Stocks Making Significant Premarket Moves: Microsoft Surges on Strong Earnings While Meta and Teladoc Drop
Premarket trading saw mixed performances among major stocks. Microsoft surged nearly 9% after beating revenue estimates with $90.01 billion in quarterly sales, driven by strong Azure growth of 43%. In contrast, Meta Platforms fell almost 9%, missing earnings per share and lowering its third-quarter revenue forecast below expectations. Teladoc Health dropped sharply by 18.5% after reporting weaker-than-expected Q2 revenue and reducing full-year guidance. Norwegian Cruise Line also declined as it cut its EPS outlook to $1.50, falling short of analyst forecasts. On the positive side, Bristol-Myers Squibb rose over 1%, Starbucks jumped nearly 6%, Chipotle Mexican Grill climbed 6%, Fortinet soared by 12%, and Lam Research gained almost 9% due to strong earnings or guidance.
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Topics: Earnings Revenue Reports Stock Performance