Stocks with the largest premarket changes: Meta, Microsoft, Teladoc, Norwegian Cruise Line and others

July 30, 2026

Market Movements: Key Players Shifting in Pre-Market Trading

Here’s a look at some companies making significant shifts in pre-market trading:

Microsoft — The tech giant saw a 9% jump after reporting quarterly revenues of $90.01 billion, which surpassed expectations. Azure’s growth hit 43% in constant currencies, outpacing the forecast of 40.2%. For the first time, Azure’s revenue for fiscal year 2026 exceeded $100 billion.
Meta Platforms — In contrast, stock for Meta fell nearly 9% following an earnings per share (EPS) report of $6.18, which missed analysts’ expectations by $1.04. The company projected third-quarter sales between $61 billion and $64 billion, falling short of the $63.15 billion anticipated by analysts.
Teladoc Health — Shares dropped 18.5% after second-quarter revenue failed to meet expectations. Teladoc recorded revenue of $606.9 million, short of the estimated $615.4 million. The full-year earnings forecast was adjusted downwards as well.
Norwegian Cruise Line — The cruise line’s stock fell 7% after it lowered its full-year earnings forecast to $1.50 per share, compared to its prior guidance of $1.45 to $1.79. Analysts expected an EPS of around $1.66, according to FactSet.
Bristol-Myers Squibb — In a positive turn, shares increased by over 1% following the company’s sales and earnings growth. Bristol-Myers reported adjusted earnings of $2.04 per share on revenues of $12.97 billion, surpassing analyst estimates of $1.59 per share and $11.75 billion in revenue.
Starbucks — The coffee retailer’s shares rose 6% after raising its full-year outlook, with a reported 7.9% increase in same-store sales. Adjusted earnings came in at 85 cents per share, easily beating the analysts’ expectations of 66 cents. Revenue hit $9.32 billion, again exceeding the $9.16 billion expected.
Carvana — Shares fell 10% as the online used car retailer’s full-year profit forecast of $2.7 billion to $3 billion fell short of Wall Street’s expectations, which ranged from $3 billion to $4.45 billion.
Chipotle Mexican Grill — Stocks went up by 6% following a report of increased quarterly profits and revenue. The company anticipates a low single-digit increase in same-store sales for the full year, up from an earlier outlook of flat sales.
Fortinet — The cybersecurity firm’s stock surged by 12% after delivering strong second-quarter sales that exceeded analyst expectations. Fortinet’s earnings reached 90 cents per share with adjusted revenue of $2.05 billion, compared to predictions of 75 cents per share and $1.89 billion.
Lam Research — Shares climbed nearly 9% after reporting better-than-expected fourth-quarter results, with a profit of $1.82 per share on revenue of $6.72 billion.
Qualcomm — The chipmaker’s stock dropped over 4% after mixed quarterly results. Adjusted earnings were $2.21, slightly below the expected $2.23, although sales of $9.95 billion managed to exceed the forecast of $9.67 billion.
Align Technology — Shares fell nearly 4% after reporting quarterly profits and revenues that surprisingly hit just above the expectations, but the lower end of their sales forecast for the third quarter fell short of analysts’ predictions.
MarketAxess — Shares have been suspended following the announcement of its acquisition by Intercontinental Exchange for $167 per share, valuing the company at over $5 billion. This cash transaction represents a 33% premium over the closing price on Wednesday and is set to finalize in the first half of 2027.
Baxter International — The medical tech firm saw its shares rise about 14% after its latest financial results, with adjusted earnings of 56 cents per share surpassing the expected 37 cents. Revenue reached $2.96 billion, compared to the consensus estimate of $2.08 billion. Baxter also raised its full-year outlook.
Cigna — Shares fell nearly 4% post-release of its second-quarter earnings, reporting adjusted earnings of $7.78 per share and revenue of $71.67 billion, which exceeded analyst expectations slightly. However, they did raise their full-year adjusted EPS outlook by 10 cents.
Anheuser-Busch InBev — Stock for the beverage giant dropped 3% despite better-than-expected second-quarter profits and flat margins. The stock has increased nearly 33% this year.
Altria — The tobacco company faced a 3% loss after its second-quarter adjusted earnings came in below expectations at $1.48 per share. They also raised their 2026 capital expenditures projections.
Sirius XM — Shares plummeted 12% after disappointing earnings, with an EPS of 70 cents, short of the anticipated 78 cents.