CSCO, QS, FSLY and more
CNBC: Stocks like Restaurant Brands and Anheuser-Busch InBev rise on strong earnings, while companies like QuantumScape and Paycom Software face losses in premarket trading.
In premarket trading, several companies saw significant movements in their stock prices. For example, Restaurant Brands’ shares increased by 1.3% after exceeding earnings expectations, while QuantumScape experienced a 9.3% decrease following its latest financial results. Anheuser-Busch InBev’s earnings beat expectations, leading to a 2.6% rise in shares, while Cisco Systems dropped by 7% due to lower-than-expected gross margin. Viking Therapeutics surged by 16% after announcing plans for drug development, and AppLovin dropped by 7% despite surpassing profit and sales estimates. Fastly saw a 44% surge in its stock price after positive earnings, while Paycom Software dipped by 9% following lower revenue guidance. Rollins declined by 13% due to disappointing earnings, and Albemarle slipped by 2% after reporting an adjusted loss. Magnum Ice Cream saw a 14% decrease in its stock price following a revenue miss, and Equinix rose by 9.5% after issuing strong full-year guidance. Memory storage stocks also experienced gains, with companies like Sandisk, Seagate Technology, Micron Technology, and Western Digital all seeing increases in their stock prices. Cisco’s mention of rising memory costs in its earnings results also impacted memory storage stocks positively.
