Check out the companies making the biggest moves in premarket trading: Microsoft — The tech giant jumped 9% after reporting quarterly revenue of $90.01 billion, topping estimates of $87.62 billion, per LSEG. Azure growth of 43% at constant currency beat StreetAccount estimates of 40.2% growth. The company also said Azure revenue in the 2026 fiscal year surpassed $100 billion for the first time. Meta Platforms — Shares tumbled nearly 9% after the company posted earnings per share of $6.18 for the latest quarter, missing analysts’ estimates by $1.04 per share, according to LSEG. It also forecasted third quarter revenue between $61 billion and $64 billion, the lower end of which is lighter than the $63.15 billion estimated by analysts. Teladoc Health — The virtual health-care services company plunged 18.5% after its second-quarter revenue fell short of expectations. Teledoc reported revenue of $606.9 million, compared to the $615.4 million expected from analysts polled by FactSet. It also lowered its full-year revenue guidance. Norwegian Cruise Line — The cruise operator cut its full-year forecast, sending shares down 7%. Norwegian Cruise Line now expects full-year earnings of $1.50 per share, versus its prior guidance of $1.45 to $1.79 per share. Analysts had expected EPS guidance of $1.66, per FactSet. Bristol-Myers Squibb — Shares added more than 1% following the biopharmaceutical company’s beat on the top and bottom lines. Bristol Myers Squibb saw second-quarter adjusted earnings of $2.04 per share on revenue of $12.97 billion. Analysts polled by LSEG had expected EPS of $1.59 on revenue of $11.75 billion. Starbucks — The coffee retailer saw its shares jump 6% after raising its full-year outlook and reporting growth in same-store sales of 7.9%. Earnings came in at 85 cents per share on an adjusted basis, beating analysts’ estimates of 66 cents per share, according to LSEG. Starbucks reported $9.32 billion in revenue for the quarter, versus $9.16 billion expected. Carvana — The online used-car retailer’s shares fell 10% after the company’s full-year earnings guidance of between $2.7 billion and $3 billion missed Wall Street’s expectations. Estimates included forecasts of $3 billion to $3.2 billion from Deutsche Bank and $4.45 billion from Morgan Stanley. Chipotle Mexican Grill — The burrito chain’s shares rose 6% as the company’s quarterly earnings showed a beat on the top and bottom lines. Chipotle also forecasted same-store sales for the full year will increase by a low single digit percentage, which is higher than its previous outlook of flat same-store sales for the year. Fortinet — The cybersecurity stock soared 12% as strong second-quarter billings helped the company to outpace analyst estimates. Fortinet earned 90 cents per share after adjustments on revenue of $2.05 billion. Analysts surveyed by LSEG predicted it would earn 75 cents per share on $1.89 billion. Its third-quarter forecast also solidly topped Wall Street’s expectations. Lam Research — Shares of semiconductor equipment manufacturer climbed nearly 9% on the back of better-than-expected fiscal fourth-quarter results. Lam earned $1.82 per share, excluding items, on revenue of $6.72 billion. Qualcomm — The chipmaker saw its shares fall more than 4% on mixed quarterly results. Adjusted earnings of $2.21 per share were slightly off the analyst estimate of $2.23 per share, according to LSEG. Revenue of $9.95 billion beat the estimate of $9.67 billion. Align Technology — The Invisalign maker’s shares fell almost 4% after the company reported quarterly earnings and revenue that just narrowly beat analysts’ estimates, per FactSet. The lower end of the company’s third quarter revenue guidance, between $1 billion and $1.02 billion, was lighter than the $1.02 billion analysts estimated. MarketAxess — Shares were halted on news the company will be acquired by New York Stock Exchange-parent Intercontinental Exchange for $167 per share, valuing MarketAxess at more than $5 billion. The cash deal represents a premium of nearly 33% from Wednesday’s close, and it’s expected to be completed in the first half of 2027. — CNBC’s Tanaya Macheel, Christina Cheddar-Berk and Ananya Chetia contributed reporting
