SpaceX's stock fell 11% after its first quarterly report since going public, revealing capital expenditures of $18.37 billion, a 550% increase year-over-year, and a revenue of $7.81 billion, surpassing the LSEG consensus of $6.93 billion. However, it reported a loss of 9 cents per share, creating uncertainty among investors.
Disney's shares rose over 3% despite mixed fiscal third-quarter results, with earnings per share exceeding expectations while revenue slightly missed. Arista Networks saw a 12% increase in shares after reporting adjusted earnings of $1.02 per share on revenue of $3.04 billion, both surpassing estimates.
Conversely, AMD's stock dropped 8.5% despite adjusted earnings of $1.66 per share on revenue of $11.54 billion, as its results did not impress investors. Eli Lilly's shares jumped over 6.5% after beating earnings and revenue expectations, raising its full-year revenue guidance for 2026 due to strong demand for its weight loss and diabetes drugs.
Other notable movements included Circle Internet Group's 5% rise after announcing blockchain partners, Wynn Resorts' 5% increase following strong earnings, and CVS Health's 2.5% gain after better-than-expected results. In contrast, Pinterest's stock fell nearly 9% due to disappointing guidance, while DaVita and Teradata also saw declines despite reporting better-than-expected results.
Overall, the premarket trading reflects a mix of investor reactions to earnings reports and future outlooks across various sectors