Here’s a look at some companies that made notable moves in pre-market trading. Qualcomm saw a significant drop, almost 11%, after the global memory shortage didn’t meet its expectations. The company now anticipates adjusted earnings for its fiscal second quarter to be between $2.45 and $2.65 per share, with revenue projections of $10.2 billion to $11.0 billion. However, analysts had forecasted sales of $11.11 billion and earnings per share of $2.89.
Estee Lauder took a hit as well, with shares falling 12% after their second quarter results. The cosmetics company reported adjusted earnings per share of 89 cents, which was better than the 84 cents analysts had anticipated. Sales matched expectations at $4.23 billion. Good news for the company, they adjusted their full-year earnings outlook up to between $2.05 and $2.25 per share, above the consensus estimate of $2.16.
Carrier Global’s shares decreased by 6.6% after they fell short in both sales and profits. Their fourth-quarter adjusted earnings were 34 cents per share, slightly below the 36 cents expected by analysts. Their sales reached $4.84 billion, not quite meeting the $4.98 billion forecast.
On the other hand, Align Technology, the producer of Invisalign, experienced a nice bump of 2.7% following impressive fourth-quarter results that exceeded both revenue and profit expectations. They posted adjusted earnings per share of $3.29, surpassing the $2.97 estimated by analysts. Their sales of $1.05 billion also beat expectations of $1.03 billion.
Corpay, a corporate payments firm, saw an increase of nearly 3% after posting better-than-expected earnings and sales. The company reported adjusted earnings of $6.04 per share, while estimates were around $5.94. Sales were $1.25 billion, exceeding the $1.23 billion consensus estimate.
Alphabet, Google’s parent company, saw shares fall over 3%. They actually outperformed in both profit and revenue during the fourth quarter, but there’s concern over a significant rise in capital spending, expected to jump from $175 billion to $185 million by 2026, which is more than double what was spent in 2025.
Elf Beauty shares increased by 4.8% after raising its full-year outlook. They expect adjusted earnings to be between $3.05 and $3.10 per share, outpacing the $2.87 anticipated by analysts. Their third quarter results were also better than expected, with adjusted earnings of $1.24 per share, far above the 72 cents anticipated, and revenue of $490 million, beating the $460 million consensus.
Arm Holdings, the British semiconductor and software design company, saw its U.S. shares drop 6.6%. Their fourth-quarter guidance narrowly beat Wall Street expectations, indicating adjusted earnings of about 58 cents a share compared to the 57 cents forecast. However, their third-quarter adjusted earnings of 43 cents per share on $1.24 billion in revenue did beat expectations.
O’Reilly Automotive experienced a minor decline of 1% following disappointing fourth-quarter outcomes. They reported earnings of 71 cents per share on $4.41 billion in revenue, missing the expectation of 73 cents per share. For fiscal 2026, they estimate earnings between $3.10 and $3.20 per share, against an anticipated $3.32.
Meanwhile, cryptocurrency stocks declined as Bitcoin slipped below $70,000. Strategy stocks dropped 6.2%, with Coinbase down 4.2% and Robinhood Markets decreasing by 3.8%.
Bristol-Myers Squibb rose by 2% after exceeding profit and revenue expectations. They posted fourth-quarter adjusted earnings of $1.26 per share on revenue of $12.5 billion, compared to expected earnings of $1.12 and revenue of $12.28 billion.
Tapestry, the parent company of Coach, gained 7.5% after exceeding second-quarter expectations. Tapestry’s adjusted earnings hit $2.69 per share, exceeding the $2.22 estimated by analysts. Their sales came in at $2.5 billion, surpassing the $2.32 billion that was anticipated.
Peloton saw a drop of 9% after delivering disappointing fourth-quarter results, posting a loss of 9 cents per share on $657 million in revenue. Analysts had expected a loss of 6 cents per share on $674 million in revenue.
Cardinal Health’s shares rose by 1% after reporting higher earnings and boosting its full-year forecast. Their quarterly adjusted earnings stood at $2.63, beating the $2.36 consensus estimate. Revenue was reported at $65.63 billion, again exceeding expectations of $64.14 billion. Cardinal now anticipates full-year adjusted EPS between $10.15 and $10.35, up from a previous estimate of at least $10.
Lastly, Hershey saw its shares rise by 3% after surpassing fourth-quarter profit and sales expectations. The company reported adjusted earnings of $1.71 per share on $3.09 billion in revenue, outperforming analyst estimates of $1.40 for EPS and $2.98 billion in revenue.
