By Investing.com — US stock futures are mixed on Friday as investors try to extend the post-election rally. Premarket, the larger moves have been dominated by investor reactions to the latest earnings releases.
Here are some of the biggest premarket US stock movers today:
Pinterest (NYSE:PINS) shares have tumbled around 13% after the social media firm reported its latest quarterly earnings, with earnings topping estimates but guidance coming in softer than expected.
Five9 (NASDAQ:FIVN)‘s stock surged 22.8% on the back of its earnings release, which saw the company beat consensus earnings and revenue expectations and provide better-than-expected full-year earnings and revenue guidance.
Airbnb has tumbled more than 7% after missing consensus estimates. Analysts pointed to a below-Street margin outlook for the fourth quarter as a point of concern.
Doximity’s premarket rise of over 38% was prompted by the company’s impressive quarterly results, with an earnings and revenue beat and guidance way above consensus expectations.
Despite reporting an earnings and revenue beat, DraftKings (NASDAQ:DKNG) is down over 5% after the gambling company cut its 2024 revenue guidance to between $4.85 billion and $4.95 billion, down from $5.05 billion to $5.25 billion due to “the impact of customer-friendly sport outcomes early in the fourth quarter.”
Upstart (NASDAQ:UPST) is another company making a strong move higher premarket, currently up more than 17% after its latest earnings release, which impressed investors. Its Q4 revenue guidance of $180 million also beat the consensus estimate of $162.3 million.
Toast (NYSE:TOST) missed earnings expectations, but its Q3 revenue topped estimates, sending its shares 13% higher in premarket trading. Following the release, several Wall Street analysts lifted their targets for the stock.
