Check out the companies making the biggest moves in premarket trading: Walmart — The retail giant dropped 6%. Walmart posted a revenue beat for its second quarter . However, the company’s U.S. comparable sales grew by 2.6%, short of the 3.5% increase expected from analysts polled by FactSet. Earnings per share guidance for the fiscal third quarter and full year also fell short of expectations. Crypto stocks — Crypto-related stocks moved higher, following the surge in Bitcoin and ether on President Donald Trump’s push for Congress to pass crypto-friendly legislation. Coinbase rose nearly 7% and Strategy jumped 10%. Circle Internet gained 7.5%, while Mara Holding and American Bitcoin each added roughly 5%. Alibaba — The Chinese tech giant reported a 75% drop in profits for the June quarter due to its jump in spending on artificial intelligence. Its capital expenditures grew by 75% in the quarter. U.S.-listed shares fell 3.4%. Moderna — The pharma giant shed 7%, a day after it gained 177% on the back of promising late-stage trial results for its cancer vaccine. The trial showed the experimental vaccine, from Moderna and Merck, in combination with Keytruda met key goals in patients with higher-risk or advanced melanoma whose detectable cancer had been completely removed through surgery. Nordson — Shares rose 5.4% after lifting the company, which manufactures equipment used to apply coatings and adhesives, raised its full-year guidance. Nordson sees adjusted earnings for the full year in a range of $11.80 to $12 a share, up from its earlier call for $11.30 to $11.80 per share. The outlook also surpassed the FactSet consensus call for $11.60 a share. Advance Auto Parts — The automotive parts provider tumbled nearly 15% following mixed results for its second quarter. Advance Auto Parts posted revenue of $1 billion, short of the $2.04 billion expected from analysts polled by LSEG. It also reported a loss in comparable sales of 0.5%, versus the gain of 1.4% expected from analysts, per FactSet. Earnings per share, however, topped expectations. Coty — Shares slipped 14.5% after the beauty company reported a larger quarterly loss than expected and said fiscal 2027 will be a “transition year.” Coty saw an adjusted loss of 2 cents per share for its fourth quarter, more than the 1 cent loss expected from analysts polled by FactSet. Its revenue, however, beat expectations. Wolfspeed — The semiconductor components maker’s quarterly revenue of $149.6 million fell short of FactSet’s $150 million consensus estimate, sending shares 10% lower. Its loss of $2.26 per share, however, was less than the $2.45 per share loss expected from analysts. NetEase — U.S.-listed shares of the Chinese tech company slipped nearly 4% after Netease’s quarterly earnings missed analyst estimates. — CNBC’s Darla Mercado contributed reporting.
