Stocks making the biggest moves premarket: Versant, Biogen, Bullish, Cisco and more
🧬 Biogen shares advanced 4% after announcing its experimental Alzheimer's drug will proceed to a phase 3 trial despite failing the primary goal in phase 2.
🧠 The biopharmaceutical company stated that the drug still demonstrated cognitive benefits for patients.
📈 Versant Media Group shares jumped 14.5% following reported revenue growth in content licensing and digital platforms during the first quarter.
📉 Overall revenue slipped for Versant due to continued declines in linear distribution for its pay TV networks and advertising businesses.
💰 Adjusted EBITDA came in at $704 million, significantly above the $608 million estimated by analysts polled by FactSet.
🧊 Yeti Holdings shares rose 10% after beating top and bottom line estimates for the first quarter.
💵 Yeti reported adjusted earnings of 26 cents per share versus an expected 18 cents from analysts.
📦 Revenue of $380.4 million also topped the consensus estimate of $374.7 million.
📉 Bullish shares tumbled 9% after reporting disappointing first-quarter results that missed analyst expectations.
💸 Adjusted net income was $20.3 million, short of the $23.9 million expected by analysts polled by FactSet.
📉 Adjusted revenue of $92.8 million also came in below the $94.9 million consensus estimate.
🚀 Cisco Systems shares surged 15% after issuing third-quarter results and guidance that beat Wall Street expectations.
💰 For the current quarter, Cisco expects adjusted earnings between $1.16 and $1.18 per share on revenue of $16.7 billion to $16.9 billion.
📉 Analysts were looking for adjusted earnings of $1.07 per share and revenue of $15.82 billion, according to LSEG data.
✂️ Cisco also beat projections for its last quarter and announced plans to cut almost 4,000 jobs.
🎟️ StubHub shares popped 14% after posting first-quarter revenue of $446 million and adjusted EBITDA of $72.1 million.
💰 Analysts polled by LSEG had expected $432 million in revenue and $65.1 million in EBITDA.
📉 Doximity shares stumbled 23% after sharing current-quarter and full-year revenue guidance that fell short of analysts' expectations.
💸 Fourth-quarter adjusted earnings of 26 cents per share also came below the 28 cents analysts were looking for.
🍔 Jack in the Box stock added 4% after posting second-quarter adjusted EBITDA of $51.3 million, exceeding the $50.3 million analysts expected.
📉 However, the company's adjusted earnings and revenue missed consensus estimates.
💻 Nvidia shares added 2% after the U.S. cleared the sale of its H200 AI-chip to about 10 Chinese firms.
🚫 No delivery has been made so far, according to Reuters reporting citing sources.
🏎️ Honda Motor shares rose 3% despite posting its first annual loss in nearly 70 years due to $9 billion in restructuring costs for its EV business.
📈 Full-year guidance for 2027 came in above expectations and the company maintained its dividend.
⛵ Viking Holdings climbed 3.4% after posting first-quarter revenue of $1.05 billion, above the $1.01 billion expected from analysts.
💸 The cruise operator reported an 11 cents loss per share, which was in line with expectations.
💳 Klarna shares rallied 16% after reporting $1 billion in revenue for its first quarter, topping the $944.1 million expected by analysts.
📈 Klarna posted $17 million in operating income, though it is unclear if that is comparable to the consensus estimate of $15.6 million.
- Biogen shares advanced 4% after announcing its experimental Alzheimer's drug will advance into a phase 3 trial, demonstrating continued progress despite missing the main goal in phase 2.
- The Biogen drug showed cognitive benefits, providing a positive signal for future development potential.
- Versant Media Group reported revenue growth across its content licensing and digital platforms in the first quarter, highlighting strength in key segments.
- Versant's adjusted EBITDA came in at $704 million, significantly above the $608 million analyst estimates.
- Yeti Holdings jumped 10% after beating top and bottom line expectations with adjusted earnings of 26 cents per share versus 18 cents expected.
- Yeti reported revenue of $380.4 million, topping the $374.7 million consensus estimate.
- Cisco Systems shares surged 15% after issuing third-quarter results and guidance that beat Wall Street's expectations on both earnings and revenue.
- Cisco sees current quarter adjusted earnings between $1.16 to $1.18 per share, exceeding the $1.07 per share analyst forecast.
- Cisco also beat projections for its last quarter, demonstrating consistent strong performance across multiple periods.
- StubHub popped 14% after posting first-quarter revenue of $446 million and adjusted EBITDA of $72.1 million, both above consensus estimates.
- Jack in the Box added 4% after posting second-quarter adjusted EBITDA of $51.3 million, exceeding the $50.3 million analysts were looking for.
- Nvidia shares added 2% following news that the U.S. cleared the sale of its AI-chip, H200, to about 10 Chinese firms.
- Honda Motor maintained its dividend and posted full-year guidance for 2027 above expectations, offsetting recent restructuring costs.
- Viking Holdings climbed 3.4% after posting first-quarter revenue of $1.05 billion, above the $1.01 billion expected from analysts.
- Klarna shares rallied 16% after reporting $1 billion in revenue for its first quarter, topping the $944.1 million expected from analysts.
- Klarna posted $17 million in operating income, which appears to exceed the consensus estimate of $15.6 million.
- Biogen's experimental Alzheimer's drug failed to meet the main goal of its phase 2 trial despite advancing to a phase 3 trial.
- Bullish cryptocurrency exchange saw adjusted net income of $20.3 million, which fell short of the $23.9 million expected by analysts.
- Bullish's adjusted revenue of $92.8 million missed the $94.9 million consensus estimate.
- Doximity shares stumbled 23% after current-quarter and full-year revenue guidance fell short of analysts' expectations.
- Doximity's fourth-quarter adjusted earnings of 26 cents per share came below the 28 cents analysts were looking for.
- Jack in the Box missed consensus estimates on both adjusted earnings and revenue despite beating EBITDA targets.
- Honda Motor posted its first annual loss in nearly 70 years due to $9 billion in costs to restructure its electric-vehicle business.
