CarMax's shares increased over 3.5% after reporting earnings of $1.31 per share, surpassing analysts' expectations of 95 cents. AST SpaceMobile's stock jumped 6% following the successful launch of three satellites to enhance its cellular broadband network, utilizing SpaceX's Falcon 9 rocket.
La-Z-Boy saw a 16% surge in its stock after announcing an 11% rise in retail sales for its fiscal fourth quarter, alongside an earnings beat. Conversely, Lionsgate Studios' stock fell more than 5% after Netflix denied interest in acquiring the company, following a nearly 14% rise amid merger speculation.
In the semiconductor sector, companies like Intel, Advanced Micro Devices, Broadcom, and Qualcomm rebounded after a recent sell-off, with Intel rising over 3% in premarket trading. Figma's shares increased by 4% after Citi initiated coverage with a buy rating, citing a $25 billion total addressable market.
Oracle's stock dipped 1% after clarifying inaccuracies in a report regarding Microsoft ending negotiations over a $3 billion cloud infrastructure deal, asserting that Microsoft remains a partner. Jabil's shares fell over 2% despite reporting an earnings and revenue beat, as its guidance for the upcoming quarter exceeded expectations