Introduction
The pre-market session is a critical time for investors, as it reveals early signals of market sentiment. This article highlights key stocks making headlines in pre-market trading, driven by earnings reports, strategic moves, and broader market trends. From tech leaders to consumer brands, these moves could reshape investor confidence and opportunities.
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Tech and Innovation Leaders
Shopify
Shares of Shopify surged 8.7% amid strong first-quarter revenue, hitting $2.36 billion, exceeding analysts’ $2.33 billion estimate. The company’s full-year guidance projects operating expenses at 39%-40% of revenue and a mid-teens free cash flow profit margin, signaling robust growth. This performance aligns with the broader trend of tech platforms adapting to AI-driven commerce.
AppLovin
AppLovin’s stock climbed 14.7% as it reported $1.67 per share on $1.48 billion in revenue, outpacing expectations. The AI-powered marketing platform also announced the sale of its mobile gaming division, signaling a strategic shift toward core business growth.
Skyworks Solutions
Despite a strong earnings report, Skyworks fell 2.2% as it reported adjusted earnings of $1.24 per share on $953 million in revenue. The stock’s 36% gain in the past month underscores investor confidence in its semiconductor business.
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Consumer and Retail Giants
Tapestry
Tapestry’s shares rose 8.4% due to stronger-than-expected fiscal third-quarter earnings of $1.03 per share, excluding one-time items. The company’s $1.58 billion revenue beat analyst estimates, highlighting its resilience in the affordable luxury sector.
Peloton
Peloton’s stock dropped 3.3% after reporting a $12.15 per share loss, surpassing Wall Street’s 6-cent per-share forecast. Despite a $624 million revenue beat, the decline reflects ongoing challenges in the digital workout market.
Warby Parker
Warby Parker’s shares fell 4.4% as first-quarter revenue of $224 million missed analyst estimates of $225 million. The eyewear company slashed its annual sales outlook, signaling reduced consumer demand.
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**Semiconductors
Source: EODHD
