Stocks with Big Moves Before Market Opens

On August 9, 2024, shares of The Trade Desk surged nearly 4% following the company's impressive second-quarter earnings that exceeded analyst expectations. The ad-buying firm not only reported strong results but also raised its outlook for the third quarter, signaling confidence in continued growth. Similarly, Expedia's stock rose about 8% after the online travel agency reported an adjusted profit of $3.51 per share on revenues of $3.56 billion, surpassing analyst predictions of $3.06 per share and $3.53 billion in revenue. Akamai Technologies also reported positive results, with adjusted earnings of $1.58 per share and revenues of $980 million, both exceeding analyst forecasts. The company has raised its full-year earnings guidance to a range of $6.34 to $6.47 per share, up from a previous estimate of $6.20 to $6.40. Insulet Corporation also beat expectations with revenue of $488.5 million, compared to the anticipated $463.5 million. In contrast, shares of Beauty, a cosmetics company, fell nearly 9% in premarket trading despite reporting better-than-expected fiscal first-quarter results. Analysts noted that while the company raised its full-year forecast, the guidance suggested a potential slowdown in growth. Dropbox also saw a positive reaction, with shares increasing by 3% after reporting earnings of 60 cents per share and revenues of $634.5 million, both surpassing analyst estimates. Sweetgreen also posted second-quarter revenue of $184.6 million, slightly above the consensus estimate.