Check out the companies that make headlines before the bell. Starbucks – The coffee chain jumped over 4% after CEO Brian Nicole said the company’s conversion plans were ahead of schedule. In addition, Starbucks reported revenue of $9.5 billion for the third quarter, breaking the LSEG consensus estimate of $93.1 billion. HSBC – Shares fell nearly 2.6% after HSBC missed second-quarter profit expectations, primarily due to losses in Chinese bank interests and revenues from companies disposed of in the first half of 2024. Novo Nordisk – The Danish drug giant’s shares slide almost 4%, extending double-digit slides on Tuesday, citing hopes for US late sales growth for the blockbuster Wegovy obesity drug after the company cut its full-year guidance. Novo Nordisk has announced a new CEO to revive the decline in sales and tackle increasing competition. Bank of America has downgraded its stocks to neutral. Teladoc Health – Shares rose 2.3% after Telehealth Provider announced its second quarter results. Teladoc Health reported a loss of 19 cents per share, narrower than the loss of 26 cents per share predicted by analysts voted by FactSet. Revenue of $631.9 million exceeded the consensus estimate of $622.6 million. Mondelez International – The snack and confectionery maker slipped 1% after posting organic growth and total margins that did not meet analyst expectations for the second quarter. However, Monderes reported second quarter revenue and revenue prior to the Wall Street consensus. QORVO – The semiconductor company has won nearly 10% after the company’s guidance has surpassed expectations. Qorvo expects adjusted earnings of $2 per share against revenues of approximately $1.025 billion for the second quarter. Analysts voted by LSEG predicted guidance of $1.61 per share and $957 million in revenue. The first quarter results also violated analyst estimates. LENDINGCLUB – Online bank stocks have collected over 23% against the backdrop of strong financial results in the second quarter, increasing the value of loan origination by 32% compared to a year ago. LendingClub posted a profit of 33 cents per share on its $248.4 million revenue, but analysts voted by LSEG were hoping to earn 15 cents per share on its $228 million revenue. VISA – Credit card companies saw shares with a 1.5% decline in stock after reaffirming their guidance for double-digit net revenue growth for the full year of 2025. However, Visa beat expectations at the top and bottom line in the third quarter. PELOTON – The exercise equipment manufacturer jumped nearly 7% after UBS upgraded its stock to buy from neutral, indicating it could almost double its current level. – CNBC’s Lisa Han, Alex Harring, Yun Li, Sarah Min and Michelle Fox contributed the report.
