Check out the companies making headlines before the bell: Under Armour – Retail inventory fell 21% after an American sportswear company announced its first quarter results that missed estimates. Under Armour reported adjusted earnings of 2 cents per share, with fact set consensus estimates below 3 cents per share. It generated $11 billion in revenue, below $1.1 billion, below $1.1 billion. Trade Desk – Stocks fell 33%. Many Wall Street companies, including Bank of America and Moffettnathanson, downgraded their stocks, even after the results of surprisingly strong revenue from trade desks, warning that “some of the world’s biggest brands face pressure from tariffs and inflation,” when CEO Jeff Green called for revenue. Viavi Solutions – Shares rose 20% following the fourth quarter financial results of network testing and equipment manufacturers. According to Factset, Viavi has breached analyst revenue and revenue expectations, induced revenue for the current quarter and revenue exceeding forecasts. Wynn Resorts – Resorts and casino companies have flown more than 1% following the unfortunate second quarter results. Earnings were $1.09 per share, not reaching the expected $1.21 per share, which LSEG voted for. Revenue was $1.74 billion, a consensus estimate of $1.75 billion. YELP – Stocks fell 6% after Restaurant Review Services reduced its full-year revenue guidance from $1.465 billion to $1.475 billion. The company previously sought revenues to land between $1.465 billion and $1.485 billion. The new outlook is also below the FactSet consensus estimate of $1.48 billion. LegalZoom.com – Stocks in artificial intelligence stocks suggest that Bank of America can jump 32%, jumping another 43% from its current level after upgrading its price target by increasing its stock price. Expedia – The travel booking website surged more than 15% after Expedia’s second quarter revenue and revenue exceeded expectations. The company also raised full-year bookings and revenue guidance. MapleBear – The stock of the grocery delivery company that operates as Instacart has earned more than 9% after reporting second quarter results that exceeded expectations. Instacart won 41 cents per share with revenue of $914 million. Analysts voted by LSEG were hoping to earn 38 cents per share with revenues of $896 million. The company also expects the total current quarterly transaction to be higher than analysts expect. Figs – Stocks surged 8% after Scrubs Maker posted second-quarter earnings that beat analyst expectations. Figs reported earnings of 4 cents per share against revenues of $152.6 million. Analysts voted by FactSet predict that earnings per share will be two cents and revenues will be $144.2 million. Block – The Cash App’s parent stock rose 8% after the company raised guidance on gross profits for the full year. In its previous revenue report, Block predicted a total profit of $9.99 billion. Microchip Technology – Shares fell 4% after semiconductor manufacturers issued guidance that did not impress Wall Street. Microchip sought second-quarter adjusted earnings of 30 to 36 cents per share, with factset consensus estimates of 31 cents per share. Revenue is expected to range from $11.1 billion to $1.15 billion against analyst forecasts of $1.13 billion. Pinterest – Visual Media Platform fell 28% after reporting an adjustment of 33 cents per share for the second quarter, missing a consensus estimate of 35 cents per share from analysts voted by LSEG. Revenues were $998 million, exceeding the $975 million that Wall Street was pencil-tightened. SweetGreen – The salad chain sank 28% after second quarter revenue and revenue missed analysts’ expectations. SweetGreen also reduced its full-year revenue guidance from $700 million to $715 million. This is down from previous guidance between $740 million and $760 million. Doxixity – Shares rose almost 9% after Doximity said it was acquiring Startup Pathway Medical for $63 million on Thursday. Medical Network Platform also reported fiscal first quarter results that exceeded estimates. According to LSEG, earnings of 36 cents per share exceeded the consensus estimate of 30 cents. Revenue of $145.9 million has surpassed the consensus estimate of $139.5 million. MP Materials – Rare Earth Material Inventory rose 9% after stronger than expected second quarter revenues. According to Factset, MP Material recorded a loss of 13 cents per share. Revenue of $57.4 million exceeded the consensus estimate of $46.1 million. Monster Beverage – Energy Drink Company shares rose 8% after Monster Beverage broke its second-quarter expectations. The company recorded an adjusted earnings of 52 cents per share against its $21.1 billion revenue. Analysts voted by FactSet were expecting a profit of 48 cents per share against $2.08 billion in revenue. Take-Two Interactive Software – Video game producers added more than 4% after LSEG voted analysts posted their expected fiscal first quarter revenues of $1.31 billion in $1.42 billion. The company also raised forecasts for annual bookings. GILEAD SCIENCES – The stock has won over 4% after Gilead Sciences reported an incredibly strong second quarter results. Adjusted earnings of $2.01 per share exceeded the LSEG consensus estimate of $1.96. Revenue of $7.08 billion is above $6.97 billion. TripAdvisor – The online travel agency’s shares rose more than 3% after posting adjusted earnings of 46 cents per share. Meanwhile, revenues of $529 million have lost expectations. – Reported by CNBC’s Michelle Fox, Alex Hurling and Tanaya Machell.
Stock localities making the biggest move: UAA, Expe, TTD, MP
