Stocks Making the Greatest Movements Premarket 05/09

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Last Updated on May 9, 2023 by Bitfinsider

Skyworks Solutions — Skyworks Solutions fell more than 9% after issuing weaker-than-expected fiscal third-quarter projections. According to StreetAccount, the semiconductor company expects non-GAAP per-share earnings of roughly $1.67, which is lower than average predictions of $2.06. It also forecasts revenue of $1.05 billion to $1.09 billion, when analysts expected guidance of $1.15 billion. According to StreetAccount, the company’s second-quarter earnings were in line with projections, but revenue exceeded expectations.

Under Armour — Shares of the garment firm plummeted roughly 5% in premarket trading despite the fact that the company’s fiscal-fourth-quarter results exceeded forecasts on both the top and bottom lines, according to Refinitiv. However, the company’s full-year revenue and earnings per share forecast fell short of forecasts. According to StreetAccount, Under Armour expects profits per share to range between 47 cents and 51 cents for the coming year, compared to 61 cents expected by analysts.

Fisker — Fisker fell 12.5% in premarket trading as first-quarter earnings fell short of expectations. According to Refinitiv, the automobile firm posted a higher-than-anticipated loss of 38 cents per share, while analysts predicted a loss of 30 cents per share.

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