Stock Movers

On this episode of Stock Movers:

- Datadog (DDOG) shares rose after the company reported third-quarter results that beat expectations and raised its full-year forecast.
- Doordash (DASH) shares sunk after the company said it will spend more on investments next year to build new products and bolster internal tools, weighing on its earnings forecast. The company expects to increase investment in Deliveroo to improve the product and maintain growth, and anticipates spending “several hundred million dollars more” in 2026 on new products and an internal platform.
- Duolingo (DUOL) shares tank after the language-learning software company gave a weak fourth-quarter bookings forecast. Analysts note that the management’s focus on user growth weighs on the bookings outlook

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an outlook. Analysts are broadly positive on the report, which showed a profit hit from a US tax change. Qualcomm took a $5.7 billion writedown in period, which contributed to a $3.12 billion net loss. Other tech companies have recently reported hefty one-time charges from tax adjustments, including Meta Platforms Inc.
- Shares of Snap Inc. (SNAP) soared ahead of the US market open, after the company announced a $400 million partnership with Perplexity AI to incorporate its AI-powered search engine into its flagship Snapchat app. The deal gives Snap a new business line and puts the social messaging company more squarely into the mix around AI chatbots and assistants. Perplexity’s answer-engine will be integrated into Snapchat’s Chat interface beginning in 2026, according to Snap Chief Executive Officer Evan Spiegel, though the company’s existing My AI chatbot will also be available to users.
- Duolingo (DUOL) shares plunged in early trading after the company posted fourth-quarter bookings that trailed estimates. The language-learning company sees bookings in a range of $329.5 million to $335.5 million, while analysts estimated a midpoint of $344.1 million. Fourth-quarter revenue was in line with expectations and the company boosted its revenue guidance for the year as users pay more to chat with AI bots. Duolingo now expects revenue growth of 38% for the year at the midpoint. This is above its previous outlook and Wall Street’s estimated 36% rise. Paid subscribers came in slightly higher than estimates.

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- Qualcomm (QCOM) shares dropped in premarket trading after the chipmaker reported its fourth-quarter results and gave an outlook. Analysts are broadly positive on the report, which showed a profit hit from a US tax change. Qualcomm took a $5.7 billion writedown in period, which contributed to a $3.12 billion net loss. Other tech companies have recently reported hefty one-time charges from tax adjustments, including Meta Platforms Inc.
- DoorDash (DASH) shares plunged in the early session after the US food-delivery app leader said it will spend more on investments next year to build new products and bolster internal tools, weighing on its earnings forecast. The company, which operates in more than 40 countries through its Wolt unit and the recently acquired Deliveroo business, expects to increase investment in Deliveroo to improve the product and maintain growth, it said in a statement Wednesday.
- Shares of Fortinet (FTNT) sank premarket as revenue in its service segment missed expectations. The Sunnyvale, California-based cybersecurity company’s largest segment rose 13% in the quarter ending Sept. 30 to $1.17 billion slightly below Wall Street’s estimates. It was Fortinet’s slowest quarterly growth for service revenue in at least a decade.

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On this episode of Stock Movers:

- Diageo lowered its full-year outlook for sales and profit as weak demand in China and the US weigh on the British distiller.
- Air France-KLM plunged the most in three years after the Franco-Dutch airline group reported earnings that missed expectations, hurt by strikes and higher taxes.
- Maersk shares fell with investor disappointment over a smaller-than-expected improvement in the container-shipping giant’s full-year profit guidance.

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On this episode of Stock Movers:
- Novo Nordisk shares rose after a judge denied Pfizer’s request to temporarily block the Danish drugmaker’s $10 billion bid to acquire the obesity startup Metsera.
- Legrand 3Q sales missed expectations as the boost from strong demand for data center infrastructure appeared to slow.
- Zalando shares rose after the online retailer reported 3Q sales that came ahead of expectations and confirmed its guidance for the full year.

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On this episode of Stock Movers:

- Snap (SNAP) shares surged more than 25% in extended trading after the company announced a $400 million partnership with Perplexity AI Inc. to incorporate its AI-powered search engine into Snapchat. The deal gives Snap a new business line and puts the social messaging company more squarely into the mix around AI chatbots and assistants. Perplexity’s answer-engine will be integrated into Snapchat’s Chat interface beginning in 2026, according to Snap Chief Executive Officer Evan Spiegel, though the company’s existing My AI chatbot will also be available to users.

- DoorDash (DASH) shares plunged in extended trading after the US food-delivery app leader said it will spend more on investments next year to build new products and bolster internal tools, weighing on its earnings forecast. Shares of DoorDash plunged as much as 20% in late trading after the report, before paring some of the losses. The stock has been up 42% so far this year through Wednesday’s close at $238.

- Qualcomm (QCOM) the largest maker of smartphone processors, gave a bullish revenue forecast for the current period, though a US tax change took a toll on profit last quarter.Sales will be roughly $12.2 billion in the fiscal first quarter, which runs through December, the company said in a statement Wednesday. Profit will be about $3.40 a share, minus certain items. Analysts had estimated revenue of $11.6 billion and earnings of $3.26 a share. Qualcomm shares fell about 3% in extended trading following the announcement. The stock had rallied in recent weeks, which may have made it harder for the report to impress investors.

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On this episode of Stock Movers:

- Shares of McDonald’s (MCD) were higher after the fast food giant reported faster-than-expected US sales growth last quarter as diners prioritized cheap fast food and pulled back from more premium meals at fast-casual chains. US comparable-store sales, which reflect the results of established locations, increased 2.4% in the third quarter, with the company attributing the rise mostly to higher per-visit spending. Overall comparable sales, which adds in international markets, were in line with expectations, while adjusted earnings per share fell short of the average of estimates compiled by Bloomberg.

- Cava (CAVA) is flat after declines earlier in the day. The restaurant cut its full-year sales growth targets after foot traffic stalled in the third quarter, citing financially squeezed consumers forgoing fast-casual restaurants.

- Live Nation (LYV) Live Nation shares are down 5.1% on Wednesday after the concert promoter and ticker seller reported third-quarter results that missed expectations on key metrics, although analysts remain positive about its longer-term prospects.

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On this episode of Stock Movers:
- AMD (AMD) shares fall in premarket trading after the chipmaker failed to impress investors with its revenue forecast after an eye-popping rally sent expectations soaring. Fourth-quarter revenue will be roughly $9.6 billion, the company said in a statement Tuesday. Though analysts had estimated $9.2 billion on average, some projections ranged as high as $9.9 billion. Investors have bet heavily on AMD following blockbuster agreements with OpenAI and Oracle, which plan to use the company’s chips in their build-out of artificial intelligence computing. The hope is that AMD can finally crack Nvidia’s dominance in the AI processor market.
- Shares of Pinterest (PINS) are down in premarket trading, after the search platform gave a weaker-than-expected revenue outlook. The San Francisco-based company expects revenue to be $1.31 billion to $1.34 billion for the fourth quarter, according to a statement published Tuesday. The midpoint of that range is below the average analyst estimate of $1.34 billion, according to data compiled by Bloomberg. Pinterest, which people use to find ideas for recipes, fashion and home decor, posted third-quarter sales of $1.05 billion, which was in-line with expectations. User growth in the US and Canada, the company’s most lucrative market, was up just 1 million users over the prior quarter.
- Shares of McDonald’s Corp. (MCD) edged higher ahead of the US open, after the fast food giant reported faster-than-expected US sales growth last quarter as diners prioritized cheap fast food and pulled back from more premium meals at fast-casual chains. US comparable-store sales, which reflect the results of established locations, increased 2.4% in the third quarter, with the company attributing the rise mostly to higher per-visit spending. Overall comparable sales, which adds in international markets, were in line with expectations, while adjusted earnings per share fell short of the average of estimates compiled by Bloomberg.

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- AMD (AMD) shares fall in premarket trading after the chipmaker failed to impress investors with its revenue forecast after an eye-popping rally sent expectations soaring. Fourth-quarter revenue will be roughly $9.6 billion, the company said in a statement Tuesday. Though analysts had estimated $9.2 billion on average, some projections ranged as high as $9.9 billion. Investors have bet heavily on AMD following blockbuster agreements with OpenAI and Oracle, which plan to use the company’s chips in their build-out of artificial intelligence computing. The hope is that AMD can finally crack Nvidia’s dominance in the AI processor market.
- Super Micro Computer (SMCI) shares tumbled in early trading after the server maker missed reduced estimates for first-quarter sales and profit and gave a disappointing earnings forecast for the current period, reinforcing concerns about its ability to capitalize on demand for AI equipment. Excluding some items, earnings in the period ending in December will be 46 cents to 54 cents a share, the company said Tuesday in a statement. Sales will be $10 billion to $11 billion. Analysts on average had projected profit of 62 cents on sales of $8.05 billion.Super Micro emerged as a favorite stock among artificial intelligence-obsessed investors last year because the servers it makes are used to run rapidly growing AI workloads.
- Shares of Humana (HUM) dipped lower ahead of the US market open after posting third-quarter profit above Wall Street’s expectations, making it the latest health insurer to report a better job managing the increasing cost of health care. The results bode well for Humana’s strategy to grow profitability in its Medicare Advantage business, its largest unit, which provides a private version of the government health insurance program for seniors. The company has stated a goal of achieving profit margins of 3% in its individual plans.

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On this episode of Stock Movers:
- Novo Nordisk pared its forecast for a fourth time this year on lagging sales of its blockbuster drugs Wegovy and Ozempic, underscoring the urgency facing its new CEO.
- Orsted has confirmed its full-year profit guidance, seeking to reassure investors of its financial stability after a weak third quarter..
- M&S expects profit in the second half to rebound to at least last year’s level as the British retailer tries to move on from a costly cyberattack.

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