Here’s a look at the companies making the biggest moves in premarket trading: Planet Fitness — Shares of the gym franchise plunged 7% after the gym franchise reported lower-than-expected first-quarter revenue and issued disappointing full-year guidance. Quarterly revenue was $248 million, while analysts polled by FactSet expected $249.5 million. Planet Fitness lowered its full-year adjusted earnings per share growth guidance to 7% to 9% from 10% to 11%, below the consensus estimate of 11.1%. Robinhood — Shares of Robinhood rose more than 5% after the brokerage reported record first-quarter profits. Robinhood earned 18 cents per share on revenue of $618 million. Analysts polled by London Stock Exchange Group (LSEG) expected revenue of 6 cents a share on revenue of $549 million. Warner Bros. Discovery — Shares fell about 4% after the media company said it lost 40 cents a share in the first quarter, better than the 24-cent loss expected by analysts polled by LSEG. Revenue also disappointed, coming in at $9.96 billion, compared with the consensus estimate of $10.23 billion. Yeti — The beverage maker’s shares soared 12% in the first quarter, beating Wall Street expectations. Yeti earned 34 cents per share, excluding items, on revenue of $341.4 million, while analysts polled by FactSet forecast earnings of 24 cents per share on revenue of $333.3 million. The company also raised its full-year earnings per share guidance while reaffirming its revenue growth outlook. Arm – Shares of the British chip designer fell nearly 7% despite better-than-expected fourth-quarter earnings, as the midpoint of its revenue guidance for the year was slightly below analysts’ expectations, according to LSEG. Arm said it expects full-year revenue to be between US$3.8 billion and US$4.1 billion. Analysts expect revenue this year of $3.99 billion. Klaviyo — Shares of the marketing automation company rose nearly 9% after the company reported its quarterly report Wednesday. Klaviyo forecast second-quarter revenue of $211 million to $213 million, higher than the $210 million expected by analysts polled by LSEG. Airbnb — Shares of Airbnb fell more than 7% after the vacation rental stock provided disappointing guidance. The company beat first-quarter revenue and profit estimates, but said it expects revenue in the current quarter to be between $2.68 billion and $2.74 billion. That was slightly lower than LSEG’s estimate of $2.74 billion. AppLovin — The mobile technology company’s shares jumped 15% on Wednesday after its earnings and revenue topped after-hours results. AppLovin reported earnings of 67 cents per share, while analysts polled by LSEG expected 57 cents. Revenue was $1.06 billion, compared with consensus estimates of $974 million. SolarEdge — The energy company reported a first-quarter loss of $1.90 per share, beating expectations, sending its shares down more than 8% in premarket. Analysts expected a loss of $1.55 per share, according to FactSet. Quarterly revenue of $204 million beat expectations, but was down sharply from last year’s revenue of nearly $1 billion. AMC Entertainment — Shares fell 4% after the movie theater chain reported year-over-year declines in first-quarter revenue and attendance. AMC’s first-quarter financial performance was in line with the company’s preliminary guidance released in April. Duolingo — The language-learning app is expected to post second-quarter revenue of $175 million to $177.5 million, below the $176.9 million expected by analysts polled by LSEG. The company’s shares fell 14%. Bumble — The dating app company’s profit and revenue beat after-hours trading on Wednesday, sending shares up 11%. Bumble reported earnings of 19 cents per share, while analysts polled by FactSet expected 7 cents. Revenue of $267.8 million beat the consensus estimate of $265.4 million. Krispy Kreme — Shares rose 2% after the company reported first-quarter revenue of $442.7 million, beating the FactSet consensus estimate of $434.1 million. Adjusted earnings per share were 7 cents, compared with expectations of 6 cents. Warby Parker — The eyewear maker rose 14% on stronger-than-expected first-quarter profit. Warby said the company lost 2 cents per share, below the consensus forecast of 9 cents per share by analysts polled by FactSet. Revenue for the three months was $200 million, above Wall Street forecasts of $196.4 million. Tapestry — Coach parent company shares fell 3% after the company reported third-quarter revenue of $1.48 billion, missing LSEG’s forecast of $1.5 billion. The company also lowered its full-year revenue forecast to more than $6.6 billion from about $6.7 billion, below the $6.74 billion expected by analysts polled by FactSet. Roblox – Shares of video game developer Roblox fell more than 28% after the company reported first-quarter pre-orders that fell short of Wall Street expectations and slashed its annual forecast. Roblox said it now expects full-year bookings to be between $4 billion and $4.1 billion. That was below previous guidance of $4.14 to $4.28 billion and the FactSet estimate of $4.23 billion. Forward Air — The logistics provider fell 36% in premarket Thursday, falling more than any other stock in the S&P 1500, according to FactSet data. On an adjusted basis, Forward Air lost 64 cents a share in the first quarter, double the worst estimate of seven analysts surveyed by FactSet. “We continue to face a challenging market environment characterized by weak freight demand, excess carrier capacity and pricing pressure,” the CFO said. —CNBC’s Jesse Pond, Tanaya Machel, Alec Schalling and Samantha Subin contributed reporting.
