Check out the companies making headlines before the bell: Trump Media & Technology Group — Shares of President-elect Donald Trump’s media company fell another 4.6% in premarket trading after falling 23% in premarket trading. It fell. The stock, which trades under the ticker “DJT” after Mr. Trump’s initials, gave up Wednesday’s rally sparked by Mr. Trump’s election victory. As of Thursday’s close, the stock had fallen more than 9% since the beginning of the week. Upstart — The artificial intelligence-focused lending market soared 20% after third-quarter results beat Wall Street expectations. Upstart’s loss for the quarter, excluding items, was 6 cents a share, much smaller than the 15 cent loss expected by analysts, according to LSEG. The company’s revenue was $162 million, beating the consensus estimate of $150 million. Upstart also announced better-than-expected revenue guidance for the current quarter. Pinterest — Shares fell about 12.6% after the online image-sharing platform released disappointing fourth-quarter guidance. The company expects sales to be between $1.125 billion and $1.145 billion. The midpoint of that guidance, $1.135 billion, was below consensus. BLOCK — Shares fell 2.7% after the financial technology platform missed third-quarter earnings. Block’s revenue was $5.98 billion, below the $6.24 billion expected by analysts surveyed by LSEG. However, adjusted earnings per share slightly exceeded Street expectations. Airbnb — Shares fell 7.3% after mixed quarterly results. Airbnb beat revenue expectations, but earnings were 1 cent per share less than expected. DraftKings — The sports betting stock fell 5.3% on weak third-quarter revenue and outlook. DraftKings expects adjusted earnings before interest, taxes, depreciation and amortization to be in the range of $240 million to $280 million, compared to LSEG’s estimate of $340 million. USD to less than $420 million. Sweetgreen — The salad chain fell 16.5% following poor third-quarter results. Sweetgreen posted a loss of 18 cents per share on revenue of $173 million, while analysts surveyed by LSEG expected a loss of 13 cents per share and revenue of $175 million. I expected it to shrink. Toast — Shares of the restaurant management platform rose 14.2% on strong third-quarter results and guidance. Looking ahead, Toast said he expects fourth-quarter adjusted EBITDA to be between $90 million and $100 million, even though analysts surveyed by StreetAccount expected just $74.8 million. . Arista Networks — The computer networking company fell 4.9% despite reporting strong financial results and announcing a 4-for-1 stock split. Arista had adjusted earnings per share of $1.81 billion and sales of $1.81 billion in the third quarter, compared to analyst estimates compiled by LSEG for earnings of $2.08 per share and sales of $1.7 billion. It was $40 million. Earnings forecasts also exceeded expectations. Lucid Group — Shares rose about 5% after the electric car maker’s third-quarter results beat Wall Street expectations. According to LSEG, the company posted an adjusted loss of 28 cents per share on sales of $200 million, while analysts expected a loss of 30 cents per share on sales of $198 million. He said he had expected it. Capri Holdings — Versace and Michael Kors’ parent company fell 8% after weak second-quarter results. Capri had adjusted earnings per share of $1.08 billion on revenue of $1.08 billion, while analysts polled by LSEG expected earnings of 75 cents per share and revenue of $1.18 billion. I expected it. Monster Beverage — Energy drink shares fell 5.4% after a weaker-than-expected third-quarter earnings report. Monster had earnings per share (excluding items) of 40 cents on revenue of $1.88 billion. Analysts compiled by FactSet estimate earnings of 43 cents a share and revenue of $1.91 billion. Affirmative — Buy now, pay later stock fell 2.4% despite beating Wall Street expectations in both areas in the first quarter. Affirm’s adjusted loss per share was 31 cents, narrower than the consensus estimate of 35 cents, according to LSEG. Sales of $698 million exceeded analysts’ expectations of $664 million. BioNTech — The German biotech company’s U.S.-listed shares jumped 3.9% after Goldman Sachs upgraded it to buy from neutral. Goldman cited expectations related to oncology assets and said the stock could rise more than 25%. Bath & Body Works — The perfume retailer fell 2.7% after Barclays downgraded it from equal weight to underweight. Barclays said the company could face pressure on sales and profit margins in 2025. —CNBC’s Sean Conlon, Yun Li, Pia Xin and Samantha Subin contributed reporting.
PIN, MNST, BBWI, DJT etc.
