{"id":7542,"date":"2024-11-08T15:47:23","date_gmt":"2024-11-08T15:47:23","guid":{"rendered":"https:\/\/finderica.com\/pins-mnst-bbwi-djt-and-more\/"},"modified":"2024-11-08T15:47:23","modified_gmt":"2024-11-08T15:47:23","slug":"pins-mnst-bbwi-djt-and-more","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=7542","title":{"rendered":"PINS, MNST, BBWI, DJT and more"},"content":{"rendered":"<div>\n<div data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\">\n<p><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"xyz-data\">Check out the companies making headlines before the bell. Trump Media &amp; Technology Group \u2014 Shares of President-elect Donald Trump&#8217;s media company fell another 4.6% in premarket trading following a 23% plunge in the previous session. The stock, which trades under ticker Trump&#8217;s initials, DJT, has given up Wednesday&#8217;s rally triggered by Trump&#8217;s election victory. It&#8217;s down more than 9% week to date as of Thursday&#8217;s close. Upstart \u2014 The artificial intelligence-focused lending marketplace surged 20% after third-quarter results surpassed Wall Street expectations. Upstart lost 6 cents per share in the quarter, excluding items, much narrower than the loss of 15 cents forecast by analysts, according to LSEG. The company saw $162 million in revenue, topping the consensus expectation for $150 million. Upstart also issued a better-than-expected revenue outlook for the current quarter. Pinterest \u2014 Shares plunged roughly 12.6% after the online image-sharing platform posted disappointing fourth-quarter guidance. The company sees revenue between $1.125 billion and $1.145 billion. The midpoint of that guidance, $1.135 billion, was below consensus. Block \u2014 Shares retreated by 2.7% as following the financial technology platform&#8217;s miss on third-quarter revenue. Block saw $5.98 billion in sales, under the expected $6.24 billion by analysts surveyed by LSEG. However, adjusted earnings per share came in slightly better than the Street anticipated. Airbnb \u2014 Share declined 7.3% on mixed quarterly results. Airbnb topped revenue estimates, but earnings came in 1 cent per share shy of expectations. DraftKings \u2014 The sports-betting stock lost 5.3% on the back of weak earnings for the third quarter and its outlook. DraftKings guided current-quarter adjusted earnings before interest, taxes, depreciation and amortization in a range of $240 million and $280 million, lower than the estimate for somewhere between $340 million and $420 million, per LSEG. Sweetgreen \u2014 The salad chain tumbled 16.5% in the wake of an earnings miss for the third quarter. Sweetgreen recorded losses of 18 cents per share on revenue of $173 million, while analysts surveyed by LSEG had expected a narrower loss of 13 cents per share and $175 million in revenue. Toast \u2014 The restaurant management platform&#8217;s stock rallied 14.2% on the back of strong third-quarter results and guidance. Looking ahead, Toast said to expect adjusted EBITDA between $90 million and $100 million in the fourth quarter, despite analysts polled by StreetAccount penciling in just $74.8 million. Arista Networks \u2014 The computer networking firm pulled back by 4.9% despite issuing strong earnings and announcing a 4-for-1 stock split. Arista earned an adjusted $2.40 per share in the third quarter on revenue of $1.81 billion, while analysts polled by LSEG had predicted $2.08 and $1.74 billion, respectively. Revenue guidance also came in ahead of expectations. Lucid Group \u2014 Shares rose about 5% after the electric carmaker&#8217;s third-quarter results beat Wall Street&#8217;s expectations . The company posted an adjusted loss per share of 28 cents on revenue of $200 million, while analysts were expecting a loss of 30 cents per share on $198 million in revenue, according to LSEG. Capri Holdings \u2014 The Versace and Michael Kors parent slid 8% following weak results for the second fiscal quarter. Capri earned an adjusted 65 cents per share on $1.08 billion in revenue, while analysts polled by LSEG were looking for 75 cents a share and $1.18 billion, respectively. Monster Beverage \u2014 The energy drink stock dropped 5.4% following a worse-than-expected earnings report for the third quarter. Monster saw 40 cents earned per share, excluding items, and $188 billion in revenue. Analysts polled by FactSet penciled in 43 cents in earnings per share and $1.91 billion in revenue. Affirm \u2014 The buy-now-pay-later stock slipped 2.4% despite beating Wall Street expectations on both lines in the fiscal first quarter. Affirm lost an adjusted 31 cents per share, narrower than the consensus forecast of 35 cents, according to LSEG. Revenue came in at $698 million, higher than the $664 million expected by analysts. BioNTech \u2014 U.S.-listed shares of the German biotechnology company popped 3.9% on the heels of a Goldman Sachs upgrade to buy from neutral. Goldman cited promise tied to an oncology asset and said the stock could rally more than 25%. Bath &amp; Body Works \u2014 The fragrance retailer slid 2.7% in the wake of a Barclays downgrade to underweight from equal weight. Barclays said the company could face pressures on sales and margins in 2025. \u2014 CNBC&#8217;s Sean Conlon, Yun Li, Pia Singh and Samantha Subin contributed reporting<\/span><\/span><\/span><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/11\/08\/stocks-making-the-biggest-moves-premarket-pins-mnst-bbwi-djt-and-more.html\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Check out the companies making headlines before the bell. Trump Media &amp; Technology Group \u2014 Shares of President-elect Donald Trump&#8217;s media company fell another 4.6% in premarket trading following a 23% plunge in the previous session. The stock, which trades under ticker Trump&#8217;s initials, DJT, has given up Wednesday&#8217;s rally triggered by Trump&#8217;s election victory.<\/p>\n","protected":false},"author":1,"featured_media":7543,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[196],"tags":[2250,2040,2249,2221],"class_list":{"0":"post-7542","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance-news","8":"tag-bbwi","9":"tag-djt","10":"tag-mnst","11":"tag-pins"},"_links":{"self":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/7542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7542"}],"version-history":[{"count":0,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/7542\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/media\/7543"}],"wp:attachment":[{"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}