Check out which companies are making headlines in pre-market trading. Tesla – Shares jumped 7% after CEO Elon Musk said his $56 billion pay package and a decision to move the company's founding to Texas are set to pass through a shareholder vote. The former was criticized ahead of the vote, with prominent shareholders publicly sharing their intentions to vote against the compensation plan. Broadcom – Shares jumped nearly 14% after the chipmaker reported higher earnings and revenue and announced a 10-for-1 stock split. Adjusted earnings per share for the fiscal second quarter were $10.96, beating the $10.84 expected from analysts surveyed by LSEG. Revenues amounted to $12.49 billion, compared to the expected $12.03 billion. Dave & Buster's – Shares of the entertainment and restaurant chain fell 10% after first-quarter sales beat expectations. Dave and Buster's reported revenue of $588 million for the first quarter, below the $621 million that analysts had expected, according to LSEG. Oxford Industries – Shares fell 4% after the apparel maker's weaker-than-expected earnings report. Parent company Tommy Bahama reported adjusted earnings of $2.66 per share on revenue of $398.2 million. Analysts surveyed by FactSet expected earnings of $2.68 per share and revenue of $404.8 million. Guidance for the current quarter and full year was also softer than Wall Street expected. Virgin Galactic – The space tourism company fell 8.5% after its board approved a 1-for-20 reverse stock split. The stock is trading at less than $1. Kimberly-Clark – The consumer packaged goods stock rose 2.2% on the heels of a rare double upgrade to buy from Bank of America. The maker of Huggies and Kleenex is about to see structural changes, the company said. Nextera Energy Partners – Shares fell 3.2% on Barclays downgrade to Underweight from Equal Weight. Barclays said the company had no way out from under the burdens resulting from financing the convertible equity portfolio. Corning – Shares fell about 1% after Morgan Stanley downgraded to equal weight from overweight. Morgan Stanley said Corning shares have a more balanced risk-reward ratio after a notable rally this year. — CNBC's Michelle Fox and Jessie Pound contributed reporting
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