Take a look at the companies making headlines before the stock market opens. GameStop — Meme shares fell 5% in pre-market trading, giving up an early gain of nearly 30%. GameStop released a surprising financial report, showing first-quarter net sales of $882 million, a 29% year-over-year decrease. GME also gave an update on its stock sales and said it would sell more shares on top of the 45 million shares it announced in May, raising more than $900 million. Meme leader Roaring Kitty’s stock is set to rise 47% on Thursday on expectations that its livestream will begin at noon ET. Lyft — Shares of the ride-sharing company rose more than 3%. During Lyft’s investor day on Thursday, multiple analysts upgraded the stock to a buy rating. Lyft said it expects total bookings to grow at a compound annual growth rate of approximately 15% from 2024 to 2027. , the stock price fell 8%. Vail Resorts reported earnings of $9.54 per share on revenue of $1.28 billion. Skechers — Shares of Skechers rose 2% after Bank of America upgraded the footwear maker to buy, citing improving wholesale conditions and strong sales trends. DocuSign — DocuSign shares fell more than 7% after issuing forward guidance for its fiscal second quarter and full year and first-quarter results that topped Wall Street’s first-quarter expectations. Electronic Signature Stock The board also authorized $1 billion in stock repurchases. Samsara — Shares of the software maker fell more than 6% after releasing fiscal second-quarter and full-year financial forecasts and better-than-expected first-quarter results. Samsara reported adjusted earnings of 3 cents per share on revenue of $281 million. That beat LSEG’s forecast of 1 cent per share in earnings and $272 million in revenue. Braze — The customer engagement platform reported a loss of 5 cents per share, below expectations, but revenue beat estimates, sending Braze shares soaring 15%. The company also gave strong guidance for the current quarter and full year, expecting full-year revenue to be between $577 million and $581 million. —CNBC’s Li Yun and Michelle Fox contributed reporting
