Stocks making the biggest moves premarket: Shake Shack, Wendy's, Peloton, Unity Software & more
Check out the companies making headlines before the bell: Shake Shack — Shares rose 3.8% after the fast-food chain published its third-quarter results. Adjusted earnings per share of 40 cents topped an LSEG estimate of 35 cents per share. Revenue of $423 million was just below the $426 million consensus. Management also reaffirmed the company’s full-year 2026 revenue guidance of $1.6 billion to $1.7 billion. Peloton Interactive — The maker of fitness equipment jumped 7% after Peloton Interactive posted fiscal first-quarter revenue of $559 million, besting the LSEG consensus estimate of $554 million. However, earnings of 19 cents per share missed the 21 cents expected. Wendy’s — Shares were little changed after the fast food chain rejected a $1.4 billion takeover offer from a Trian Fund Management-led group. The group late last month offered $7.35 per share in cash to take Wendy’s private. Unity Software — Shares of the game development company surged 22% following blowout results. Unity Software posted third-quarter earnings of 25 cents per share on revenue of $622 million. Analysts surveyed by LSEG had expected per-share earnings of 5 cents on revenue of $567 million. Qualcomm — The chipmaker plunged 9% even after posting a slight earnings beat in its fiscal fourth-quarter financial report . Qualcomm sees adjusted earnings of $2.15 to $2.35 per share in the current quarter, while analysts polled by FactSet were seeking $2.26 per share. AppLovin — Shares rallied 19% following stronger-than-expected third-quarter results. The software company known for mobile game advertising posted adjusted EBITDA of $1.84 billion, more than the FactSet $1.73 billion consensus estimate. Revenue of $2.18 billion exceeded the forecast of $2.07 billion. Expedia — The online booking company slid more than 6% after Expedia issued mostly weaker-than-expected guidance for the current quarter. It sees revenue between $3.69 billion and $3.75 billion in the fourth quarter, but analysts polled by FactSet on average expected $3.74 billion. Coherent — The optical materials company dipped 2% though it posted earnings and revenue that topped estimates. Adjusted earnings of $2.09 per share topped the $1.99 per share consensus estimate from FactSet. Revenue also came in above estimates, as did guidance for the current quarter. Zillow — Shares sank about 15% after the company missed on key metrics in its third-quarter earnings report. Adjusted earnings came in at 55 cents per share, compared with the 59 cents per share expected by LSEG. Revenue also was weaker than expected, at $724 million compared to expectations for $754 million. — CNBC’s Fred Imbert and Paulina Likos contributed reporting
