Stocks Making the Greatest Movements Premarket 05/10

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Last Updated on May 10, 2023 by Bitfinsider

Airbnb — Shares fell 13.3% after the vacation booking platform provided a bleak prognosis for the second quarter and stated that it may struggle to satisfy year-over-year comparables. In terms of quarterly earnings, Airbnb nonetheless outperformed expectations on both fronts.

Twilio — Twilio’s stock dropped 16% in premarket trade after the company’s sales forecast came in lower than expected. The company said it expected revenue of $980 million to $990 million in the second quarter. Refinitiv polled analysts, who predicted $1.05 billion in revenue.

Dutch Bros. — Shares fell 7.6% after the business reported first-quarter same-store sales and revenue that fell short of estimates. The company did break even for the quarter, but StreetAccount polled analysts predicted a loss of 3 cents per share. As a result of the research, JPMorgan downgraded the stock from overweight to neutral.

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