{"id":6031,"date":"2023-11-02T12:55:09","date_gmt":"2023-11-02T12:55:09","guid":{"rendered":"https:\/\/connectwithfund.com\/news\/stocks-making-the-biggest-moves-premarket-starbucks-shopify-roku-and-more\/"},"modified":"2023-11-02T12:55:11","modified_gmt":"2023-11-02T12:55:11","slug":"stocks-making-the-biggest-moves-premarket-starbucks-shopify-roku-and-more","status":"publish","type":"post","link":"https:\/\/connectwithfund.com\/?p=6031","title":{"rendered":"Stocks making the biggest moves premarket: Starbucks, Shopify, Roku and more"},"content":{"rendered":"<div>\n<div data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-6-2\">\n<p><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"xyz-data\">Check out the companies making headlines before the bell. Starbucks \u2014 Shares of the coffee giant jumped 5.6% after Starbucks&#8217; quarterly earnings and revenue exceeded analysts&#8217; expectations. The company&#8217;s same-store sales also rose by 8%, driven by higher average checks and a 3% increase in customer traffic to Starbucks cafes. Domestic locations outperformed. SolarEdge \u2014 The solar stock plunged 16.6% after SolarEdge posted dismal third-quarter results and drastically lowered its outlook for the current quarter&#8217;s revenue. SolarEdge was downgraded on Thursday by multiple firms, including Truist, BMO Capital Markets and Guggenheim. Shopify \u2014 Shares skyrocketed 17.2% after Shopify&#8217;s earnings raced past Wall Street&#8217;s expectations. The company reported third-quarter earnings of 24 cents per share, excluding items, on revenue $1.71 billion. Analysts polled by FactSet expected earnings of 15 cents per share on revenue of $1.67 billion. Qualcomm \u2014 Shares of the wireless tech company gained 5.6% after Qualcomm surpassed analysts&#8217; revenue and earnings estimates in its fiscal fourth quarter. Palantir \u2014 Shares popped 14% after the company posted better-than-expected third-quarter numbers and raised its revenue guidance to between $2.216 billion and $2.22 billion for the full year. DoorDash \u2014 The food delivery company rallied 11% after posting better-than-expected quarterly results. DoorDash reported a loss of 19 cents per share on $2.16 billion in revenue. Analysts had been expecting a loss of 40 cents per share on $2.09 billion revenue, according to LSEG. Uber , Lyft \u2014 Shares of the rideshare companies rose after Uber and Lyft agreed to pay a total of $328 million to settle wage-theft allegations from drivers in New York state. Uber rose 3.8% while Lyft added 2.5%. Roku \u2014 The streaming video platform stock surged 18% after Roku&#8217;s third-quarter revenue and fourth-quarter guidance topped expectations. The company generated $912 million in revenue, compared to the $855 million predicted by Wall Street analysts, according to LSEG, as active accounts rose above 75 million. Roku&#8217;s fourth-quarter guidance for revenue and a key profitability metric also topped expectations, according to Street Account. Peloton \u2014 Shares of Peloton plunged about 6.4% in premarket trading after the company reported a larger-than-expected quarterly loss of 44 cents per share on revenue of $595.5 million, while analysts polled by LSEG had called for 34 cents per share on revenue of $591 million. The company also gave a tepid holiday forecast. Airbnb \u2014 Shares of the vacation rental platform shed 1.7% in early trading after the company announced that its fourth-quarter revenue will range between $2.13 billion to $2.17 billion, falling short of a consensus FactSet analysts&#8217; estimate of $2.18 billion. Airbnb&#8217;s booked nights in the fourth quarter will moderate compared to the prior three-month period, the company said. Moderna \u2014 Shares sank nearly 7% after the drugmaker reported a steep earnings loss for the third quarter. Moderna said it had a large write-down because of unused Covid vaccines. Clorox \u2014 Clorox shares soared by 11.7% after the consumer goods company exceeded on fiscal-first quarter revenue numbers, posting revenue of $1.39 billion while analysts had called for estimates of $1.31 billion. e.l.f. Beauty \u2014 The cosmetics and skincare company popped 14.2% after surpassing Street expectations and raising its full-year guidance for the second quarter in a row. For the second fiscal quarter, e.l.f. Beauty posted 82 cents in adjusted earnings per share and $215.5 million in revenue, while analysts surveyed by LSEG had forecast 53 cents on revenue of $197.1 million. \u2014 CNBC&#8217;s Hakyung Kim, Jesse Pound and Michelle Fox Theobald contributed reporting.<\/span><\/span><\/span><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.cnbc.com\/2023\/11\/02\/stocks-making-the-biggest-moves-premarket-sbux-shop-roku.html\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Check out the companies making headlines before the bell. Starbucks \u2014 Shares of the coffee giant jumped 5.6% after Starbucks&#8217; quarterly earnings and revenue exceeded analysts&#8217; expectations. The company&#8217;s same-store sales also rose by 8%, driven by higher average checks and a 3% increase in customer traffic to Starbucks cafes. Domestic locations outperformed. SolarEdge \u2014 The solar stock plunged 16.6% after SolarEdge posted dismal third-quarter results and drastically lowered its outlook for the current quarter&#8217;s revenue. SolarEdge was downgraded on Thursday by multiple firms, including Truist, BMO Capital Markets and Guggenheim. Shopify \u2014 Shares skyrocketed 17.2% after Shopify&#8217;s earnings raced<\/p>\n","protected":false},"author":1,"featured_media":6032,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":["post-6031","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stocks making the biggest moves premarket: Starbucks, Shopify, Roku and more | ConnectWithFund<\/title>\n<meta name=\"description\" content=\"Check out the companies making headlines before the bell. 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