Stocks making the biggest moves premarket: Hershey, Meta Platforms, Arm Holdings, Shake Shack and more

Check out the companies making headlines in premarket trading. Hershey — Shares were down 7% in the premarket after the chocolate maker posted second-quarter results that missed analyst expectations. The company earned $1.27 per share on revenue of $2.07 billion. Analysts polled by LSEG expected a profit of $1.43 per share on revenue of $2.31 billion.

Moderna — Shares tumbled nearly 11% after the drugmaker cut its full-year sales guidance before the bell. Moderna said it expects competition for respiratory vaccines in the U.S, lower sales in Europe and the potential for deferred international revenue. However, the company reported a revenue beat for the second quarter and narrower-than-expected loss per share. Arm Holdings — The chipmaker slid more than 9% after a disappointing earnings forecast for the fiscal second quarter.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves after hours: Meta Platforms, Qualcomm, Arm Holdings and moreSee which stocks are posting big moves after the bell.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves premarket: Alphabet, Tesla, Texas Instruments, Meta Platforms and moreThese are the stocks posting the largest moves in premarket trading.
Source: CNBC - 🏆 12. / 72 Read more »

Thursday's analyst calls: Meta Platforms earnings reaction, GE spinoff gets big upgradeA tech giant and an energy spinoff were among the stocks being talked about by analysts on Thursday.
Source: CNBC - 🏆 12. / 72 Read more »