Qualcomm, PayPal and Roku fall premarket; DoorDash, Moderna rise
Investing.com -- U.S. futures retreated Thursday, with investors awaiting more labor market economic data as well as quarterly results from tech giants Apple (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN).
Here are some of the biggest premarket U.S. stock movers today:
Qualcomm (NASDAQ: QCOM) stock fell 9% after the chipmaker reported underwhelming guidance for the current quarter after delivering mixed third quarter results as revenue fell short of estimates amid a softer smartphone demand.
DoorDash (NYSE: DASH) stock rose about 3.5% after the food delivery firm raised its annual core profit forecast and posted an upbeat quarterly revenue as groceries and food orders jumped.
Moderna (NASDAQ: MRNA) stock rose 1.7% after the drugmaker reported better-than-expected revenue in the second quarter despite falling steeply due to weaker post-pandemic demand for its COVID-19 vaccine.
Hasbro (NASDAQ: HAS) stock rose 1.5% after the toymaker beat second quarter revenue estimates. That said, it also cut its full-year revenue forecast as its entertainment segment is expected to take a hit from the ongoing writers’ strike.
PayPal (NASDAQ: PYPL) stock fell 8% after the digital payments firm reported weak margins for the second quarter that overshadowed a strong outlook.
Warner Bros. Discovery (NASDAQ: WBD) stock rose 3.6% after the entertainment giant posted higher-than-expected core profit in the second quarter, as subscriber growth at its HBO Max streaming service boosted advertising revenues.
ConocoPhillips (NYSE: COP) stock fell 1.8% after the U.S. shale producer reported a fall in second quarter profit on Thursday, as energy prices dropped from last year's peaks.
Regeneron (NASDAQ: REGN) stock rose 4.8% after the pharmaceutical beat quarterly profit estimate, driven by strong demand for eczema treatment Dupixent.
Roku (NASDAQ: ROKU) stock fell 2% after Citigroup downgraded its stance on the video streaming company to ‘neutral’ from ‘buy’, saying most potential growth is already factored into the stock price.