Check out the companies making the biggest pre-market moves: Seagate Technology — Data storage stock rose nearly 18%. Seagate expects fiscal fourth quarter sales of $3.45 billion plus or minus $100 million and adjusted earnings of $5 plus or minus 20 cents per share. By comparison, LSEG was expecting earnings of $3.97 per share and revenue of $3.16 billion. Third quarter results exceeded expectations for both sales and bottom line. Memory stocks — Seagate’s gains also boosted other stocks in the memory group. Western Digital soared more than 10%. SanDisk rose 7.5% and Micron rose more than 4%. Booking Holdings — Shares fell about 4.5% after the travel technology platform lowered its full-year adjusted earnings per share growth rate from the previously expected “low-teens” to “low-to-mid-teens,” citing the delayed impact of the Middle East conflict until the end of June. However, Booking had the best performance in both sales and bottom line in the first quarter. In line with this, Expedia Group’s stock price fell by about 3%. Mondelez International — The maker of Oreo cookies and Sour Patch kids candy reported first-quarter adjusted profit of $10.08 billion or 67 cents per share, an increase of 1.5%. Analysts polled by FactSet had expected earnings of 61 cents a share and revenue of $9.75 billion. Humana — The company’s stock price fell about 4.5% even though the company reported higher earnings and revenue in its first quarter report. Humana had earnings of $10.31 a share and revenue of $39.65 billion, compared to expectations of earnings of $10.20 a share and revenue of $39.37 billion, according to analysts surveyed by FactSet. Although the company’s 2026 earnings outlook was reaffirmed with the above forecast, the full-year earnings outlook was lower than expected. Robinhood — The trading app maker’s stock price fell nearly 10% after the company reported weaker-than-expected first-quarter results. Robinhood posted earnings of 38 cents per share on revenue of $1.07 billion. LSEG’s consensus estimate was for 43 cents per share, or $1.18 billion. Starbucks — The coffee chain soared 4% after Starbucks raised its full-year outlook. The company expects global and U.S. same-store sales to increase at least 5% in fiscal 2026, up from an earlier forecast of 3%. Starbucks also raised its adjusted earnings estimate to a range of $2.25 to $2.45 per share, up from the previous estimate of $2.15 to $2.40 per share. Enphase Energy — The maker of solar microinverters fell more than 7%. Enphase’s first-quarter results barely beat Wall Street expectations, with adjusted earnings per share of 47 cents and revenue of $282.9 million. FactSet consensus estimates had called for 43 cents per share and revenue of $282.3 million. Revenue guidance for the quarter ranged from $280 million to $310 million, with the FactSet consensus at $294.9 million. Teradyne — Teradyne, a supplier and manufacturer of robotics products, saw its stock fall 6% after reporting first-quarter results. Teradyne reported earnings of $2.56 per share and revenue of $1.28 billion, compared to expected earnings of $2.11 and revenue of $1.2 billion. The stock has risen 400% in the past year, although investors sold off after the positive press. NXP Semiconductors — According to LSEG, the semiconductor maker soared more than 18.5% after reporting first-quarter adjusted earnings of $3.05 per share, above the $2.95 expected by analysts. NXP’s revenue of $3.18 billion also exceeded expectations of $3.16 billion. The company also expects operating income, revenue and adjusted earnings for the current quarter to be in the range of above FactSet consensus estimates. Visa — The credit card payment giant’s stock rose nearly 5%. Adjusted earnings per share in the second quarter were $3.31 and revenue was $11.23 billion, exceeding analyst expectations. LSEG consensus was for earnings of $3.10 per share and revenue of $10.74 billion. Generac — Shares rose 10% after the energy technology company reported first-quarter earnings results with higher sales and bottom line results, reporting earnings of $1.80 per share and revenue of $1.06 billion. Analysts polled by FactSet had expected earnings of $1.33 per share and revenue of $1.05 billion. Capital expenditures were $89.9 million, well above estimates of $39.8 million, according to StreetAccount. OI Glass — The glass maker plunged 20% after lowering its full-year earnings outlook to a range of $1.65 to $1.90 per share, compared to its previous estimate of $1.65 to $1.90 per share. By comparison, the FactSet consensus is $1.67 per share. Adjusted earnings for the quarter also fell short of expectations, coming in at just 5 cents per share, compared to the 11 cents per share that people had been looking for. Rush Street Interactive — Shares rose 16% after the online casino and sports betting operator reported higher revenue and bottom line results for the first quarter. The company also raised its full-year sales and adjusted EBITDA forecasts, beating analysts’ expectations, according to FactSet. Bloom Energy — Renewable energy stocks soared 19% after Bloom Energy reported better-than-expected adjusted earnings and revenue for its latest quarter. LSEG said the company also expects full-year sales and adjusted earnings to be in a range above analysts’ expectations. Brown-Forman — Shares of the Jack Daniel’s whiskey maker fell 5% after the company announced it had concluded merger talks with Pernod Ricard. Brown-Forman said in a statement that the two companies were unable to reach mutually agreeable terms. Avis Budget Group — The rental car company fell nearly 13% after its first-quarter earnings report reported adjusted EBIDTA of $113 million, below expectations of $185 million, according to analysts surveyed by FactSet. Earnings per share were also significantly lower at $8.01 compared to a year ago, when the company reported earnings per share of $14.35. UBS — The Swiss bank soared 5% after revealing in its first-quarter financial report that net profit attributable to shareholders rose 80% year-on-year. UBS also said it plans to buy back shares worth $3 billion before its next earnings report. Evercore — Shares of the investment bank rose 2% after it reported stronger earnings and revenue in its first-quarter report. Evercore had earnings of $7.53 per share and adjusted net sales of $1.4 billion, compared with analyst estimates compiled by FactSet of $543 million and $1.17 billion, respectively. Yum Brands — The restaurateur rose 1% after reporting an 8% increase in same-store sales in the first quarter. Yum reported earnings of $1.50 per share and revenue of $2.06 billion, compared to expectations for earnings of $1.50 per share and revenue of $2.06 billion, according to LSEG. SoFi Technologies — This digital financial services company fell 8% despite releasing an inline earnings report. In the first quarter, SoFi earned 12 cents per share on adjusted net revenue of $1.09 billion. The current quarter and full-year outlook was also broadly in line with consensus expectations. Etsy — Shares rose nearly 8% after reporting first-quarter adjusted EBITDA of $184.7 million. Analysts polled by FactSet had expected $176.6 million. Sales also exceeded expectations at $631.3 million. Guidance for the quarter was in line with expectations.
