Stocks making the biggest moves premarket: AMD, Disney, Uber, Arista Networks, Super Micro Computer & more

CNBC Top News ·

Stocks making the biggest moves premarket: AMD, Disney, Uber, Arista Networks, Super Micro Computer & more

Check out the companies making the biggest moves premarket: Advanced Micro Devices — Shares surged 20% after the chipmaker issued strong guidance. …

Check out the companies making the biggest moves premarket: Advanced Micro Devices — Shares surged 20% after the chipmaker issued strong guidance. AMD is calling for second-quarter revenue of $11.2 billion, plus or minus $300 million, versus the analyst estimate for $10.52 billion. First-quarter results also surpassed expectations on the top and bottom lines. Super Micro Computer — The server maker jumped almost 15%. Expectations for fourth-quarter profit range from 65 cents to 79 cents per share, trouncing Wall Street's call for 55 cents a share, per LSEG. In the third quarter, Super Micro posted adjusted earnings of 84 cents per share on revenue of $10.24 billion. Analysts polled by FactSet had expected earnings of 62 cents and $12.39 billion in revenue. Disney — The media giant jumped 5% on fiscal second-quarter revenue that beat analyst expectations. Driving the beat was a strong performance from the company's streaming and theme park businesses. CVS Health — The pharmacy benefits operator gained 4% on better-than-expected results for the first quarter. CVS earned an adjusted $2.57 per share on revenue of $100.43 billion. Analysts polled by LSEG expected a profit of $2.20 per share on revenue of $95.1 billion. The company also hiked its full-year earnings outlook. Uber — Shares surged 9% despite first-quarter revenues coming in lighter than expected. …

Original source: CNBC Top News

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