• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Doximity and Toast rally premarket; Pinterest, Airbnb, DraftKings fall

by November 8, 2024
written by November 8, 2024

Investing.com — US stock futures are mixed on Friday as investors try to extend the post-election rally. Premarket, the larger moves have been dominated by investor reactions to the latest earnings releases.

Here are some of the biggest premarket US stock movers today:

Pinterest (NYSE:PINS) shares have tumbled around 13% after the social media firm reported its latest quarterly earnings, with earnings topping estimates but guidance coming in softer than expected.

Five9 (NASDAQ:FIVN)‘s stock surged 22.8% on the back of its earnings release, which saw the company beat consensus earnings and revenue expectations and provide better-than-expected full-year earnings and revenue guidance.

Airbnb has tumbled more than 7% after missing consensus estimates. Analysts pointed to a below-Street margin outlook for the fourth quarter as a point of concern.

Doximity’s premarket rise of over 38% was prompted by the company’s impressive quarterly results, with an earnings and revenue beat and guidance way above consensus expectations.

Despite reporting an earnings and revenue beat, DraftKings (NASDAQ:DKNG) is down over 5% after the gambling company cut its 2024 revenue guidance to between $4.85 billion and $4.95 billion, down from $5.05 billion to $5.25 billion due to “the impact of customer-friendly sport outcomes early in the fourth quarter.”

Upstart (NASDAQ:UPST) is another company making a strong move higher premarket, currently up more than 17% after its latest earnings release, which impressed investors. Its Q4 revenue guidance of $180 million also beat the consensus estimate of $162.3 million.

Toast (NYSE:TOST) missed earnings expectations, but its Q3 revenue topped estimates, sending its shares 13% higher in premarket trading. Following the release, several Wall Street analysts lifted their targets for the stock.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Nissan shares slide on layoffs, production cuts amid weak demand
next post
IKEA reports higher profit despite revenue hit from price cuts

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • Citigroup joins US lenders in exiting Net-Zero Banking Alliance
    • China EV stocks rise with Tesla Q3 earnings in focus

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy