Premarket Stock Movers: Top Earnings to Watch Today
Premarket Stock Movers: Top Earnings to Watch Today
A wide range of U.S. listed companies saw notable stock moves following earnings reports, updated guidance, and broader market developments. Below is a company-by-company breakdown explaining what drove recent price action, along with contextual insight into how investors interpreted the data.
Shares of Qualcomm dropped nearly 11% after the chipmaker issued a weaker-than-expected forecast, citing the impact of a global memory shortage. The company said it expects fiscal second-quarter adjusted earnings to fall between $2.45 and $2.65 per share, with projected revenue ranging from $10.2 billion to $11 billion.
By comparison, analysts surveyed by LSEG had been looking for $11.11 billion in revenue and $2.89 per share in earnings, highlighting the gap between expectations and management’s outlook.
Estee Lauder stock fell 12% following the release of its second-quarter results. The cosmetics company reported adjusted earnings of 89 cents per share, exceeding the 84 cents expected by analysts polled by LSEG. Revenue reached $4.23 billion, matching consensus forecasts.
The company also raised its full-year earnings guidance, now projecting $2.05 to $2.25 per share, compared with the $2.16 consensus estimate.
Carrier Global shares declined 6.6% after the company fell short of expectations on both earnings and revenue. The firm reported fourth-quarter adjusted earnings of 34 cents per share, below the 36 cents forecast by analysts, according to FactSet.
Revenue totaled $4.84 billion, compared with the $4.98 billion analysts had anticipated.
Shares of Align Technology, known for its Invisalign products, rose 2.7% after the company exceeded Wall Street expectations for the fourth quarter. Adjusted earnings came in at $3.29 per share, above the LSEG consensus estimate of $2.97.
Revenue reached $1.05 billion, surpassing the $1.03 billion analysts had projected.
Corpay shares climbed nearly 3% after the corporate payments company reported better-than-expected earnings and revenue. Adjusted earnings were $6.04 per share, exceeding the $5.94 estimate from analysts polled by FactSet.
Revenue totaled $1.25 billion, ahead of the $1.23 billion consensus forecast.
Shares of Alphabet, the parent company of Google, fell more than 3%. While the company beat expectations for both earnings and revenue in the fourth quarter, investors reacted to its spending outlook. Alphabet projected capital expenditures for 2026 of between $175 billion and $185 million, representing more than double its 2025 spending levels.
E.l.f. Beauty stock gained 4.8% following an upward revision to its full-year outlook. The company now expects adjusted earnings of $3.05 to $3.10 per share, above the $2.87 estimate from analysts surveyed by FactSet.
Fiscal third-quarter results also exceeded expectations, with adjusted earnings of $1.24 per share, compared with the 72 cents forecast by analysts polled by LSEG. Revenue reached $490 million, topping the $460 million consensus estimate.
U.S.-listed shares of Arm Holdings fell 6.6% after the company issued fourth-quarter guidance that only modestly exceeded expectations. Arm forecast adjusted earnings of approximately 58 cents per share, slightly above the 57 cents projected by analysts polled by LSEG.
For the third quarter, the company reported adjusted earnings of 43 cents per share on revenue of $1.24 billion, compared with expectations of 41 cents per share and $1.22 billion in revenue.
O’Reilly Automotive shares slipped 1% after the auto parts retailer reported fourth-quarter earnings that missed expectations. The company earned 71 cents per share on revenue of $4.41 billion, while analysts surveyed by FactSet had expected 73 cents per share.
Looking ahead to fiscal year 2026, O’Reilly projects earnings between $3.10 and $3.20 per share, below the $3.32 analysts had forecast for the year.
Stocks tied to cryptocurrency trading and exposure moved lower as bitcoin dropped below $70,000. Strategy shares fell 6.2%, while Coinbase declined 4.2% and Robinhood Markets dropped 3.8%.
Bristol-Myers Squibb shares rose 2% after the pharmaceutical company exceeded expectations for both earnings and revenue. The company reported fourth-quarter adjusted earnings of $1.26 per share on revenue of $12.5 billion.
Analysts polled by LSEG had expected $1.12 per share in earnings on $12.28 billion in revenue.
Shares of Tapestry, the parent company of Coach, jumped 7.5% following stronger-than-expected fiscal second-quarter results. Adjusted earnings totaled $2.69 per share, well above the $2.22 consensus estimate from LSEG.
Revenue came in at $2.5 billion, exceeding the $2.32 billion analysts had forecast.
Peloton shares plunged 9% after the connected fitness company reported disappointing fourth-quarter results. The company posted a loss of 9 cents per share on revenue of $657 million.
Analysts surveyed by LSEG had expected a 6-cent loss per share on $674 million in revenue.
Cardinal Health shares edged 1% higher after the healthcare services company beat earnings expectations and raised its full-year outlook. Quarterly adjusted earnings were $2.63 per share, compared with the $2.36 consensus estimate from LSEG.
Revenue totaled $65.63 billion, exceeding the $64.14 billion expected. For the full year, the company now forecasts adjusted earnings of $10.15 to $10.35 per share, up from prior guidance of at least $10.
Hershey stock rose 3% after the candy maker reported fourth-quarter results that topped expectations. The company delivered adjusted earnings of $1.71 per share on revenue of $3.09 billion.
Analysts polled by LSEG had expected $1.40 per share in earnings and $2.98 billion in revenue.
Recent earnings reports triggered sharp stock movements across technology, consumer, healthcare, and crypto-related sectors. While several companies delivered earnings and revenue beats, forward guidance, cost pressures, and broader market trends played a key role in shaping investor reactions.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. Financial markets involve risk, and readers should conduct their own research or consult a qualified professional before making investment decisions.
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