Alphabet plunged 10% in premarket trading as rapid growth in Google’s newly established AI cloud business failed to offset disappointing performance across other segments.
Microsoft fiscal first-quarter adjusted earnings came in at $4.89 per share on revenue of $92.3 billion, exceeding Wall Street expectations. The stock rose 4% in premarket trading.
ServiceNow plunged 19% after the company gave an outlook for quarterly subscription sales that met analysts’ estimates, but failed to quell Wall Street’s anxieties that artificial intelligence will disrupt the software maker.
Sprouts Farmers plunged 22% in premarket trading after the company reported disappointing quarterly results and warned that sales were deteriorating, highlighting broader challenges facing the supermarket industry.
Chipotle Mexican Grill reported better-than-expected comparable sales on Wednesday, as marketing efforts, limited-time menu offerings and higher prices helped drive customers to the burrito chain, sending its shares up about 6% in premarket trading.
Carvana reported stronger income as vehicle sales hit a record, sending shares up 9% in premarket trading.
Fortinet tumbled 26% in premarket trading after the cybersecurity firm reported third-quarter earnings that topped Wall Street estimates. Revenue also beat views amid big share gains in 2026, but a key financial metric — billings revenue growth — underwhelmed investors.
Cohu posted stronger-than-expected fiscal third-quarter results, with adjusted earnings of $0.43 a share on revenue of $173 million, topping Wall Street estimates; shares rose 4% in premarket trading.
Teladoc Health just released third quarter 2026 results, reporting sales of US$605.1 million compared with US$626.44 million a year earlier and a reduced net loss of US$26.93 million, shares rose 7% in premarket trading.
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