Stocks with the biggest gains before the market: COUR, WW, DXCM, DECK | Wilnesh News
Check out the companies making headlines before the market opens. CrowdStrike — CrowdStrike shares rose nearly 2% after CEO George Kurtz said more than 97% of Windows sensors were back online following last week’s global IT outage. However, the stock is down 17% so far this week. Semiconductor stocks – Nvidia, Broadcom, Advanced Micro Devices, Qualcomm and Micron Technology – all rose more than 2% as chipmakers tried to recoup some of this week’s losses. Deckers Outdoors — The footwear stock surged 12% after Deckers reported better-than-expected first-quarter profit and revenue. Deckers earned $4.52 a share on revenue of $825 million, while analysts polled by LSEG only forecast earnings of $3.48 a share on revenue of $808 million. Dexcom — The medical device stock plunged more than 36% after the company reported second-quarter revenue that missed expectations. Dexcom also lowered its full-year revenue guidance. Boston Beer — Boston Beer reported second-quarter earnings of $4.39 per share, while analysts polled by LSEG had expected $5.02, sending the alcohol stock down 2%. The company’s revenue of $579 million also missed the consensus estimate of $597 million. Coursera — Shares of the online course provider soared 26% after Coursera reported second-quarter revenue of $170 million, beating analysts’ expectations of $164 million, according to LSEG. However, Coursera reported a loss of 15 cents per share, while analysts had forecast earnings of 1 cent per share. Mohawk Industries — Shares of Mohawk Industries rose 14% after the flooring maker reported better-than-expected quarterly revenue and profit. In addition, Mohawk announced additional cost-cutting measures to achieve annual savings of $100 million. 3M — The industrial giant reported second-quarter adjusted earnings of $1.93 on adjusted revenue of $6.02 billion, sending shares up nearly 7%. That beat analysts’ expectations for adjusted earnings of $1.68, as well as analysts’ expectations for revenue of $5.88 billion, according to LSEG. Bristol Myers Squibb — The pharmaceutical stock rose 4% after reporting a stronger-than-expected second-quarter report. Bristol-Myers Squibb reported adjusted earnings of $2.07 per share on revenue of $12.2 billion. Analysts surveyed by London Stock Exchange Group (LSEG) expected earnings of $1.63 per share, valuing the company at $11.55 billion. Revenue increased by 9% year-on-year. Norfolk Southern — Shares of Norfolk Southern rose nearly 8% after the rail operator reported second-quarter earnings of $3.06 a share, while analysts polled by LSEG expected earnings of $2.86 a share. The company’s revenue of $3.04 billion was in line with expectations. WW International — Weight Watchers parent company fell 5.3% after Morgan Stanley cut its rating to equal weight from overweight. Morgan Stanley says drugs used to treat obesity are a long-term headwind to its core business. Charter Communications — Shares rose 9% after the telecommunications company reported second-quarter adjusted EBITDA of $5.67 billion, above the FactSet consensus of $5.48 billion. Charter’s revenue of $13.69 billion also exceeded analysts’ expectations of $13.59 billion. Coinbase — Shares of the cryptocurrency platform rose 4% as Bitcoin prices moved higher. The flagship currency was last up around 4%, following a pullback the previous day. —CNBC’s Alex Harring, Sarah Min and Jesse Pound contributed reporting.