Stocks Making the Biggest Premarket Moves: Pinterest, Match Group, Advanced Micro Devices and More

Here are some notable companies making headlines before the market opens:

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DuPont: Shares of DuPont surged by 5% after the company reported second-quarter results that exceeded expectations. The chemical manufacturer posted earnings of 97 cents per share, excluding specific items, on revenue of $3.17 billion. Analysts had predicted a profit of 85 cents per share on $3.05 billion in revenue, according to LSEG. DuPont also upgraded its full-year earnings and revenue guidance.

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Intel: Intel's stock climbed over 2% following a Bloomberg report indicating that the semiconductor giant plans to announce substantial job cuts soon.

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Microsoft: Shares of Microsoft fell by 3% after the tech giant reported disappointing cloud computing results. Although the company delivered stronger-than-expected earnings and overall revenue, revenue for Azure and other cloud services grew by 29%, which fell short of the 31% estimate.

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Advanced Micro Devices (AMD): AMD's shares jumped nearly 9% after the chipmaker's earnings and revenue surpassed analysts' predictions. AMD reported adjusted earnings of 69 cents per share, slightly above the 68 cents expected by analysts surveyed by LSEG. Revenue came in at $5.84 billion, exceeding the $5.72 billion consensus estimate. Additionally, shares of Nvidia and ASML Holding each rose by about 7% following AMD’s report.

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Arista Networks: The computer networking company saw a 5% increase in its share price after beating Wall Street expectations on both earnings and revenue. Arista reported second-quarter adjusted earnings of $2.10 per share on revenue of $1.69 billion, surpassing the $1.95 per share on $1.65 billion in revenue that analysts had forecast.

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Pinterest: The social media company’s stock dropped 11% after issuing forward guidance that fell short of estimates. Pinterest's third-quarter revenue guidance was between $885 million and $900 million, below the $908.6 million consensus estimate from FactSet. However, second-quarter earnings and revenue were above expectations, according to LSEG.

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Starbucks: Shares of the coffee chain rose by 4% after the company maintained its full-year outlook. Despite a drop in net sales for the fiscal third quarter to $9.11 billion, which was below the $9.24 billion estimate by LSEG analysts, Starbucks reported adjusted earnings of 93 cents per share, aligning with Street expectations.

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Skyworks Solutions: The semiconductor company's stock fell by 1% after reporting fiscal third-quarter adjusted earnings of $1.21 per share, which did not meet expectations. However, revenue of $906 million exceeded the FactSet consensus of $900.4 million.

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Upstart: The lending platform's stock increased by 6% after Mizuho upgraded its rating from underperform to outperform. Analyst Dan Dolev predicts a 19% rally from Tuesday’s close, citing an improving risk profile among borrowers and lower interest rates as key catalysts.

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Boeing: Boeing's shares rose by 2% after announcing a new CEO. Former Collins Aerospace CEO Kelly Ortberg will replace Dave Calhoun. Despite this leadership change, Boeing reported a second-quarter loss of $2.90 per share, which was wider than the expected loss of $1.97 per share according to LSEG.

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Live Nation Entertainment: The entertainment company's stock remained relatively unchanged after posting second-quarter revenue that matched expectations. Earnings per share of $1.03 fell short of the $1.07 estimated by analysts polled by LSEG.

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AutoNation: The car dealership's stock was steady after reporting second-quarter revenue of $6.48 billion, which was lower than the $6.72 billion expected by analysts according to LSEG. The company's earnings were likely impacted by a recent cyber incident in its dealer management system.

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Humana: Shares of the health insurer dropped more than 7% as lackluster earnings guidance overshadowed better-than-expected second-quarter results. Humana reiterated its full-year bottom-line forecast of about $16 per share, while analysts had anticipated $16.34 per share. Second-quarter earnings of $6.96 per share, excluding items, and revenue of $29.38 billion topped expectations.

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Kraft Heinz: The food company's shares rose slightly after reporting second-quarter earnings that beat estimates. However, revenue of $6.48 billion was below the $6.55 billion expected by FactSet analysts.

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Marriott International: The hotel chain's shares fell by 4% after reporting second-quarter revenue of $6.44 billion, below the $6.47 billion expected by FactSet analysts. However, Marriott’s adjusted earnings of $2.50 per share topped the forecast of $2.47 per share.

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T-Mobile: Shares of T-Mobile rose 3.2% premarket after the mobile network operator exceeded second-quarter estimates. The company reported earnings of $2.49 per share on revenue of $19.77 billion, compared to the LSEG forecast of $2.28 per share and $19.55 billion in revenue. T-Mobile also raised its full-year customer addition forecast.

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Match Group: The owner of Tinder saw its shares surge by 9% after posting second-quarter revenue of $864 million, above the $856.5 million estimate by FactSet. Match announced plans to discontinue live-streaming services in its dating apps and sunset Hyperconnect’s Hakuna app.

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Vistra: Shares of the Texas-based power company jumped 13% after receiving a 20-year license extension from the Nuclear Regulatory Commission to operate its Comanche Peak Nuclear Power Plant through 2053.

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Constellation Energy: The energy company's shares rose nearly 12% after PJM, the mid-Atlantic grid operator, cleared 17.6 gigawatts of power capacity from Constellation for 2025-2026. Constellation operates the largest nuclear fleet in the U.S., and its stock is up 44% this year due to rising power demand from AI providers and data centers.

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Bunge: The food company's shares slipped by 6.5% after reporting an 88% drop in net income to $70 million for the second quarter, down from $622 million a year ago. CEO Greg Heckman mentioned that while some regions have seen improved market conditions, there remains limited visibility for the latter part of the year.

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