Several companies experienced significant movements in premarket trading. Planet Fitness saw a 7% drop in shares after reporting a revenue miss for the first quarter and issuing disappointing guidance for the year. On the other hand, Robinhood shares rose over 5% following record earnings in the first quarter. Warner Bros. Discovery stock fell 4% after reporting a larger-than-expected loss for the quarter. Yeti, however, surged 12% after beating Wall Street expectations and raising its full-year guidance.
Arm, the British chip designer, saw its shares drop nearly 7% despite posting better-than-expected fourth-quarter results. Klaviyo shares popped almost 9% following the company’s quarterly report, which guided for higher revenue than expected by analysts. Airbnb shares sank over 7% after offering disappointing guidance despite beating first-quarter expectations. AppLovin moved 15% higher after reporting earnings and revenue beats postmarket. SolarEdge shares tumbled more than 8% premarket after posting a wider-than-expected loss for the first quarter.
AMC Entertainment shares fell 4% after reporting declines in revenue and attendance for the first quarter. Duolingo stock shed 14% after providing second-quarter revenue guidance that fell short of expectations. Bumble shares jumped 11% following an earnings and revenue beat postmarket. Krispy Kreme moved 2% higher after reporting first-quarter revenue that topped estimates. Warby Parker advanced 14% on stronger-than-expected earnings in the first quarter. Tapestry shares shed 3% after reporting lower-than-expected revenue for the third quarter and cutting its full-year revenue estimate.
Lastly, Roblox shares tanked more than 28% after the video game developer posted first-quarter bookings that fell short of Wall Street estimates and slashed its annual forecast. For the full year, Roblox now expects bookings to range between $4 billion and $4.10 billion, down from prior guidance and analysts’ estimates. The various movements in premarket trading reflect the mixed performance of companies across different sectors, with some exceeding expectations and others falling short. Investors closely monitor such movements to make informed decisions on their investment strategies based on the latest news and financial results.
