Take a look at the businesses making headlines earlier than the bell. Eli Lilly — The pharmaceutical inventory dropped greater than 7% regardless of posting a second-quarter earnings and income beat . The corporate additionally raised steerage for each its full-year earnings and income. Meantime, Eli Lilly reported that the very best dose of an experimental each day tablet helped sufferers with weight problems lose round 12% of their physique weight , or roughly 27 kilos, at 72 weeks in a late-stage trial. Peloton — Shares surged 10% after the train tools producer reported fiscal fourth-quarter income of $606.9 million, beating the $580.2 million analysts polled by LSEG had anticipated. The corporate earned 5 cents a share, whereas analysts had anticipated a lack of 6 cents a share. Airbnb — The journey rental firm noticed shares falling 6% in premarket. Whereas its second-quarter outcomes beat analysts’ expectations, the corporate is forecasting a weaker second half of the 12 months. Third-quarter income is estimated to be between $4.02 billion and $4.10 billion. Analysts have been predicting $4.05 billion in income for the interval. DoorDash — The meals supply firm rallied 7% on a better-than-expected earnings report for the second quarter. DoorDash earned 65 cents per share on $3.28 billion in income, whereas analysts polled by LSEG penciled in 44 cents and $3.16 billion. E.l.f. Magnificence — Shares stumbled 11% after the cosmetics producer mentioned that its income, down 30% year-over-year , took a success from new tariffs on China items. E.l.f. declined to estimate fiscal 2026 income because of a “wide selection of potential outcomes” and as a substitute issued steerage just for the primary half of the fiscal 12 months. DraftKings — The sports activities betting inventory gained 7% after posting second-quarter earnings of 30 cents per share, beating LSEG estimates of 15 cents per share. The corporate’s $1.51 billion income additionally exceeded the anticipated $1.41 billion. Moreover, DraftKings mentioned it expects its 2025 income to land on the larger finish of its $6.2 billion to $6.4 billion vary. Duolingo — The language studying app soared 28% after posting a second-quarter beat on each the highest and backside traces. Duolingo additionally guided for current-quarter income within the vary of between $257 million to $261 million, whereas analysts polled by LSEG had penciled in $253 million. Intel — Shares fell about 2% after President Donald Trump mentioned on social media that Intel CEO Lip-Bu Tan ought to resign . Whereas not referring to Tan by title, Trump referred to as the manager “extremely CONFLICTED” in a Thursday morning put up on Fact Social. IonQ — Shares slipped 5% after the quantum computing firm reported a second-quarter lack of 70 cents per share, wider than the 29 cents analysts polled by FactSet had anticipated. Nonetheless, IonQ’s $20.7 million income beat estimates calling for $17.2 million. Fortinet — The cybersecurity inventory fell 22% after Fortinet issued lackluster steerage for its third-quarter income and reported second-quarter income of $1.63 billion, matching expectations. Following its print, Morgan Stanley Piper Sandler and KeyBanc downgraded shares. HubSpot — Shares climbed 7% after the software program firm reported second-quarter adjusted earnings of $2.19 per share on income of $760.9 million, whereas analysts polled by FactSet had anticipated $2.12 per share and $739.4 million in income. HubSpot additionally shared third-quarter and full-year steerage that exceeded estimates. Dutch Bros — Shares surged 20% after the espresso chain posted a second-quarter earnings and income beat. Dutch Bros’ same-store gross sales rose 6.1% 12 months over 12 months. The corporate additionally raised its steerage for its full-year same-store gross sales and adjusted EBITDA. MetLife — The insurance coverage supplier shed 2% on the again of its disappointing second-quarter monetary outcomes. Its adjusted earnings of $2.02 per share fell in need of the $2.15 per share anticipated from analysts polled by LSEG. MetLife’s adjusted income got here in at $17.92 billion, versus the $18.54 billion consensus estimate. Aris Water Options — The water infrastructure inventory climbed 20% after Western Midstream Companions introduced it could be buying Aris Water Options in an equity-and-cash transaction value about $1.5 billion and anticipated to shut within the fourth quarter. Shares of Western Midstream Companions have been final down lower than 1%. Topgolf Callaway Manufacturers — Shares popped 10% after the golf and lively way of life firm posted second-quarter adjusted earnings of 24 cents per share on income of $1.11 billion. Analysts had been searching for earnings of two cents per share and income of $1.09 billion, per FactSet. Rogers Corp. — The engineering-materials inventory rose about 2% after activist investor Starboard Worth disclosed Wednesday in a securities submitting it had constructed a stake of over 9% within the firm. Starboard’s newest 13F submitting revealed it held an approximate place of 1% within the firm as of March 31. Firefly Aerospace — Shares of the Texas-based rocket maker will debut on Thursday on the Nasdaq below the “FLY” ticker image. On Wednesday, the inventory priced in its IPO at $45 every, which was above its anticipated vary. — CNBC’s Michelle Fox, Alex Harring and Yun Li contributed reporting.
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