Check out the companies making headlines before the bell. Trump Media & Technology — Shares of the TruthSocial parent, which has a majority ownership by Republican presidential candidate Donald Trump, climbed about 9% during premarket trading on Election Day . The stock has been seen as a proxy for betting on the former president’s likelihood of winning the race for the White House. Palantir — The cybersecurity stock surged 14% on strong third-quarter results . Palantir reported 10 cents earnings per share on $726 million in revenue. Analysts surveyed by LSE had forecast earnings of 9 cents per share and $701 million in revenue. The company cited “unrelenting AI demand” and a 30% jump in revenue from the prior year. NXP Semiconductors — Shares slipped 7% after the Netherlands-based semiconductor conductor provided disappointing fourth-quarter guidance, pointing to macro weakness in the Americas and Europe. On the other hand, NXP’s third-quarter earnings beat analysts’ expectations by 2 cents per share, while its $3.25 billion revenue was in line with estimates. Wynn Resorts — The resort and casino operator’s stock fell more than 2% in premarket trading following weaker-than-expected quarter results. Wynn’s adjusted earnings came in at 90 cents a share on $1.69 billion in revenue, which fell short of Wall Street’s estimates on the top and bottom lines, according to LSEG. Dollar Tree — The discount retailer advanced 4% after announcing that CEO Rick Dreiling had stepped down . Chief operating officer Michael Creedon will serve as interim CEO. Dollar Tree also reiterated its third-quarter guidance. Hims & Hers Health — The telehealth stock popped 7.2% after third-quarter earnings exceeded expectations of analysts polled by FactSet on both lines. The San Francisco-based company also issued stronger-than-anticipated guidance for revenue in both the current quarter and full year. Cleveland-Cliffs — Shares slipped 6% after the steel producer posted revenue in its latest quarter of $4.57 billion, disappointing analysts polled by LSEG who were looking for $4.77 billion. Lattice Semiconductor — Shares tumbled more than 11% after the semiconductor design company posted disappointing earnings and revenue guidance for the current quarter. However, Lattice reported results that were in line with analysts’ expectations for its third quarter. Cirrus Logic — The semiconductor supplier sank nearly 11% after it forecast that revenue for its current quarter would range between $480 million to $540 million. However, analysts surveyed by LSEG had been looking for $590 million. DuPont de Nemours — The chemicals stock climbed more than 2% after posting third-quarter adjusted earnings of $1.18 per share, higher than the $1.03 analysts polled by LSEG had expected. On the other hand, the company’s $3.19 billion revenue missed estimates of $3.20 billion. Restaurant Brands International — Shares slipped 2% after the Burger King parent reported adjusted earnings of 93 cents per share , lower than the 95 cents a share expected from analysts polled by LSEG. Revenue also missed, coming in at $2.29 billion versus the $2.31 billion consensus estimate. Diamondback Energy — The energy stock shed 2% after reporting third-quarter adjusted per-share earnings of $3.38. Analysts had expected $3.98, according to LSEG. Diamondbank’s $2.65 billion beat the $2.44 billion consensus. Boeing — Shares moved up 1.6% after machinists voted 59% in favor of a new labor deal on Monday, ending a more than seven-week strike that was impacting the company’s aircraft production. The deal includes 38% wage increases over four years, among other improvements, for workers. Astera Labs — The semiconductor solutions designer soared 24% after reporting a third-quarter adjusted earnings and revenue beat. Astera also guided for fourth-quarter earnings and revenue figures that were above what analysts had expected, according to FactSet. Marqeta — Shares tumbled 39% after the modern card issuing platform’s third-quarter loss exceeded estimates by 1 cent. Marqueta’s $128 million revenue was just shy of the $128.1 million consensus from FactSet. The company also said it expected revenue in the fourth quarter to increase 10% to 12% from a year earlier, while analysts surveyed by LSEG had looked for growth of more than 17%. As a result, firms including Deutsche Bank, Wells Fargo and UBS downgraded their ratings on the company, with Deutsche saying that uncertainty around the its core business will linger. — CNBC’s Michelle Fox, Alex Harring, Hakyung Kim, Yun Li, Sarah Min and Pia Singh contributed reporting.
https://www.cnbc.com/2024/11/05/stocks-making-the-biggest-moves-premarket-djt-hims-pltr.html
