Check out the companies making headlines in premarket trading. Eli Lilly — The drug maker's stock surged 8% in premarket trading after the firm reported second-quarter earnings and revenue that blew past expectations. Eli Lilly also hiked its full-year revenue outlook by $3 billion as sales of its blockbuster diabetes drug Mounjaro and weight loss injection Zepbound spike. Under Armour — The athletics apparel stock popped 6% after posting a surprise profit of 1 cent per share.
Analysts polled by LSEG were anticipating 14 cents earned per share and $108 million in revenue. SolarEdge Technologies — The solar power products maker plunged nearly 15.9% as the stock was weighed down by its second-quarter earnings. SolarEdge reported an adjusted quarterly loss of $1.79 per share, which was wider than the loss of $1.58 per share analysts polled by LSEG had called for.
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