Stocks making the biggest moves premarket: Meta, Microsoft, Teladoc, Norwegian Cruise Line & more
Premarket movers include Microsoft shares up about 9% after quarterly revenue of $90.01B beat estimates and Azure grew 43% at constant currency, with 2026 Azure revenue forecast above $100B. Meta fell nearly 9% on EPS and revenue forecast misses. Other notable moves: Teladoc -18.5%, Norwegian Cruise Line -7%, Starbucks +6%, Carvana -10%, MarketAxess halted on a $167/share buyout by ICE.
How this was made
The 30-second read
Why it matters
The article provides same-day, quantified earnings and guidance catalysts that explain large premarket price moves, enabling traders to align positions with the new information.
Market read
High dispersion across earnings and guidance prints is likely to drive stock-specific volatility and sector rotation at the open.
What to watch
Premarket moves can reverse at the open due to positioning and liquidity; traders should verify whether each company’s full guidance and margin commentary supports the initial reaction.
Background
This is a CNBC premarket market-movers roundup summarizing earnings and guidance reactions across multiple US-listed companies.
Ticker impact
Microsoft jumped 9% premarket after quarterly revenue of $90.01B beat estimates and Azure growth hit 43% at constant currency.
Bullish bias for continued premarket/early-session strength, with volatility around guidance interpretation.
The article cites a large beat on revenue and Azure growth, plus a new FY Azure revenue milestone, which are direct drivers of the stock move.
Meta shares fell nearly 9% premarket after EPS of $6.18 missed by $1.04 and Q3 revenue forecast guided below estimates.
Bearish bias with risk of further downside if investors extend the guidance disappointment.
The article directly links the premarket drop to both earnings miss and weaker-than-expected revenue guidance.
Teladoc Health plunged 18.5% premarket after Q2 revenue of $606.9M missed expectations and it lowered full-year guidance.
Downward pressure likely persists through the open as traders reprice full-year expectations.
The article provides both the revenue shortfall and the explicit guidance reduction as the catalyst.
Norwegian Cruise Line shares fell 7% premarket after cutting full-year forecast and guiding EPS to $1.50 versus prior $1.45 to $1.79.
Bearish near-term bias, with potential for additional selling if the market focuses on the lower end of guidance.
The article states the forecast cut and compares it to analyst EPS expectations, but does not provide qualitative drivers.
Bristol-Myers Squibb added more than 1% premarket after beating second-quarter top and bottom lines with adjusted EPS of $2.04.
Mildly bullish bias, likely to track broader risk sentiment unless guidance details change.
The article cites a beat on both EPS and revenue, but provides no guidance change specifics.
Starbucks jumped 6% premarket after raising full-year outlook and reporting same-store sales growth of 7.9%.
Bullish bias with potential follow-through if investors view the outlook raise as durable.
The article explicitly ties the move to both an outlook increase and a quantified same-store sales beat.
Carvana fell 10% premarket after full-year earnings guidance of $2.7B to $3.0B missed Wall Street expectations.
Bearish bias with elevated volatility around any follow-up commentary.
The article directly attributes the decline to guidance missing consensus.
Chipotle shares rose 6% premarket after quarterly earnings beat and it forecast full-year same-store sales growth in a low single-digit range.
Bullish bias for continued strength, especially if the market treats the outlook as a step-up from prior guidance.
The article provides both the beat and the updated outlook, but does not quantify margins or demand drivers.
Market effects
Broad earnings/guidance dispersion across tech, healthcare, consumer, and semis suggests traders will rotate based on forward visibility rather than headline beats alone.
Primarily US-listed large caps and growth names driving index futures sentiment into the open.
Global supply-chain and demand expectations for semiconductors and cybersecurity are reinforced by the cited equipment and security earnings beats.
Counterpoint
Some declines (e.g., EPS misses with revenue beats) may be over-discounting near-term noise, especially if guidance commentary is broadly stable.
Key entities
- companyMicrosoft
Quarterly revenue and Azure growth beat, with FY Azure revenue surpassing $100B.
- companyMeta Platforms
EPS miss and softer Q3 revenue forecast drove a near 9% premarket drop.
- companyMarketAxess
Announced acquisition by Intercontinental Exchange for $167 per share, leading to a trading halt.
