Stocks making the biggest moves premarket: Match Group, CVS, Paycom and more

9 months ago 57

The Match.com website is shown connected an Apple iPhone.

Andrew Harrer | Bloomberg | Getty Images

Check retired the companies making headlines earlier the doorbell Wednesday.

CVS Health — Shares of the retail pharmacy elephantine roseate 1.8% premarket aft the institution posted beardown earnings and gross for the 2nd quarter. CVS reported net of $2.21 per stock connected gross of $88.9 billion. Wall Street analysts expected $2.11 per stock connected net of $86.5 billion, according to Refinitiv.

related investing news

ON Semiconductor banal  pops aft  second-quarter earnings. Here's what the pros are saying

CNBC Pro

Kraft Heinz — The nutrient and beverage banal dipped 1% earlier the doorbell aft reporting mixed quarterly results that fell abbreviated of Wall Street's gross expectations. Kraft Heinz posted adjusted net of 79 cents a share, excluding items, connected gross of $6.72 billion.

Norwegian Cruise Line — The banal fell 3.2% successful premarket trading aft the institution posted its net results Tuesday, which indicated weaker-than-expected guidance for the 3rd quarter. The cruise vessel relation topped Wall Street's estimates, however. On Wednesday, Susquehanna downgraded its standing connected Norwegian shares to neutral from positive. It maintained its terms people of $17, which suggests a 12.4% downside from Tuesday's close. 

SolarEdge Technologies — The star banal fell 13.4% aft the institution missed gross expectations successful its 2nd quarter, reporting $991 cardinal compared with the expected $992 cardinal from analysts polled by Refinitiv. The institution bushed net estimates, however, coming retired higher than the $2.52 per-share estimation astatine an adjusted $2.62 per share.

Robinhood — Shares of the retail brokerage moved 2% little up of quarterly results owed aft the closing bell. Analysts polled by FactSet are forecasting a tiny quarterly nonaccomplishment of 1 cent.

Freshworks — Shares of the bundle arsenic a work institution popped much than 16% aft Freshworks posted second-quarter gross of $145.1 million, beating analysts' expectations of $141.4 cardinal arsenic gauged by FactSet. The institution besides reported net per stock of 7 cents, surpassing Wall Street's estimation of 2 cents. Canaccord Genuity expert David Hynes upgraded the banal to bargain from hold and accrued his terms people to $25 from $15, citing Freshworks' second-quarter operating margins and improved selling and income efficiency.

AMD — The spot banal climbed much than 2% successful premarket trading aft the institution posted better-than-expected second-quarter net and revenue. The company's income forecast for the 3rd 4th was weaker than expected, however.

Match Group — The Tinder and Match genitor jumped 10% connected a beardown second-quarter net report. Match bushed Wall Street expectations for some the apical and bottommost lines and said current-quarter gross should travel successful supra the statement estimation of analysts, according to Refinitiv. BTIG upgraded the banal to bargain from neutral pursuing the report.

Humana — The wellness insurer added 5.6% aft reporting second-quarter adjusted net per stock of $8.94, topping the $8.76 anticipated by analysts, per StreetAccount. The institution besides forecast its Medicare Advantage concern volition turn by astir 825,000 members this year.

Starbucks — Shares of the java concatenation dipped much than 1% aft Starbucks reported lighter-than-expected sales for its fiscal 3rd quarter. The institution reported $1 successful adjusted net per stock connected $9.17 cardinal of revenue. Analysts surveyed by Refinitiv were looking for 95 cents connected net per stock but $9.29 cardinal of revenue. The miss came adjacent arsenic aforesaid store income boomed successful China.

— CNBC's Tanaya Macheel, Alex Harring, Yun Li, Jesse Pound, Samantha Subin, Brian Evans and Michelle Fox Theobald contributed reporting.

Read Entire Article