Today's pre-market stock movers: SQ, AMC, DASH, LYFT and more
Gainers:
$Lyft Inc(LYFT.US$ surged 8.8% after the ride-hailing company posted a 30% jump in second-quarter revenue to $991 million and active riders in the quarter rose 31.9% from a year earlier.
$DoorDash(DASH.US$ surged 11% after the food-delivery service posted better-than-expected second-quarter results and significantly raised full-year guidance.
$Expedia(EXPE.US$ second-quarter results beat analysts' estimates and shares of the online travel agency rose 5.7% early Friday.
$Carvana(CVNA.US$ rose 8.5% after the company recorded a loss of $439 million in the second quarter, narrower than the previous quarter's loss of $506 million. Second-quarter sales volume of 117,564 rose from 105,185 during the prior quarter and up from 107,815 a year earlier.
$Cloudflare(NET.US$ surged 18.7% in premarket trading Friday after the web security provider raised full-year revenue guidance.
$DraftKings(DKNG.US$ surged 11.9% after raising fiscal 2022 guidance.
Losers:
$Tesla(TSLA.US$ was falling modestly after shareholders approved a 3-for-1 stock split. The electric-vehicle company didn't specify when the split would go into effect.
Shares of $Block(SQ.US$ slumped 7% after the company said Bitcoin revenue at its Cash App unit dropped 34% in the second quarter. The fintech's second-quarter adjusted earnings of 18 cents a share beat analysts' estimates by 2 cents.
$AMC Entertainment(AMC.US$ fell 8.9% early Friday after the movie-theater company said it was giving shareholders a special dividend of AMC Preferred Equity Units. AMC CEO Adam Aron called the preferred dividend, to be listed on the New York Stock Exchange under ticker symbol "APE" as "perhaps the single biggest action we will take in all of 2022 to fundamentally strengthen AMC for the long term."
$Beyond Meat(BYND.US$ fell 5.4% after the plant-based meat company lowered its revenue outlook for the full year.
$Zillow-C(Z.US$ issued a third-quarter revenue outlook well below expectations and shares of the real estate listings website sank 7.7% early Friday.
Shares of $Virgin Galactic(SPCE.US$ were tumbling 12.5% on Friday after the space tourism company pushed back the launch of commercial service to the second quarter of 2023.
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