Check out the companies that make headlines in pre-market transactions. Cava – The rapid casual restaurant chain plunged 23.6% after revenue hit $280.6 million in the second quarter. The company also missed expectations for sales in the same store and lowered its forecast. However, Cava scored 16 cents per share in the quarter, surpassing Wall Street’s 13 cent estimate. CoreWeave – Artificial Intelligence Infrastructure Providers fell by around 9% despite posting revenues that exceeded their second quarter’s forecast. In a revenue call with analysts, CFO Nitin Agrawal said revenue growth is still constrained as supply and demand is being supplied. Circle – Stablecoin issuer’s shares fell 1.5%. The circle said it would provide 10 million shares to the public. Brinker International – Chilean parents raised 8.8% on revenue beats that exceeded their fourth quarter expectations. Brinker earned $2.49 per share excluding items against revenue of $1.43 billion. Analysts surveyed by LSEG had predicted a profit of $2.45 per share against $13.9 billion in revenue. Hanesbrands – The clothing manufacturer’s stock fell 7.5% after a roughly 28% spike in session on Tuesday. Hanesbrands said it has agreed to a $4.4 billion acquisition agreement by Canada-based Gildan Activewear. The Financial Times first reported on the transaction on Tuesday. V2X – Defense stocks rose 5.2% behind Bank of America upgrades to buy from Neutral. The bank said V2X is sustainable and should see a level of growth that can accelerate over the next few years. Palo Alto Networks – Cybersecurity stocks rose 1.7% directly to purchases from Deutsche Bank upgrades. Germany said Palo Alto has a solid core business and management. SailPoint – Following an upgrade by JPMorgan, ID’s security stock has earned 7%. The bank said investors should buy stock dip. Kindercare Learning Companies – Shares plummeted nearly 20% after daycare operators reported unfortunate second quarter results. Kindercare posted a profit of 22 cents per share with revenue of $700 million. According to FactSet, this is lower than analysts’ forecast of 26 earnings per share and $755 million. Following the results, Barclays downgraded the stock from overweight to equal weight. – CNBC’s Sean Conlon and Sarah Min contributed the report
The biggest moves stock localities: Cava, CRWV, EAT, HBI
