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Take a look at the businesses making the largest moves premarket:
Shake Shack — Shares of the quick-service restaurant chain rose barely after reporting a narrower loss than expected and same-store sales rose 5% 12 months over 12 months. Revenue was in keeping with expectations.
Virgin Galactic Holdings — The space travel company gained nearly 3% within the premarket, a day after its Eve mothership had its first test flight since undergoing mechanical upgrades.
Paramount Global — The entertainment stock slumped 6% in premarket trading after Paramount missed estimates on the highest and bottom lines for the third quarter. After adjustments, it earned 8 cents per share on $8.13 billion of revenue. Analysts surveyed by Refinitiv were expecting earnings of 23 cents per share on $8.16 billion of revenue. The corporate did add 9.9 million Paramount Plus subscribers, but reported a 7% decline in promoting revenue for its TV business.
Hasbro — The toymaker ticked about 1% higher after reporting a stronger-than-expected profit. Hasbro earned $1.31 per share, excluding items, topping a Refinitiv consensus estimate of $1.29 per share. Its revenue of $1.68 billion was in-line with estimates.
Tripadvisor — The net travel company fell greater than 4% within the premarket after being downgraded by Bernstein to market perform from outperform. The Wall Street firm said Tripadvisor’s strategic plan appeared more defensive than offensive. Tripadvisor outpaced fourth-quarter estimates on Wednesday.
Roku — The streaming device company rallied nearly 9% after reporting a narrower-than-expected lack of $1.70 per share, compared with $1.73 per share, per Refinitiv. Its revenue of $867 million topped estimates of $802 million.
Cisco Systems — The digital communications company gained 3.5% after it raised its outlook for the 12 months within the wake of strong earnings. Excluding items, it earned 88 cents per share, barely above the Refinitiv estimate of 86 cents per share. Cisco also beat revenue expectations.
Twilio— The communications tools maker rose nearly 9% after reporting revenue of $1.02 billion, above the $1 billion analyst polled by Refinitiv expected.
Shopify — The cloud-based e-commerce platform’s shares plunged greater than 13% on Thursday after it issued lighter-than-expected guidance for the present quarter. Otherwise, Shopify’s earnings and revenue beat Wall Street’s expectations.
Zillow Group — The net real estate company added nearly 2% within the premarket after reporting adjusted earnings of 21 cents per share on revenue of $435 million. That beat analysts’ expectations of seven cents per share on $415 million in revenue, per Refinitiv.
West Pharmaceutical Services — The drug and health-care products manufacturer gained 5.3% after reporting a fourth-quarter earnings and revenue beat. Adjusted earnings got here in at $1.77 per share, versus a StreetAccount estimate of $1.38 per share. Revenue was $708.7 million, compared with the $657.2 million expected.
Boston Beer — The brewing company dropped greater than 12% after reporting a surprise fourth-quarter lack of $11.4 million, or 93 cents per share. The corporate said supply-chain inefficiencies hurt its margin and it expects to post a loss in the primary quarter as well.
Generac Holdings— The generator builder rose greater than 1% after being upgraded by Canaccord Genuity to purchase from hold on the back of its latest earnings report. On Wednesday Generac posted earnings that beat estimates and provided a better-than-expected revenue forecast for the 12 months.
Synopsys — The silicon design company shed 3.8% after issuing weaker-than-expected second-quarter guidance. Synopsys beat earnings expectations in the primary quarter, but revenue was in-line.
— CNBC’s Fred Imbert, Jesse Pound and Hakyung Kim contributed reporting.
Correction: A previous headline misstated the time of day the stocks were moving.
