Peloton Interactive's shares dropped nearly 14% despite earnings of 13 cents per share meeting estimates, as the company reported an 8.8% year-over-year decline in active paying subscribers. Moderna's shares rose 4% after the FDA approved its mRNA flu vaccine for adults over 50.
Versant Media's stock increased by 5% following a raised full-year outlook, projecting 2026 revenue between $6.2 billion and $6.45 billion. Warby Parker's shares fell 7% after second-quarter revenue of $235.5 million missed expectations, although it reaffirmed its full-year guidance.
IonQ's shares rose 3.9% on better-than-expected second-quarter revenue and an optimistic full-year revenue forecast of $280 million to $290 million. Sandisk's shares slid 10% due to disappointing revenue guidance, despite beating fourth-quarter expectations. Figma's stock dropped 14% after soft full-year operating income guidance.
DoorDash's shares gained 4% after reporting quarterly revenue of $4.45 billion, exceeding estimates. Zillow's shares fell over 11% despite solid quarterly results, as the company announced layoffs and a change in its CFO's role. Western Digital's shares plummeted more than 15% due to underwhelming current quarter projections.
Salesforce's shares declined nearly 5% following the announcement of a new operating chief. Duolingo's shares fell 7% after revenue guidance missed expectations. Bumble's shares dropped 5% after reporting a loss and providing disappointing third-quarter guidance. AppLovin's stock tanked nearly 20% due to disappointing third-quarter projections.
In contrast, Diageo's shares rose 7% after unveiling a $1 billion cost-cutting plan, despite a decline in net sales for the year ending in June. Overall, the mixed results reflect varying investor sentiment and market reactions to earnings reports and future guidance