter revenue missed analyst estimates. The company reported revenue of $1.34 billion, with analysts voted by LSEG looking for $1.35 billion. Arista Networks – Shares in the network equipment company rose 13% on pre-market market shares following the expected second-quarter results, which are expected to be more than expected. Arista Networks earned an adjusted 73 cents per share with $2.2 billion in revenue, while analysts voted by LSEG were looking for revenues of 65 cents per share and revenue of $6.1 billion. Opendoor Technologies – Stock in Online Residential Property Stocks plummeted more than 21% after issuing a weaker than expected third-quarter outlook. Opendoor said revenues are expected to range from $800 million to $875 million, but the analysts voted by Factset are looking for $1.2 billion. Stock prices have been hit record trading volumes in recent months, with stock prices soaring over 36% so far in August. Uber Technologies – Stock fell 0.5%. The ride company reported second-quarter revenue of 63 cents per share, in line with consensus estimates. The expected revenue of $12.65 billion for analysts voted by LSEG exceeded $12.466 billion. Advanced Micro Devices – Chipmaker stocks fell more than 6% after a disappointing second quarter revenue report. Adjusted earnings of 48 cents per share were shy about LSEG estimates. The company tracks Nvidia in the market for graphics processing units or GPUs. Rivian Automotive – Shares in the electric vehicle company fell 7% as second quarter results missed analyst estimates. Libian reported an over-expected loss of 80 cents per share, adjusted. Analysts voted by LSEG were looking for an adjusted loss of 65 cents per share. SkyWorks Solutions – Wireless Networking Stock stocks rose nearly 1% after a more than expected fourth quarter outlook. Skyworks said it expects revenues of $1.03 billion to $1.03 billion, but analysts surveyed in LSEG’s forecasts expect it to be $887 million. SkyWorks also predicts that it adjusted its fourth-quarter earnings of $1.40 per share while analysts were looking for 97 cents. Upstart Holdings – The artificial intelligence-powered lending market lost almost 2% despite providing strong revenue reports and outlook. Upstart has scored 36 cents adjusted to $257 million per share, breaking its LSEG consensus forecast of 26 cents per share and estimates of $225 million. Hinge Health – Shares surged more than 10% after quarter revenues were strengthened beyond expectations. Hinge Health reported revenue of $139 million, but analysts surveyed by LSEG were looking for $125 million. The result is Hinge Health’s first quarter printing as a public company. Lucid Group – EV stocks rose 3% despite adjusting production outlook for 2025. Lucid plans to produce between 18,000 and 20,000 vehicles compared to previous 20,000 forecasts. 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 expected. BridgeBio lost 95 cents per share compared to its FactSet forecast, which is a loss of 79 cents per share. Super Microcomputer – Server Stock plunged 17% after a weaker than expected four quarter results. Super Micro scored 41 cents per share with revenue of $5.76 billion, while analysts voted by LSEG were looking for revenue of $44 cents per share and $5.89 billion. The company’s first quarter outlook also missed analyst estimates. Match Group – Online Dating Services stocks have gone to almost 7% after publishing a quarter revenue outlook that exceeded expectations. Match Group expects revenues to be between $910 million and $920 million for the current quarter, but analysts voted by LSEG were looking for $890 million. – Reported by CNBC’s Alex Hurling, Michelle Fox, Yun Lee and Sarah Min.
