Check out the companies making headlines before the bell. Trump Media & Technology Group — Shares of President-elect Donald Trump’s media company fell another 4.6% in premarket trading after a 23% drop in the previous session. The stock, which trades under Trump’s initials DJT, has given up Wednesday’s rally sparked by Trump’s election victory. It has fallen more than 9% in the week to date since Thursday’s close. Home – The AI-focused lending market surged 20% after third-quarter results beat Wall Street expectations. Upstart lost 6 cents per share in the quarter, excluding items, much narrower than the 15 cents loss expected by analysts, according to LSEG. The company saw $162 million in revenue, beating consensus expectations for $150 million. Upstart also issued a better-than-expected revenue outlook for the current quarter. Pinterest – Shares fell 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 middle of that guidance, $1.135 billion, was below consensus. Block – Shares retreated 2.7% after the financial technology platform’s third-quarter earnings miss. Block saw $5.98 billion in sales, below the $6.24 billion expected by analysts polled by LSEG. However, adjusted earnings per share came in slightly better than the Street expected. Airbnb — Shares fell 7.3% on mixed quarterly results. Airbnb topped revenue estimates, but earnings came in at 1 cent per share, missing expectations. DraftKings – The sportsbook’s stock lost 5.3% on weak third-quarter earnings and its outlook. DraftKings guided current-quarter adjusted earnings before interest, taxes, depreciation and amortization in a range of $240 million and $280 million, below estimates of between $340 million and $420 million, for LSEG. Sweetgreen – The salad bar chain fell 16.5% as a result of missing earnings for the third quarter. Sweetgreen posted a loss of 18 cents per share on revenue of $173 million, while analysts polled by LSEG had expected a narrower loss of 13 cents per share on revenue of $175 million. Toast – Shares of the restaurant management platform rose 14.2% on strong third-quarter results and guidance. Looking ahead, Toast said it expects adjusted EBITDA between $90 million and $100 million in the fourth quarter, despite analysts polled by StreetAccount estimating just $74.8 million. Arista Networks — The computer networking firm retreated 4.9% despite posting 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 forecast $2.08 billion and $1.74 billion, respectively. The earnings guidance also came in ahead of expectations. Lucid Group — Shares rose about 5% after the electric carmaker’s third-quarter results beat Wall Street expectations. The company posted an adjusted loss per share of 28 cents on revenue of $200 million, while analysts expected a loss of 30 cents per share on revenue of $198 million, according to LSEG. Capri Holdings — The parent company of Versace and Michael Kors fell 8% after weak results for the fiscal second quarter. Capri earned an adjusted 65 cents per share on revenue of $1.08 billion, while analysts polled by LSEG were looking for 75 cents per share and $1.18 billion, respectively. Monster Beverage — The energy drink stock fell 5.4% after a worse-than-expected third-quarter earnings report. Monster saw 40 cents earned per share, excluding items, and $188 billion in revenue. Analysts polled by FactSet estimated 43 cents in earnings per share and $1.91 billion in revenue. Affirm – The buy-now-pay-later stock fell 2.4% despite beating Wall Street expectations on both lines in the fiscal first quarter. Affirmo missed an adjusted 31 cents a 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 – Shares of the US-listed German biotech company rose 3.9% after a Goldman Sachs upgrade to buy from neutral. Goldman cited the promise of an oncology asset and said the stock could rise more than 25%. Bath & Body Works — The fragrance retailer fell 2.7% after Barclays downgraded it to underweight from equal weight. Barclays said the company could face pressures on sales and margins in 2025. — CNBC’s Sean Conlon, Yun Li, Pia Singh and Samantha Subin contributed reporting
PINS, MNST, BBWI, DJT and more